The outcome of the Postal Ballot notice dated 01-04-2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jetking Infotrain Ltd has announced the results of a postal ballot conducted between April 2 and May 1, 2025. Both special resolutions were passed with overwhelming majority: (1) Alteration in the main object clause of the Memorandum of Association received 99.9997% votes in favour, and (2) Approval for issuance of Equity Shares on a preferential basis received 99.9994% votes in favour. Out of 59,07,500 total equity shares, 32,43,256 shares (54.90%) were voted, with promoter group contributing 22,92,739 votes (100% in favour) and public non-institutional holders voting 9,50,517 shares (nearly 100% in favour). The scrutinizer, Mr. Abhay J. Pal of AJP & Associates, confirmed the resolutions are deemed passed on May 1, 2025.
The approval of preferential equity share issuance signals potential dilution for existing shareholders as new shares will be issued to specific investors at a pre-agreed price. Shareholders should watch for further announcements regarding the issue price, number of shares, and identities of allottees, which will determine the actual dilution impact on their holdings.