Announced Fri, 10 Jul · 17:42 IST
Postal Ballot: Object Clause Alteration Passed With 99.96% Majority
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹27.78
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.4-1.4+3.9-1.3+1.1-2.8————
Up moveDown movePending
AI summary
The company passed a special resolution through postal ballot to alter the object clause of its Memorandum of Association. Of 51,03,000 total equity shares, 5,72,721 shares (11.22%) were voted; 5,72,512 (99.96%) in favour and 209 (0.04%) against. 59 shareholders participated. Scrutinizer Rohit Bhatia confirmed the resolution was passed. Promoters had no interest in the resolution. Remote e-voting was conducted through CDSL from 10 June to 9 July 2026.
Likely market impact
Changing the object clause allows the company to expand into new business areas. Overwhelming shareholder approval with near-unanimous support.