Enclosed herewith Newspaper Publication - Postal Ballot Notice
SCANSTL · price
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Scan Steels Limited has published its Postal Ballot Notice in Financial Express (English) and Pratahkal (Marathi) on April 15, 2025, seeking shareholder approval on two key matters. The first is an Ordinary Resolution to alter the Authorised Share Capital of the Company. The second is a Special Resolution for the issuance and allotment of 20,42,133 Optionally Convertible Redeemable Preference Shares (OCRPS) on a private placement basis. The Postal Ballot Notice was dispatched electronically on April 14, 2025, with the cut-off date for eligible shareholders set as April 19, 2025. Remote e-voting through CDSL is open from 9:00 AM on April 15, 2025, to 5:00 PM on May 14, 2025, and results will be announced by May 18, 2025.
Eligible shareholders should review the Postal Ballot Notice and cast their vote before May 14, 2025. The proposed capital alteration and private placement of OCRPS could affect existing shareholding patterns and warrants attention from investors.