Proceedings of Postal Ballot_20.04.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Josts Engineering Company has completed the postal ballot process seeking shareholder approval for the development of its Thane factory land through a Special Resolution. The Board had approved seeking member consent at its meeting on 18th March 2025, and the postal ballot notice was emailed to shareholders on 20th March 2025. The remote e-voting window ran from 22nd March 2025 (9:00 AM) to 20th April 2025 (5:00 PM) via CDSL's e-voting platform, with Mr. Akshay Gupta appointed as the scrutinizer. Voting results are scheduled to be declared on 22nd April 2025 and will be filed with BSE and posted on the company's website. The resolution, if passed, will be deemed effective from 20th April 2025, the last day of e-voting.
This is a procedural filing confirming the completion of shareholder voting on the proposed development of the Thane factory land, which is a significant real estate decision. The outcome, once declared on 22nd April, could influence the company's future capital allocation, asset value realisation, or business strategy, though the financial impact depends on the nature and scale of the development plan.