Prozone Realty Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PROZONER · price
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Prozone Realty Limited has announced the results of its postal ballot conducted via remote e-voting between January 14 and February 12, 2026, with all three resolutions approved by shareholders. The first two ordinary resolutions — approving loans between related parties and corporate guarantee transactions between related parties — received 99.9964% votes in favour, with about 20.15% of outstanding shares participating (promoters were excluded from voting under SEBI Listing Regulation 23(4) as they are related parties). The third special resolution, seeking to raise the limits under Section 186 of the Companies Act for loans, investments, and guarantees, was passed with 99.9988% in favour, with 60.52% of outstanding shares voting (including 75.38% of promoter holdings). The scrutinizer, Vaibhav Dandawate of Makarand M. Joshi & Co., confirmed no invalid votes were cast and that all resolutions passed with the required majority.
Shareholders have cleared the way for the company to enter into related-party loans, issue corporate guarantees, and expand its Section 186 lending/investment limits. While the resolutions are largely governance housekeeping, the related-party items may attract minority shareholder attention; near-term stock impact is expected to be limited.