MBL Infrastructure Limited has informed the Exchange regarding 'Summary of Proceedings of Postal Ballot '.
MBLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MBL Infrastructure Limited has completed a postal ballot process for shareholder approval on two resolutions. The first resolution involves the re-appointment of Mr. Ram Dayal Modi as an Independent Director of the Company. The second resolution pertains to the issuance of Securities. The remote e-voting was conducted between April 16, 2026 and May 15, 2026, with 25,859 eligible members as of the cut-off date of April 10, 2026. Ms. Anjali Yadav, a Practicing Company Secretary, served as the Scrutinizer for the voting process. The Chairman has declared that both resolutions were passed with the requisite majority on May 15, 2026.
The re-appointment of the Independent Director ensures continuity in board governance. The issuance of securities resolution indicates the company may raise capital, which could dilute existing shareholding but may also fund future growth plans.