We refer to our letter dated November 20, 2025, informing the Stock Exchange about the dispatch of the Postal Ballot Notice for seeking the approval of members of the Company, now we hereby ....
COCKERILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
John Cockerill India Limited announced the results of its Postal Ballot (remote e-voting) that concluded on December 20, 2025. Four resolutions were put to vote, and all were passed with the required majority. Three were Special Resolutions: (1) raising the limit for investments, loans, guarantees and security under Section 186 of the Companies Act, (2) enhancing the borrowing limits under Section 180(1)(c), and (3) approving the creation of mortgage/charge on the company's assets under Section 180(1)(a). One was an Ordinary Resolution for a material related party transaction with parent John Cockerill SA for acquiring shares of John Cockerill Metals International SA, Belgium. Voting turnout was about 81.93% for resolutions 1, 3 and 4, and only 6.93% for resolution 2 because promoter group abstained (being an interested party). In every case, more than 99.99% of votes cast were in favor of the resolutions, with only 3-5 votes against.
Minor administrative impact on the stock, as the resolutions largely expand the company's financial flexibility — higher borrowing capacity, ability to invest/lend more freely, and approval to create charges on assets. The related party transaction approval allows the company to proceed with the acquisition via its Belgian parent, which could reshape the group structure. The near-unanimous support signals broad shareholder comfort with management's capital plans.