Rhetan TMT Limited has informed the Exchange regarding Outcome of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RHETAN · price
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Rhetan TMT Limited conducted a Postal Ballot through remote e-voting, which concluded on 18th March 2026, to seek shareholder approval for a Special Resolution to alter (add to) the Object Clause of the Memorandum of Association. Out of 80,653 total shareholders, votes were polled on 542,062,995 shares, representing 68.02% of the total 796,875,000 outstanding shares. The resolution was passed with overwhelming support, with 542,062,245 votes (99.9999%) in favor and just 750 votes (0.0001%) against. Promoters, holding 495,000,000 shares, voted 100% in favor, while public non-institutions polled 46,867,863 shares with 99.9984% in favor.
This is a routine corporate housekeeping resolution that expands the company's permitted business activities under its MOA, giving it flexibility to diversify or enter new lines of business in the future. The near-unanimous approval indicates strong shareholder support, with no meaningful dissent, and is unlikely to have a material impact on the stock price in the short term.