Kindly find Postal ballot Scrutinizer report
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Kretto Syscon Limited conducted a postal ballot via remote e-voting from July 18 to August 16, 2025, with results declared on August 18, 2025. Two ordinary resolutions were passed by shareholders. Resolution 1, to increase the Authorised Share Capital and amend the Capital Clause of the Memorandum of Association, was approved with 70.65% of votes in favour and 29.35% against. Resolution 2, to issue Bonus Shares, was approved with an overwhelming 99.93% in favour and just 0.07% against. Only 174 out of 90,590 shareholders cast votes, representing just 0.19% of outstanding shares (12,02,635 shares), with all votes coming from public non-institutional investors.
Shareholders have approved a bonus share issuance, which is generally viewed positively as it rewards existing shareholders with additional shares. However, the relatively close vote (70.65%) on the authorised capital increase and the very low voter turnout (0.19%) suggest modest engagement, and the actual bonus ratio and record date are yet to be detailed in a follow-up announcement.