Postal ballot completed on issuing 38.5 lakh convertible warrants to promoter group

Board & Shareholder Meetings View source PDF

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+2.6%1-day move

₹255.12

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₹259.00

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AI summary

Postal ballot was conducted via remote e-voting from 5 June to 4 July 2026 on a single special resolution to issue up to 38,50,000 (38.5 lakh) fully convertible warrants to an entity belonging to the promoter and promoter group on a preferential basis. Voting has concluded and the results with the scrutinizer report from DPV and Associates will be filed with stock exchanges shortly and posted on the company website.

Likely market impact

If approved, promoter group stake will rise via convertible warrants, causing potential dilution for existing public shareholders.