Kindly refer attached postal ballot outcome - voting results & scrutinizer''s report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oriental Rail Infrastructure Ltd has successfully passed a Special Resolution through postal ballot, allowing the company to vary the objects of utilisation of funds raised from a Preferential Issue. The resolution was approved with overwhelming majority of 99.9997%, with 28,336,772 votes in favour and only 71 votes against out of 28,336,843 total votes cast. The e-voting period ran from April 1 to April 30, 2026, with participation from 42.25% of total shares outstanding. Promoter group contributed 24,993,000 votes (64.6% of their holding), while public non-institutions contributed 3,343,772 votes (11.83% of their holding). The company now has flexibility to redirect funds from the preferential issue to different purposes than originally intended.
The passage of this resolution gives the company management greater flexibility in deploying capital from the preferential issue, which could positively impact operational efficiency if funds are redirected to more profitable uses. Shareholders approved the change with near-unanimous support, indicating confidence in management's revised utilization plan.