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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sealmatic India Limited (BSE: 543782, listed on SME platform) has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for three key resolutions. Resolution 1 is an Ordinary Resolution to increase the Authorised Share Capital from ₹10 crore (1 crore equity shares of ₹10 each) to ₹12.5 crore (1.25 crore equity shares of ₹10 each), with a corresponding amendment to the MOA. Resolution 2 is an Ordinary Resolution to issue Bonus Shares in the ratio of 2:10, i.e., 2 fully paid-up equity shares for every 10 existing shares, to be capitalised from free reserves and/or securities premium account. Resolution 3 is a Special Resolution to vary the terms of objects of the original IPO (prospectus dated 23rd February 2023) regarding utilisation of issue proceeds. E-voting opens on October 8, 2025 and closes on November 6, 2025, with results to be declared within 2 working days thereafter.
If approved, the bonus issue of 2 shares for every 10 held (20% bonus) is shareholder-friendly and will increase the share count and liquidity, though the share price typically adjusts downward proportionally. The authorised capital hike is primarily to accommodate the bonus issue. The variation of IPO object clause is a notable watch-out item, as it signals the company may redeploy unused IPO funds for purposes different from what was originally promised to investors at the time of listing.