KANCHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanchi Karpooram Limited conducted a postal ballot through remote e-voting for a Special Resolution to alter Clause III(A), the Main Object Clause, of its Memorandum of Association. The voting period ran from April 11, 2026 to May 10, 2026. Out of 11,242 eligible shareholders, 23,76,256 votes were polled representing 54.70% of outstanding shares. The resolution was passed overwhelmingly with 23,67,747 votes (99.64%) in favour and only 8,509 votes (0.36%) against. Promoter group voted 100% in favour while public shareholders approved with 94.45% in favour. The resolution achieved the required 3:1 majority threshold for a Special Resolution under the Companies Act, 2013.
The passage of this resolution enables the company to expand its business activities by modifying its main objects clause in the MOA. This indicates potential diversification or new business lines and is generally a positive signal for future growth prospects, though specific expansion plans are not detailed in the filing.