Nitco Limited has informed the Exchange about notice of postal ballot & Intimation of remote E-voting information
NITCO · price
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Nitco Limited has dispatched a postal ballot notice to shareholders seeking approval via remote e-voting for a Special Resolution. The resolution pertains to mortgaging or creating a charge on the Company's immovable property located at Kanjurmarg, Mumbai, and entering into a conveyance deed or agreement with M/s R Siddhatva Developers Private Limited, a step-down subsidiary of M/s Rutuja Construction Private Limited. The e-voting period commenced on May 28, 2026 at 9:00 AM and will close on June 27, 2026 at 5:00 PM IST. The cut-off date for determining eligible voters was May 15, 2026. The Company has engaged NSDL to provide e-voting facilities, and the results will be declared by June 30, 2026.
Shareholders should cast their votes before the deadline as this resolution involves creating a charge on company property and entering into a related party transaction with a subsidiary. Approval is required by a special resolution (75% threshold).