Remsons Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
REMSONSIND · price
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Remsons Industries Limited has declared results of a postal ballot held in May 2026, with all three special resolutions passed by shareholders. Three resolutions were approved: (1) creation of mortgage/charge on assets under Section 180(1)(a), (2) borrowing of funds under Section 180(1)(c), and (3) making investments, loans or providing guarantees under Section 186 of the Companies Act, 2013. Of 34.88 million total shares, 21.60 million votes (61.94% turnout) were cast, with nearly 99.999% voting in favour across all resolutions. Promoters held 23.1 million shares and voted 100% in favour. The scrutinizer's report confirms no invalid votes and no promoter interest in any resolution. Results are effective from 8th May 2026.
Shareholders have granted the company expanded financial powers including asset mortgaging, borrowing limits, and investment authority. This provides operational flexibility for future funding and business expansion without immediate shareholder approval. The near-unanimous approval signals strong promoter and public shareholder support.