Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Postal Ballot Notice.
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Rajnish Wellness Ltd has issued a Postal Ballot Notice seeking shareholder approval to increase its Authorised Share Capital from ₹100 crore to ₹130 crore, by creating additional 30 crore equity shares of Re.1 each. The company stated the increase is needed to facilitate a future rights issue of equity shares and to meet operational requirements. The resolution will be passed via remote e-voting from May 20, 2025 to June 18, 2025, with the cut-off date set as May 16, 2025. The Board approved this proposal at its meeting held on May 16, 2025, and is now seeking member approval as a Special Resolution.
This is a preparatory step to enable a potential rights issue, which could lead to share dilution if and when the rights issue is launched. Shareholders should watch for the actual rights issue terms and pricing once announced.