Please find attached the Minutes of Postal Ballot vide Postal Ballot Notice dated 11.02.2025, result whereof was declared on 31.03.2025.
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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.
Kkalpana Industries (India) Ltd has filed the minutes of a postal ballot (results declared on 31 March 2025) in which shareholders approved two ordinary resolutions relating to material related party transactions for FY 2025-26. The first resolution permits transactions with Ddev Plastiks Industries Ltd (a fellow subsidiary) involving sale/purchase/supply of goods up to Rs. 100 crore and services up to Rs. 2 crore, and it was passed with 96.32% votes in favour. The second resolution permits sale/purchase/supply of goods with Ddev Plastic Ltd (another fellow subsidiary) up to Rs. 15 crore for FY 2025-26, passed with 96.33% votes in favour. E-voting was conducted between 2 March and 31 March 2025 through NSDL, with Mr. Ashok Kumar Daga acting as scrutinizer. Both fellow subsidiaries share a common holding company, Bbigplas Poly Private Limited, which makes them related parties under SEBI Listing Regulations.
Shareholders have cleared significant related party transaction limits (totalling up to Rs. 117 crore) with two group companies for FY 2025-26, giving the board flexibility to conduct business with fellow subsidiaries. The high approval percentage (~96%) signals strong shareholder support, though retail investors should note these are intra-group transactions that warrant monitoring for arm's-length pricing.