Sarveshwar Foods Limited has informed the Exchange regarding Proceedings of Postal Ballot.
SARVESHWAR · price
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Sarveshwar Foods Limited has informed the exchanges about the completion of a postal ballot conducted via remote e-voting between May 22 and June 20, 2025. Two resolutions were put to shareholders, and both were passed with the requisite majority. Resolution 1 was an Ordinary Resolution to increase the Authorised Share Capital of the company and make corresponding changes to the Capital Clause of the Memorandum of Association. Resolution 2 was a Special Resolution to approve the payment of remuneration to Mr Rohit Gupta (DIN: 02715232), a Non-Executive Director of the company. Mr Suresh Kumar Pillay, Practicing Company Secretary, acted as the Scrutinizer and confirmed that the voting process was conducted in a fair and transparent manner. The results were taken on record on June 21, 2025.
The increase in authorised share capital does not immediately dilute existing shareholders but gives the company flexibility to issue more shares in the future, which could lead to dilution down the line. Approval of remuneration for a Non-Executive Director is a routine governance matter and signals compliance with shareholder approval requirements for director pay.