Announced Mon, 29 Jun · 15:07 IST
Postal ballot approves sale of company land with 99.70% majority
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹12.62
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4+1.8-0.1+2.1+1.3-1.8-3.2———
Up moveDown movePending
AI summary
Rasi Electrodes shareholders approved a Special Resolution by postal ballot through e-voting to sell or dispose of unencumbered company land. Voting closed June 27, 2026. Total 81.10 lakh votes polled; promoters voted 100% in favour (70.58 lakh shares), public non-institutions voted 97.67% in favour and 2.33% against. Resolution passed with 99.70% majority. Scrutinised by Practicing Company Secretary Gopikrishnan Madanagopal.
Likely market impact
Board now has shareholder approval to monetise surplus land. Watch for sale deal announcement and details on use of proceeds. Minimal public dissent.