Outcome of Postal Ballot
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitco Limited's shareholders have approved a material related party transaction with M/s. Authum Investment & Infrastructure Limited through postal ballot. The resolution was passed as an Ordinary Resolution on May 1, 2026, with overwhelming shareholder support. Out of 47,36,243 valid votes cast, 47,33,710 votes (99.95%) were in favor and only 2,533 votes (0.05%) were against. The company noted that promoters/promoter group are interested in this resolution. The e-voting period ran from April 2, 2026 to May 1, 2026, with 26,066 shareholders eligible to vote as of the record date of March 27, 2026. Total voter participation was low at approximately 1.97% of outstanding shares.
The approval of this related party transaction with Authum Investment & Infrastructure Limited enables the company to enter into significant business dealings with an associated entity. Shareholders should monitor future disclosures for transaction values and terms, as related party transactions require ongoing scrutiny. The near-unanimous approval (99.95%) suggests strong shareholder confidence despite the inherent conflict of interest.