Nitiraj Engineers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
NITIRAJ · price
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Nitiraj Engineers Limited has submitted the voting results and Scrutinizer's Report for a Postal Ballot conducted between February 7, 2026 and March 9, 2026. The single Special Resolution sought shareholders' approval for deviation/variation in the utilization of proceeds from the company's public issue and approval of proposed deviation of unutilized issue expenses. Out of 3,985 shareholders as on the cut-off date (January 30, 2026), 27 members voted in favor with 79,12,760 shares (99.9999%) and 1 member voted against. The Scrutinizer, CA Yash H. Goyal, confirmed the Special Resolution was passed with the requisite majority (over 75% votes in favor).
Shareholders have approved the company's proposal to vary the use of public issue funds, meaning Nitiraj can now reallocate unutilized issue proceeds as planned. This is a procedural compliance outcome with no negative voting signal, but investors should review the revised fund utilization plan disclosed in the Postal Ballot notice to understand the change in deployment of IPO money.