Rossell Techsys Limited has informed the Exchange regarding Notice of Postal Ballot
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Rossell Techsys Limited has issued a Postal Ballot Notice seeking shareholder approval to raise up to Rs. 300 crores through a Qualified Institutions Placement (QIP) by issuing equity shares and/or other eligible securities. The funds are intended for capital expenditure, working capital requirements, prepayment or repayment of debt, and general corporate purposes. The resolution will be passed as a Special Resolution, approved by the Board on November 1, 2025. E-voting begins on November 4, 2025 at 9:00 AM and ends on December 3, 2025 at 5:00 PM, with the cut-off date for eligibility set as October 31, 2025. Results will be declared on or before December 5, 2025, with NSDL providing the e-voting platform and Mr. Pramod S M appointed as the Scrutinizer.
If approved, the QIP will result in the issuance of new equity shares or convertible securities to qualified institutional buyers, leading to potential dilution of existing shareholders' holdings. The raised capital of up to Rs. 300 crores is expected to strengthen the company's balance sheet and support its growth and expansion plans, though the actual impact on stock price will depend on the issue price and the dilution percentage.