Sarla Performance Fibers Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
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Sarla Performance Fibers Limited has informed the stock exchanges about the outcome of a postal ballot conducted via remote e-voting between February 12, 2026 and March 13, 2026. Two special resolutions were put to shareholders: (1) approval for creation of charge/security on the company's assets, and (2) approval for increase in the overall borrowing limits of the company under Section 180(1)(c) of the Companies Act, 2013. Out of 35,981 shareholders holding 8,35,03,000 equity shares, 169 shareholders representing 5,96,52,346 shares (71.44% of total) cast their votes. Both resolutions were passed with overwhelming majority — over 99.99% votes in favour, with less than 0.01% dissenting. The scrutinizer, Ms. Vyoma Desai of M/s. Abbas Lakdawalla & Associates LLP, has confirmed both resolutions were passed with the requisite majority on March 13, 2026.
These approvals give the company flexibility to raise additional debt and pledge its assets as security, which could signal plans for capacity expansion, working capital needs, or refinancing. Near-unanimous shareholder approval reflects strong support for management's borrowing strategy, though the actual amount and purpose of the increased borrowings have not been disclosed in this filing.