Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit notice of postal ballot dated 29.05.2026 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Riddhi Siddhi Gluco Biols has sent out a postal ballot notice to shareholders seeking approval for two special resolutions via remote e-voting (June 4 to July 3, 2026). Resolution 1 seeks approval to shift the registered office from Gujarat (Ahmedabad) to Haryana (Yamunanagar) and amend the MOA accordingly. Resolution 2 seeks to alter the Main Object Clause of the MOA to enable expansion into corn milling, starches, dextrose monohydrate, dextrose anhydrous, sorbitol, and related products. The company has recently acquired a 3 lakh MT corn milling plant from Cargill India in Davangere, Karnataka, and wants to broaden its business scope. The move to Haryana is linked to operational integration with its principal group company, Bluecraft Agro Private Limited, which has its largest manufacturing facility there.
Both items require special resolution approval (75% majority), so shareholder support is critical. If passed, the company will gain a sharper strategic alignment with its group's corn processing operations in Haryana and unlock growth in the starch and dextrose segments, potentially expanding revenue streams but also bringing execution risk on a newly acquired large asset.