Postal ballot results: 3 special resolutions approved by shareholders
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lake Shore Realty shareholders approved 3 special resolutions via postal ballot on 2 July 2026. (1) Mr. Narendra Kumar Verma (ex-ONGC, 46 years in oil and gas) appointed Independent Director for 5 years till 14 May 2031, with 99.99 percent votes in favour. (2) Registered office shifted from Delhi to Mumbai, with 99.98 percent votes in favour, subject to Regional Director approval. (3) Board authorised loans, guarantees or security up to Rs.100 crore to subsidiaries, associates, joint ventures or group entities under Section 185 of Companies Act, passed with 98.52 percent votes in favour. Results declared on 3 July 2026.
Company base shifts to Mumbai; new Independent Director with oil and gas experience joins board; company gains flexibility to lend up to Rs.100 crore to group firms, worth monitoring.