Outcome of the Postal Ballot Notice dated 18th February, 2026 along with the Voting Result of the Postal Ballot and Consolidated Scruitnizer''s Report for the same.
Awaiting price reaction for this filing.
Avishkar Infra Realty Limited (formerly Joy Realty Limited) conducted a Postal Ballot where shareholders approved a Special Resolution to enhance the company's overall limits for inter-corporate loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013, up to ₹100 crore. The voting period ran from February 19, 2026 to March 20, 2026, via NSDL's remote e-voting platform. Out of 1,898 total shareholders holding 2.24 crore shares, 10,073,458 votes were polled (44.96% of outstanding shares), with 99.9999% voting in favour and only 6 votes against. Promoter group (holding 67.86% of their shares) and public non-institutional shareholders both voted overwhelmingly in favour. The resolution was declared passed, and scrutinizer Megha Kamal Samdani of M K Samdani & Co. certified the results.
Shareholders have given the company board broader authority to deploy up to ₹100 crore into loans, investments, and guarantees, which could enable future expansion or financial support to other entities. Since promoters were declared interested in this resolution, retail investors should note potential related-party implications, though the near-unanimous approval suggests limited shareholder concern.