Enclosed herewith Newspaper Publication - Postal Ballot Notice
SCANSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Scan Steels Ltd has published its Postal Ballot Notice in Financial Express (English) and Pratahkal (Marathi) on April 15, 2025, informing shareholders of two key resolutions. Resolution 1 (Ordinary) seeks approval for alteration in the Authorised Share Capital of the Company. Resolution 2 (Special) seeks approval for issuance and allotment of 20,42,133 Optionally Convertible Redeemable Preference Shares (OCRPS) on a private placement basis. The company has dispatched the notice via email only on April 14, 2025, to members whose email IDs are registered with the company/depositories as of the cut-off date of April 19, 2025. E-voting will be conducted through CDSL from April 15, 2025 (9:00 AM) to May 14, 2025 (5:00 PM), with results announced on or before May 18, 2025. CS Abhijit Jain has been appointed as the Scrutinizer for the process.
Shareholders should note these are significant corporate actions — changing authorized capital and issuing preference shares privately could dilute equity or alter capital structure. Existing shareholders should review the resolutions and vote during the e-voting window if they wish to influence the outcome.