Postal ballot result: Nitco Kanjurmarg property monetization approved

Board & Shareholder Meetings View source PDF

NITCO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+4.7%1-day move

₹106.97

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₹107.40

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AI summary

Nitco shareholders approved a special resolution to monetize the company's immovable property at Kanjurmarg, Mumbai by entering a conveyance deed with R Siddhatva Developers, a step-down subsidiary of Runwal Construction. 99.9979 percent of votes were in favor (16.57 crore votes) versus just 3,433 against. Promoters and institutional public investors voted 100 percent in favor. Postal ballot voting closed on June 27, 2026.

Likely market impact

Shareholders cleared monetization of Kanjurmarg property to a Runwal group entity, which may unlock real estate value for the company.