Please find enclosed voting results & Scrutinizers Report
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Awaiting price reaction for this filing.
Neelkanth Limited has announced the results of a Postal Ballot conducted between June 10 and July 9, 2025. Shareholders approved a Special Resolution to sell or dispose of the company's land under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A(1) of SEBI LODR Regulations. Out of 2,355 shareholders on record, 271,398 votes were polled (about 6.23% of total shares), with 99.99% voting in favour and just 14 votes against. The Chairman & Wholetime Director Yogesh Thakarsey Dawda confirmed the resolution was passed with the requisite majority.
Shareholders have greenlit the sale of the company's land, which could bring in significant cash inflow for the company. Investors should watch for the next announcement disclosing the actual sale deal value, buyer, and how the proceeds will be used, as this could materially impact the stock.