Postal Ballot Result: Shareholders Approve Increase in Authorized Capital
LIBAS · price
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Libas Consumer Products Limited concluded its postal ballot e-voting on July 9, 2026. Shareholders approved an ordinary resolution to increase the Authorized Share Capital and amend the Memorandum of Association. The resolution passed with 100 percent votes in favor (53.5 lakh votes), with only 4 votes against. Total 20,878 shareholders were on record as of the cut-off date June 5, 2026. Promoter group held 84.12 lakh shares with 48.1 percent polling. Scrutinizer was Sark and Associates LLP.
Higher authorized capital allows the company to issue more shares later for fundraising or acquisitions, but no immediate dilution to existing shareholders.