Please find outcome of Postal ballot Meeting of the company
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Kretto Syscon Limited (BSE: 531328) announced the results of its Postal Ballot conducted via remote e-voting, with the last date of voting on August 16, 2025. Two ordinary resolutions were passed by shareholders. Resolution 1 — Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association — was approved with 70.65% of polled votes in favour (8,49,671) versus 29.35% against (3,52,964). Resolution 2 — Issue of Bonus Shares — received near-unanimous support with 99.93% in favour (12,01,774) and just 0.07% against (861 votes). Voting participation was very low: only 174 members cast votes out of 90,590 shareholders on the record date (July 11, 2025), covering roughly 0.19% of outstanding shares (12,02,635 out of 62,71,92,456). The promoter/promoter group did not participate in voting. Scrutinizer CS Himanshu Togadiya confirmed both resolutions passed with requisite majority.
Shareholders have cleared the way for a bonus share issuance and an increase in authorised capital. The bonus issue will expand the share count and is typically accompanied by a proportionate adjustment in share price, while raising no fresh cash. The very low voting turnout and the absence of promoter participation is a notable point for investors watching governance signals.