Krishna Institute of Medical Sciences Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
KIMS · price
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Krishna Institute of Medical Sciences Limited (KIMS) has announced that shareholders approved a Special Resolution for issuance of equity shares through a Qualified Institutions Placement (QIP) to raise funds. The postal ballot voting closed on April 15, 2026, with results confirmed by Scrutinizer Krishna Rao Inturi on April 16, 2026. A total of 473 shareholders participated, representing 283.7 million shares (70.9% of outstanding). The resolution passed with overwhelming support: all promoter votes (110.7 million shares) and all public institution votes (164.8 million shares) were 100% in favour, with only 26 votes against from public non-institutions.
The QIP approval signals potential share dilution as new equity will be issued to institutional investors. The unanimous promoter and institutional backing indicates confidence in the company's growth plans. Shareholders should monitor for the actual QIP size and pricing terms.