Prozone Realty Limited has informed the Exchange regarding Outcome of Postal Ballot
PROZONER · price
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Prozone Realty Limited informed the stock exchanges on February 12, 2026, that shareholders have approved all three resolutions put to vote through a postal ballot conducted via remote e-voting. The first two resolutions (ordinary resolutions) allow the company to give or take loans between related parties and to enter into corporate guarantee transactions among related parties. The third resolution, passed as a special resolution, raises the statutory ceiling under Section 186 of the Companies Act, 2013 for extending loans, making investments, and issuing guarantees or security. The announcement is based on the Scrutinizer's Report dated February 12, 2026, but does not disclose the actual vote counts or approval percentages.
Shareholders have given the company broader freedom to transact with related parties and to deploy capital through loans, investments, and guarantees beyond earlier caps, which may increase intra-group financial activity but also warrants investor attention to related-party governance and potential conflicts of interest.