Newspaper publication of notice of postal ballot & Intimation of remote E-voting information
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitco Ltd has published a postal ballot notice seeking shareholder approval for a special resolution to monetize the company's immovable property located at Kanjurmarg, Mumbai. The property transaction involves entering into a conveyance deed or agreement with M/s R Siddhatva Developers Private Limited, which is a step-down subsidiary of M/s Rutuj Construction Private Limited. The notice was dispatched on May 26, 2026, with a cut-off date of May 15, 2026 for determining eligible shareholders. Remote e-voting commences on May 28, 2026 and closes on June 27, 2026. Results will be declared by June 30, 2026. Mr. B. Durga Prasad Rai has been appointed as the scrutinizer for the voting process.
Shareholders should participate in this e-voting as it involves monetization of company property and a related party transaction with a step-down subsidiary. This could impact the company's asset base and future revenue from property dealings.