Postal ballot results: 3 resolutions passed including office shift to Mumbai
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lake Shore Realty (formerly Mahaan Foods) announced results of postal ballot. All 3 special resolutions passed: (1) Mr Narendra Kumar Verma, ex-MD and CEO of ONGC Videsh with 46 plus years in oil and gas, appointed Independent Director for 5 years from 15 May 2026, approved by 99.99 percent votes. (2) Registered office shifting from Delhi to Mumbai, Maharashtra, approved by 99.98 percent. (3) Board approved to give loans, guarantees or security up to Rs 100 Crores under Section 185 to subsidiaries or group entities, approved by 98.52 percent. Total 4456 shareholders on record date.
Office shift to Mumbai brings firm closer to financial hub; new director adds oil and gas expertise; Rs 100 Crore Section 185 limit enables funding to group entities.