Postal Ballot Notice of the Company.
Price
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Awaiting price reaction for this filing.
Puretrop Fruits Limited has sent a postal ballot notice to shareholders to approve two special resolutions through e-voting (open from 21 Jan 2026 to 19 Feb 2026). The first resolution seeks approval for a buyback of up to 11 lakh equity shares (13.80% of paid-up capital) at ₹200 per share, totaling up to ₹22 crore. The buyback will be done via the tender offer route through the stock exchange. The offer price represents a 27.51% premium over the 3-month volume-weighted average market price and a 23% premium over the closing price as of 6 January 2026. The second resolution seeks approval to appoint Ms. Dipti Motiani, daughter of Managing Director Mr. Ashok Motiani, as CEO for 5 years from 1 March 2026 at a basic salary of ₹10 lakh per month (capped at ₹12 lakh per month).
The buyback at ₹200 per share offers a meaningful premium to recent market prices, which is generally positive for shareholders as it reduces share count and returns surplus cash. The CEO appointment is a related-party decision involving the promoter family's family member, which shareholders should note when voting.