The Outcome of the Postal Ballot Notice dated 20-08-2025
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Jetking Infotrain Ltd has announced the results of its postal ballot conducted via e-voting from July 22 to August 20, 2025. Both special resolutions were approved with overwhelming majority — nearly 99.99% votes in favour. The first resolution re-appoints Mr. Avinash Suresh Bharwani (DIN: 00981105) as Chairman & Whole-Time Director of the company. The second resolution approves the issuance of equity shares on a preferential basis. Out of 63,03,656 total equity shares, 32,49,332 shares (51.55%) were polled, with promoter group voting in full (22,88,969 shares) in support. The scrutinizer was Mr. Vijay Yadav of M/s. AVS & Associates.
Shareholders have endorsed the continuation of the existing Chairman & Whole-Time Director and cleared the way for a fresh preferential share issuance, which could lead to equity dilution for existing public shareholders. Investors should watch for details of the preferential allotment (issue price, allottees) and pending BSE listing approval for 81,136 shares already allotted in May 2025.