Scrutinizer Report on Remote E voting through postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Phaarmasia Ltd has announced the results of its postal ballot (remote e-voting) conducted between September 13 and October 12, 2025. The single special resolution pertained to the sale of land and building owned by the company, classified as a substantial undertaking. Of the 20,567 shareholders on record as of September 5, 2025, the promoter group holding 5,018,732 shares voted 100% in favour (2 shareholders). Public non-institutions polled 268,464 out of 1,804,268 shares (14.88% turnout), with 84.77% voting in favour and 15.23% against. Overall, 99.23% of valid votes were in favour (5,246,316 votes) versus just 0.77% against (40,880 votes). The scrutinizer, NVSS Suryanarayana Rao (Practicing Company Secretary), confirmed the special resolution was passed with the requisite majority.
Shareholders have approved a significant asset sale — the land and building classified as a substantial undertaking. The overwhelming majority (99.23%) in favour, including full promoter support, signals management and controlling shareholder backing for the divestment. Investors should watch for further disclosures on sale price, buyer, and use of proceeds, which could materially affect the company's balance sheet and future operations.