MM Forgings Limited has informed the Exchange about Copy of Newspaper Publication in connection with intimation of Postal Ballot Notice
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MM Forgings Limited has informed the exchanges about publishing its Postal Ballot Notice in Trinity Mirror and Makkal Kural newspapers. The Postal Ballot seeks shareholder approval for two special resolutions: (1) increasing the authorised share capital and amending the capital clause of the Memorandum of Association, and (2) raising funds in one or more tranches through issuance of equity shares or other permitted securities. The Postal Ballot Notice was dispatched electronically on 30 March 2026, with the cut-off date for voting eligibility set as 27 March 2026. E-voting begins on 31 March 2026 (9:00 AM) and ends on 29 April 2026 (5:00 PM) via CDSL, with results expected to be announced on 30 April 2026.
Shareholders should watch this closely — if approved, the resolutions would allow MM Forgings to raise fresh capital and potentially dilute existing holdings. The outcome of the e-voting on 30 April 2026 will determine whether the company can proceed with its fund-raising plans.