Postal ballot: 100% approval for 7 lakh convertible warrants at Rs 400 each
PELATRO · price
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Pelatro Limited's postal ballot concluded on October 21, 2026. The sole special resolution for issuing 7,00,000 convertible share warrants at Rs 400 each on a preferential basis was passed with 100% votes in favor. 32 members voted, casting 64,97,890 valid votes. No votes were cast against or declared invalid. Voting ran from September 22 to October 21, 2026, via NSDL e-voting. Total shareholders on record date were 1,040.
Preferential issue of warrants will dilute existing shareholders if converted. 100% approval shows strong shareholder backing for the planned fund raise.