PNB GILTS LTD. has submitted the Exchange a copy Srutinizers report of Postal Ballot
PNBGILTS · price
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PNB Gilts Limited, a subsidiary of Punjab National Bank, has submitted the Scrutinizer's Report for a Postal Ballot held to seek shareholder approval for increasing the company's borrowing powers through a special resolution. The resolution was passed with overwhelming support — 99.99% of votes in favor, representing about 13.38 crore shares from 364 members. Only 45 members voted against, accounting for just 14,334 shares (0.01%). The e-voting period ran from May 22 to June 20, 2025, and the resolution is deemed to have been passed on June 20, 2025.
Shareholders have approved a higher borrowing ceiling for the company, giving management more flexibility to raise additional debt for business operations or growth. While this signals confidence in expansion plans, it also raises the scope for higher leverage in the future.