Lloyds Enterprises Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
LLOYDSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Enterprises Limited has disclosed the results of its postal ballot conducted via remote e-voting from April 17 to May 16, 2026. All four resolutions were passed with overwhelming shareholder approval. The company secured approvals for: (1) giving loans, inter corporate deposits, guarantees and acquiring securities exceeding prescribed limits under Section 186 (99.85% in favour), (2) overall borrowing limits under Section 180(1)(c) (99.86% in favour), (3) creation of mortgage or charge on company assets under Section 180(1)(a) (99.86% in favour), and (4) material related party transactions with Geomysore Services India Pvt Ltd (98.94% in favour). For the related party transaction, promoters abstained from voting due to conflict of interest, and institutional investors voted against it (100% against from Public Institutions category). Total voter turnout was 76.6% of outstanding shares across the first three resolutions.
The approvals give the company flexibility to raise debt and make investments beyond normal limits, and enable material related party transactions with Geomysore Services India Pvt Ltd. The passing of these resolutions is broadly positive as it removes regulatory constraints on the company's financial operations, though the related party transaction with Geomysore Services warrants ongoing monitoring.