Postal ballot for early redemption of preference shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanoria Energy & Infrastructure is seeking shareholder approval via postal ballot to reduce the redemption period of 11,01,150 5% redeemable preference shares (Rs 100 each, about Rs 11.01 crore total) at the request of preference shareholders. Original redemption dates span from 2029 to 2034 across 21 allotments. If approved, the company will repay these preference shareholders earlier than originally scheduled. Remote e-voting runs from June 26 to July 25, 2026. Results will be announced by July 28, 2026.
Company will repay about Rs 11.01 crore to preference shareholders earlier than scheduled, creating a near-term cash outflow.