Ritco Logistics Limited has informed the Exchange about Copy of Newspaper Publication regarding Voting Result of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ritco Logistics Limited has submitted copies of newspaper advertisements published in Financial Express (English) and Jansatta (Hindi) regarding the voting results of its Postal Ballot, as required under SEBI Listing Regulations. The Postal Ballot covered one resolution: the Alteration of the Object Clause of the Memorandum of Association of the Company. Out of 2,83,22,757 total shares as on the cut-off date, 1,84,89,706 votes (99.997%) were cast in favor of the resolution, while only 560 votes (0.003%) were cast against. The resolution was declared as passed with overwhelming shareholder support.
This is a procedural compliance filing, but the underlying approval is meaningful: changing the Object Clause gives the company flexibility to diversify into new business areas beyond its current logistics operations. Shareholders have given near-unanimous backing, indicating strong support for potential future expansion plans.