Kindly refer attached results & scrutinizer''s report of postal ballot by remote e-voting process
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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 announced the results of a postal ballot conducted through remote e-voting. A special resolution to vary the utilization of funds from a Preferential Issue was passed with overwhelming majority. Out of 28.34 million votes cast, 28.33 million (99.9997%) were in favour while only 71 votes were against. The voting period ran from April 1 to April 30, 2026, with 33,697 shareholders on the record date of March 27, 2026. Promoter and promoter group participation was 64.6% while public participation was 11.79%. The resolution was deemed passed on April 30, 2026.
The passing of this resolution allows the company to redirect funds from a preferential issue to a different use than originally intended. This could signal a shift in capital allocation strategy, though the specific new use of funds is not disclosed in this filing.