Krishna Defence And Allied Industries Limited has informed the Exchange about Copy of Newspaper Publication
KRISHNADEF · price
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Krishna Defence and Allied Industries Limited has published a Postal Ballot Notice in newspapers (Active Times in English and Tarun Bharat in Marathi) seeking shareholder approval through e-voting for two key resolutions. The first and most significant resolution is the migration of the company's equity shares from the NSE Emerge (SME) Platform to the Main Board of both BSE and NSE. The second resolution is the appointment of Rear Admiral Anil Kumar Dutta (Retd, IN) (DIN: 10993940) as a Director and Independent Director. The e-voting period runs from 9:00 AM on April 10, 2025 to 5:00 PM on May 9, 2025, with the cut-off date for eligibility being April 4, 2025. Results are expected to be announced by May 12, 2025, and Ms. Ruchita Patel has been appointed as the Scrutinizer for the process.
The proposed migration from the NSE Emerge (SME) platform to the Main Boards of BSE and NSE is a major positive event, typically leading to improved liquidity, broader investor participation, index inclusion potential, and possible re-rating of the stock. Shareholders should ensure their e-voting is completed before May 9, 2025, as their vote count is based on holdings as of the April 4, 2025 cut-off date.