Resolution passed by the shareholders with requisite majority
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Paradeep Parivahan Ltd (BSE SME, scrip 544383) announced that shareholders approved a special resolution via postal ballot (remote e-voting) to alter the Memorandum of Association to add new business activities under the main object clause. The e-voting window ran from July 14, 2025 to August 12, 2025, with a record date of July 04, 2025 when the company had 934 equity shareholders. Out of 1.59 crore total outstanding shares, 1.05 crore shares (66.05%) were polled, and every single vote (100%) was cast in favour — zero votes against. Promoter and promoter group voted 100% of their 1.05 crore shares in favour, while public non-institutional holders turned out only 0.32% of their holdings (14,440 shares), also unanimously in favour. Scrutinizer Sunita Jyotirmoy & Associates confirmed the resolution was passed with the requisite majority on August 13, 2025.
The amendment gives the company legal headroom to enter new business areas beyond its current logistics/parivahan operations, which could unlock future revenue diversification. Unanimous approval and full promoter backing signal strong internal confidence, though the very thin public participation (under 1% of non-promoter holdings voted) means the mandate is largely promoter-driven.