Pursuant to the provision of Regulation 30 of the SEBI (LODR) Regulations, 2015 please find the enclosed herewith copy of postal ballot notice dated 20th June 2025, together with the explanatory ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jungle Camps India Ltd has issued a postal ballot notice dated 20 June 2025 seeking shareholder approval for a variation in its IPO prospectus dated 13 December 2024. The change relates to vendor selection for the renovation of its flagship Pench Jungle Camp property at Pench National Park, Madhya Pradesh. Instead of three separate vendors (Alankaram for furniture at ₹238.85 lakhs, Jaipur Rugs for furnishings at ₹7.47 lakhs, and Millennium Hardware for lighting at ₹21.67 lakhs), the company proposes a single vendor, Shivaay Luxury Living LLP, at a combined cost of about ₹256.21 lakhs, saving roughly ₹11.77 lakhs. The postal ballot will be conducted only through remote e-voting, with the voting window running from 23 June 2025 (9:00 AM) to 22 July 2025 (5:00 PM), and results to be declared by 24 July 2025. The company also disclosed that of the ₹2,792.21 lakhs IPO proceeds, only ₹912.21 lakhs (~30.13%) has been utilised so far, with ₹1,880 lakhs still unutilised.
This is a procedural shareholder vote for cost optimisation on IPO-funded renovation work, not a change in business direction. Shareholders should note the relatively slow utilisation of IPO proceeds (about 30% deployed) and the unutilised ₹1,880 lakhs earmarked for project capex. The proposed vendor change is minor and cost-saving, unlikely to move the stock materially on its own.