In terms of regulation 44 of SEBI (LODR) Regulation, 2015, Please find enclosed herewith scrutinzers report on postal ballot through e voting on the special business.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pentokey Organy (India) Ltd conducted a postal ballot through e-voting to seek shareholder approval for altering the Object Clause of its Memorandum of Association. The e-voting window closed on May 15, 2025, and the result was declared on May 17, 2025. The special resolution was passed with 100% votes in favour, with no votes against. Out of 6,272,629 total outstanding shares, 4,664,538 shares (74.36%) were polled. Promoter group voted with 99.76% participation, all in favour, while public non-institutional holders had 6.07% participation, also all in favour. The alteration enables the company to add inorganic chemicals, including insecticides, fertilizers, pesticides, weedicides, fungicides, and petrochemicals, to its existing organic chemicals business scope. M/s Akshay Sharma & Associates served as the scrutinizer for the process.
This expansion of the company's objects clause allows Pentokey Organy to enter the inorganic chemicals and agrochemical segments, potentially diversifying revenue streams. For shareholders, this signals a strategic business expansion, though the actual impact on stock price will depend on execution of new business plans.