Kindly refer attached Postal ballot outcome - Voting results & Scrutinizers report
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▲ 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 voting, allowing the company to change the utilization of funds raised from a Preferential Issue. The resolution received overwhelming shareholder approval with 99.9997% votes in favor (28,336,772 votes) and only 71 votes against out of 28,336,843 total votes cast. The voting period ran from April 01, 2026 to April 30, 2026, with the resolution deemed passed on the last date specified. Scrutinizer Mr. Shiv Hari Jalan confirmed the results on May 02, 2026. The change in fund utilization applies to capital previously raised through a preferential allotment mechanism.
Shareholders have approved reallocation of funds from the original preferential issue, giving management flexibility to deploy capital differently than originally intended. This is a routine corporate governance approval with no immediate negative implications for minority shareholders given the near-unanimous approval.