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 the members of the Company, now 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 declared the results of its Postal Ballot conducted via remote e-voting from November 21, 2025 to December 20, 2025. All four resolutions were passed with overwhelming majority, each receiving 99.99% votes in favor. The resolutions cover: (1) raising investment and loan limits under Section 186, (2) approving a material related party transaction with parent John Cockerill SA to acquire shares of John Cockerill Metals International SA (Belgium), (3) enhancing borrowing limits under Section 180(1)(c), and (4) creating mortgage or charge on company assets under Section 180(1)(a). For the related party transaction, promoter group shareholders abstained due to conflict of interest, leaving only public non-institutional shareholders to vote, with 342,330 shares in favor. On the other three resolutions, promoters voted fully with their 3,703,200 shares, bringing total approval to 4,045,528 shares. The scrutinizer's report by Mr. Vijay Kumar Mishra of VKM & Associates confirmed the validity of the process.
Shareholders have green-lit greater financial flexibility for the company, including higher borrowing power and the ability to pledge assets. The related party transaction approval clears the way for parent John Cockerill SA to route its Belgian metals subsidiary acquisition through the Indian listed entity, which could bring strategic benefits but also increases inter-group dependence for minority shareholders.