Submission of Postal Ballot Notice.
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Kretto Syscon Ltd has sent a Postal Ballot Notice dated July 15, 2025 seeking shareholder approval via remote e-voting on two ordinary resolutions. The first resolution seeks to increase the authorised share capital from ₹66 crore to ₹68 crore by adding 2 crore new equity shares of ₹1 each, along with a corresponding amendment to the Memorandum of Association. The second resolution proposes a bonus issue in the ratio of 2:25 (2 new shares for every 25 existing shares), to be funded by capitalising up to ₹5,01,75,397 from free reserves and surplus. After the bonus issue, the company's paid-up equity capital is expected to rise to approximately ₹67.74 crore. E-voting is open from July 18, 2025 (9:00 AM) to August 16, 2025 (5:00 PM), with the cut-off date set at July 11, 2025. Results will be announced within two working days after the e-voting concludes.
If approved, eligible shareholders will receive 2 bonus shares for every 25 shares held, increasing their share count but not the total value of their holding. The rise in authorised capital also gives the company flexibility for any future fund-raising or share issuance plans.