Luxury Time Postal Ballot to Vary IPO Objects
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Luxury Time seeks shareholder approval via postal ballot (e-voting Aug 27 to Sep 25, 2026) to vary its November 2025 IPO objects. Original net proceeds of Rs. 1,325.13 lakh (for 4 stores, working capital, general corporate) remain fully unutilised. Revised deployment of Rs. 1,332 lakh: Rs. 300 lakh for 4 stores directly, Rs. 1,000 lakh for strategic investments or acquisitions via subsidiaries or JVs, Rs. 32 lakh for general purposes. Implementation by March 31, 2028.
Shareholders to vote on redirecting IPO funds toward acquisitions and JVs instead of working capital. No IPO funds deployed yet; deadline extended to March 2028.