Postal ballot E-voting Result and Scrutinizer''s Report.
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Awaiting price reaction for this filing.
Jeet Machine Tools Ltd has disclosed the results of a postal ballot conducted for a special resolution to sell, transfer, assign, and convey the company's property under Section 180(1)(a) of the Companies Act, 2013. The e-voting period ran from March 4 to April 2, 2025. Out of 1,960,000 total shares, 952,620 shares (about 48.6%) were voted, and all votes cast were in favour of the resolution, with zero votes against. The promoter group voted with 932,920 shares (100% in favour) and public non-institutional shareholders voted with 19,700 shares (also 100% in favour). The scrutinizer confirmed the resolution was passed with the requisite majority, and no invalid votes were recorded.
Shareholders have approved the company's plan to sell or transfer a property asset. The unanimous support and absence of any dissent suggest smooth shareholder backing, though details of the property and sale price are not mentioned in this filing. Retail investors should look for further disclosures regarding the asset sale terms and how the proceeds will be used.