Result of Postal Ballot along with the Scrutinizer''s Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.0 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jyoti Limited announced the result of a postal ballot seeking shareholder approval to ratify the issuance and allotment of equity shares on a preferential basis to persons belonging to the Non-Promoter group. The voting was conducted via remote e-voting from April 18, 2025 to May 17, 2025. Out of 18,154 shareholders on record, 60 shareholders participated with 1,20,73,192 shares (52.28% of outstanding shares) being polled. The special resolution was passed overwhelmingly with 99.9981% votes in favour (1,20,72,962 shares) and only 230 shares (0.0019%) voted against. The scrutinizer, Mr. Ravi Kapoor, Practicing Company Secretary, confirmed the resolution was carried with the requisite majority.
This confirms shareholder backing for a preferential share issuance to non-promoter entities, which will dilute existing shareholders and bring in new non-promoter investors. The near-unanimous approval suggests minimal promoter/public opposition, but retail investors should note the equity dilution from this preferential allotment.