Announced Tue, 16 Jun · 10:03 IST
Postal ballot: Main Object Clause amendment passed with 99.95% approval
Board & Shareholder Meetings View source PDF
KANCHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹358.25
prior close
₹376.15
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+10.2+10.5+10.5+11.7+9.7+5.8+3.3+3.6——
Up moveDown movePending
AI summary
Kanchi Karpooram's postal ballot to amend the Main Object Clause of its MOA was passed with overwhelming support. Of 19,51,906 valid votes cast, 99.95% (19,50,958) voted in favor and only 948 votes against. Promoters voted 100% in favor (18,00,423 shares polled, 81% of their holding). Public participation was 7.14%, with 99.37% in favor. Overall, 44.93% of outstanding shares participated.
Likely market impact
Near-unanimous shareholder approval paves the way for the company to expand or diversify its permitted business activities under the MOA.