Krystal Integrated Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding e-voting results along with copy of minutes.
KRYSTAL · price
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Krystal Integrated Services Limited announced the results of a postal ballot conducted via remote e-voting between January 31, 2026 and March 1, 2026. Two resolutions were passed with overwhelming majority (over 99.99% votes in favour). Resolution 1 (Ordinary) approved an increase in the company's authorised share capital from Rs. 15 Crores to Rs. 19 Crores (from 1.5 crore to 1.9 crore equity shares of Rs. 10 each), along with a corresponding amendment to the Memorandum of Association. Resolution 2 (Special) approved raising capital of up to Rs. 300 Crores through a Qualified Institutions Placement (QIP) to institutional investors in one or more tranches. Out of 24,001 shareholders, 99 cast their votes, with promoters holding 97,74,394 shares voting 100% in favour of both resolutions.
The authorised capital hike is a procedural step to create room for the proposed QIP. The Rs. 300 Crore QIP, once launched, will lead to dilution of existing shareholders as new equity shares are issued to institutional buyers. Shares allotted under the QIP will carry a one-year lock-in. Watch for the actual QIP launch, pricing, and use of proceeds, which could be a positive catalyst if deployed for growth.