Compliance with SEBI(LODR), 2015, Submission of Scrutinizer''s Report on resolutions passed through Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Naksh Precious Metals Ltd conducted a Postal Ballot via e-voting from March 7, 2025 to April 5, 2025, with 59 members participating. Three Special Resolutions were put to vote. Resolution 1 (Amendment to Memorandum and Articles of Association) was decisively rejected, with 99.63% of votes (2,615,000 shares) against it and only 0.37% (9,795 shares) in favour. Resolution 2 (shifting the registered office from Delhi to Maharashtra) passed with 99.86% approval (2,621,152 votes in favour). Resolution 3 (related to Executive Director appointment/change) also passed with 99.86% approval. The Scrutinizer Jigarkumar Gandhi of JNG & Co LLP confirmed the results on April 7, 2025.
The rejection of the MoA/AoA amendment is a clear signal of shareholder dissent, which may concern retail investors about governance direction. The passing of the registered office shift to Maharashtra aligns with where the company's corporate operations already sit (Nashik). For shareholders, the stock price reaction will likely be muted since only 59 shareholders voted, but the overwhelming rejection of Resolution 1 is a notable governance event.