Enclosed please find the Scrutinizer''s Report on resolutions passed by shareholders of the Company on May 02, 2026, through postal ballot.
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Awaiting price reaction for this filing.
Shareholders of Jetmall Spices and Masala Limited have approved a Special Resolution to change the company's name to Artemis ADR Marketplace Limited, along with necessary changes to its Memorandum and Articles of Association. The resolution was passed with 100% votes in favour (41,74,300 votes) and zero against out of 69.65% voter turnout. Promoter group holding 21,16,300 shares voted entirely in favour, while public shareholders contributed 20,58,000 favourable votes from their 38,76,600 eligible shares. The voting was conducted via postal ballot with remote e-voting from April 3 to May 2, 2026. This name change signals a complete pivot from the spices and masala business into the ADR (American Depositary Receipt) marketplace sector.
This approval indicates a fundamental shift in the company's business focus from spices/masala to an ADR marketplace platform, which could substantially alter the company's risk profile, valuation basis, and investment appeal. Existing shareholders should reassess the stock based on the new business model and any future corporate actions or disclosures regarding this pivot.