outcome of postal ballot
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Awaiting price reaction for this filing.
NTC Industries Limited has received shareholder approval via postal ballot (remote e-voting) to alter the object clause of its Memorandum of Association. The e-voting window ran from January 6, 2026 to February 4, 2026, with results declared on February 6, 2026. Out of 14,519,000 total shares, 7,924,816 shares (54.58%) were polled, and the resolution passed with near-unanimous support – 7,924,773 votes (99.9995%) in favour and just 43 votes against. Promoters voted 100% in favour, and public non-institutional shareholders also backed the change with 99.9988% approval. Scrutinizer Prachi Todi (Practicing Company Secretary) confirmed the resolution was passed with the requisite majority.
The alteration of the object clause gives the company legal flexibility to expand into new business areas or drop old ones, which could signal a strategic pivot or diversification. The overwhelming shareholder support means no governance friction, but the actual business impact depends on what new objects are being added (not detailed in this filing).