Voting Results along with Scrutinizers Report
LIKHITHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Likhitha Infrastructure Limited conducted a Postal Ballot via remote e-voting from March 27, 2025 to April 25, 2025, with results declared on April 26, 2025. Out of 60,444 shareholders on record, 71.47% of outstanding shares (2,81,95,187 votes) were polled. All five resolutions were passed with the requisite majority, including a Special Resolution to increase the company's borrowing limits under Section 180(1)(c), approval to create mortgage/charge on assets under Section 180(1)(a), and an Ordinary Resolution for Material Related Party Transactions. Resolutions 3 (Section 185 loans/guarantees) and 4 (Related Party Transactions) saw relatively higher dissent at around 0.9% against votes, with public non-institutional shareholders showing notable opposition of over 53% within their category. The remaining three resolutions passed with overwhelming support of 99.97% in favor.
Shareholders have cleared the path for the company to raise larger borrowings, create charges on assets, alter its main business objects, and enter into material related party deals. This signals potential expansion or capital raising activity ahead, though the noticeable public shareholder dissent on related party transactions and Section 185 items may warrant monitoring for governance concerns.