Proceeding of Postal Ballot notice dated March 01, 2025.
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Awaiting price reaction for this filing.
Jeet Machine Tools Ltd conducted a postal ballot (including remote e-voting) to seek shareholder approval on a Special Resolution for the sale, transfer, assignment, or conveyance of the company's property under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A(1) of SEBI LODR Regulations. The voting window ran from 9:00 a.m. on March 04, 2025, to 5:00 p.m. on April 02, 2025, with February 28, 2025 as the cut-off date for eligibility. NSDL provided the e-voting platform and Practicing Company Secretary Yogesh D. Dabholkar was appointed as the Scrutinizer to oversee the process. This filing is only a summary of proceedings; the actual voting results (votes for/against) are not yet disclosed and will be announced separately.
The resolution pertains to disposal of a company property/undertaking, which is a significant corporate action for a small-cap company. Shareholders should watch for the upcoming result announcement, as approval would enable the board to monetise a major asset, while rejection could stall the company's plans.