Please find enclosed the Scrutinizer''s Report pertaining to the Postal Ballot of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Keerthi Industries Ltd has disclosed the results of its postal ballot conducted via remote e-voting from June 11 to July 10, 2025. Shareholders approved two resolutions with near-unanimous support (99.9979% in favour, just 15 votes against): (1) approval for slump sale of the company's electronics business under Section 180(1)(a) of the Companies Act, 2013, and (2) approval for a material related party transaction with Hyderabad Bottling Co. Private Limited for the sale of this electronics business under Section 188(1)(b). Promoter and promoter group, being interested in the resolutions, did not vote (held 60,05,951 shares but polled zero). Total valid votes polled stood at 7,16,458, representing 35.69% of public non-institutional shareholding. Both resolutions have been declared passed with the requisite majority.
The company is exiting its electronics segment via a slump sale to a related party (Hyderabad Bottling Co.), which signals a strategic restructuring and sharper focus on remaining core operations. Financial impact will depend on the deal value, which has not been disclosed here, but the overwhelming public shareholder approval suggests comfort with the divestiture.