Disclosure of Voting Results of Postal Ballot
LLOYDSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Enterprises Ltd conducted a postal ballot for 4 resolutions which all passed with overwhelming shareholder approval on May 16, 2026. The e-voting took place from April 17 to May 16, 2026. Three special resolutions were approved: (1) giving loans, inter-corporate deposits, guarantees and acquiring securities beyond prescribed limits under Section 186 (99.85% in favor), (2) overall borrowing limits under Section 180(1)(c) (99.86% in favor), and (3) creation of mortgage or charge on company assets under Section 180(1)(a) (99.86% in favor). An ordinary resolution approving material related party transactions with Geomysore Services India Pvt Ltd also passed with 98.94% in favor. Notably, the promoter group did not vote on the related party transaction (as they were interested) while institutional investors voted against the first three special resolutions but were outvoted.
The passage of these resolutions gives the company significant financial flexibility including higher borrowing capacity, ability to invest in other companies beyond normal limits, and ability to mortgage assets as security. The related party transaction approval with Geomysore Services indicates continued business dealings with related entities. Overall, this is a routine governance approval with no immediate negative signals for shareholders.