Newspaper Advertisment for Notice of Postal Ballot and E-Voting information.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Puretrop Fruits Limited (formerly Freshtrop Fruits Limited) has sent a Postal Ballot notice to shareholders for voting on two special resolutions via e-voting. The first resolution proposes a buyback of up to 11,00,000 fully paid-up equity shares (13.80% of total shares) at Rs. 200 per share, for a maximum aggregate consideration of Rs. 22 crore, to be executed through the tender offer route on the stock exchange. The second resolution seeks approval to appoint Ms. Dipti Motiani as Chief Executive Officer for a 5-year term effective March 1, 2026; she is the daughter of the current Managing Director Mr. Ashok Motiani and Whole-time Director Mrs. Nanita Motiani. The cut-off date for eligibility is January 9, 2026, with e-voting open from January 21, 2026 to February 19, 2026, and results expected by February 20, 2026.
The buyback at Rs. 200 per share could provide price support and return up to Rs. 22 crore to shareholders, but it also reduces company cash reserves. The CEO appointment from the promoter family indicates continuity of family management, which shareholders will need to evaluate.