Sejal Glass Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
SEJALLTD · price
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Sejal Glass Limited announced the results of its postal ballot conducted via remote e-voting from March 13, 2025 to April 11, 2025. Two resolutions were put to vote. Resolution 1, an Ordinary Resolution to approve the limits of related party transactions, was passed with 99.9995% votes in favour (436,309 shares out of 436,311 valid votes). Promoter group did not vote on this resolution as they are interested parties. Resolution 2, a Special Resolution to obtain approval to advance loans, give guarantees, or provide security under Section 185 of the Companies Act, 2013, was passed with 99.99997% votes in favour (7,961,240 shares out of 7,961,242 valid votes), with promoter group voting 100% in favour. Both resolutions received near-unanimous support from all categories of shareholders who participated.
Shareholders have approved expanded powers for the company to enter into related party transactions and to provide loans, guarantees, or security under Section 185. The Section 185 approval gives the company greater financial flexibility, though it also warrants monitoring of how these powers are used, given that promoters are interested parties in related party dealings.