Radiant Cash Management Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
RADIANTCMS · price
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Radiant Cash Management Services Limited announced that all 7 resolutions in its postal ballot were passed by shareholders with the requisite majority. The resolutions cover: (1) increase in overall borrowing limits under Section 180(1)(c), (2) increase in limits for securitization/direct assignment and creating charges on assets, (3 & 4) appointment of Mr. Alexander David (DIN: 08259288) as Director and Whole-time Director for 5 years (May 23, 2025 to May 22, 2030) with remuneration, (5) alteration of Articles of Association, (6) authorization to advance loans under Section 185, and (7) approval of material related party transactions with Aceware Fintech Services Private Limited for FY 2025-26 to FY 2026-27. Voting was held via remote e-voting from May 29 to June 27, 2025. All resolutions received over 97% approval, with the related party transaction getting the lowest at 97.76% (promoters abstained).
Shareholders have given the company expanded borrowing capacity and a new Whole-time Director for 5 years, signalling confidence in management's growth plans. The clear approval of related party transactions with Aceware Fintech Services enables operational flexibility for FY 2025-26 and 2026-27. Overall, this is a procedural clearance that strengthens the board's ability to raise funds and execute strategy, with no material negative signal for shareholders.