Please find attached the outcome of Postal ballot together with the Scrutinizer''s report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pankaj Polymers Limited has announced the results of its postal ballot conducted via remote e-voting between July 2 and July 31, 2025. Two resolutions were put to vote: (1) a Special Resolution for sale of the company's office premises as a related party transaction under Sections 180 and 188 of the Companies Act, and (2) an Ordinary Resolution for approving a related party transaction with M/s. Pankaj Infra and Developers under Section 188. Both resolutions were approved with overwhelming majority, receiving 99.86% votes in favour (165,696 shares) and only 0.14% against (240 shares) out of 165,936 total shares polled, representing 2.99% of outstanding shares. Notably, promoters holding 32,23,627 shares did not participate in voting. Out of 2,533 total shareholders, only 80 voted, with 74 in favour and 5 against for each resolution.
The successful postal ballot clears the way for the company to monetize its office premises and formalize transactions with related entity Pankaj Infra and Developers. While the voting turnout was low and promoters abstained, the near-unanimous approval from participating shareholders suggests minimal controversy around these related party deals. Shareholders should monitor the financial terms of the office sale and the Pankaj Infra transaction for fairness.