Filing of Voting result along with scrutinizer report on the Postal Ballot conducted by the company
SALZERELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Salzer Electronics conducted a Postal Ballot via remote e-voting from April 7, 2025 to May 6, 2025, with results declared on May 7, 2025. Two special resolutions were put to shareholders: (1) approval to increase the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and (2) approval to create mortgage/charge on movable and/or immovable properties under Section 180(1)(a). Both resolutions passed with near-unanimous support — over 99.99% of votes cast in favour on each. Of the 49,630 shareholders on record, 205 voted, representing 41.72% of total outstanding shares by voting. The promoter group (holding ~37.5% of equity) voted 100% in favour, and dissent from public shareholders was negligible (just 427 and 444 votes against, respectively).
The approvals give Salzer Electronics significantly greater flexibility to raise additional debt and pledge company assets as security, which could support future expansion, capex, or working capital needs. The near-unanimous shareholder backing, including full promoter support, signals strong confidence in the management's capital-raising plans with minimal expected disruption to the stock.