Postal ballot results: 3 resolutions passed including LSP business sale and IPO fund variation
MOBIKWIK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
One Mobikwik Systems Limited got shareholder approval via postal ballot (remote e-voting from June 3 to July 2, 2026) for 3 special resolutions. (1) Alteration in object clause of MOA: passed with 99.98 percent votes in favour. (2) Sale and transfer of Lending Services Provider Business to wholly owned subsidiary Mobikwik Distribution Services on slump sale basis: passed with 99.98 percent in favour. (3) Variation in objects and terms of IPO proceeds utilisation plus time limit extension: passed with 99.86 percent in favour, with 91.81 percent of voting shareholders approving. About 50 percent of total shares were polled.
Lending business moves to wholly owned subsidiary; IPO fund usage gets time extension. All 3 resolutions passed with overwhelming shareholder support.