Outcome of the Postal Ballot dated 28.01.2026
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Softsol India Limited (BSE: 532344), based in Hyderabad, concluded a postal ballot through remote e-voting on January 28, 2026, with shareholders approving a special resolution to change the company's name to 'Madala Holdings Limited', along with corresponding alterations to the Memorandum and Articles of Association. Out of roughly 1.47 crore total shares, about 45.65 lakh shares (30.92% of shareholding) participated in the voting. The promoter group cast its full 12.34 lakh shares in favour, while public non-institutional shareholders cast 33.30 lakh votes with 99.9999% in favour and just 2 votes against. Overall, 45,65,249 out of 45,65,251 valid votes backed the name change, and the scrutinizer has confirmed the resolution is passed. The company will now move to file the necessary forms with the Registrar of Companies to formalize the new name.
This is a corporate identity change with no direct impact on business operations, share value, or shareholder rights. The near-unanimous approval means the name change will proceed smoothly and may signal a strategic repositioning or rebranding effort by the company.