Voting Result
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Arunis Abode Limited (Scrip Code: 526935) declared the results of a postal ballot on 13 June 2025, with all 13 resolutions passed with virtually 100% approval (only 1 dissenting vote across millions polled). Key items approved include: regularisation of Mr. Dharmendrabhai Jasani as Chairman, Mr. Ayush Jasani (his son) as Vice Chairman, and Mr. Yagnik Tank as Managing Director — all for 3-year terms. Three new Independent Directors (Ms. Sejalben Donga, Mr. Sanam Umbargikar, Mr. Anand Soman) were also appointed for 5-year terms. Shareholders also approved an increase in authorised share capital, a change to the company's object clause, acquisition of 100% of Prasad Earth Movers Pvt Ltd as a wholly owned subsidiary, multiple material related-party transactions with Kalind Earth Movers entities, and a shift of the registered office. Promoters hold roughly 70.4% of the 30 lakh equity shares, which explains the near-unanimous outcome.
The board has been reconstituted with new executive and independent directors, and the company has cleared the way to expand into earth-moving equipment businesses via acquisition and RPT approvals. For public shareholders, the heavy promoter control means voting outcomes were largely predetermined, but the diversification into a new business vertical and related-party deals warrant close scrutiny.