SEMAC CONSULTANTS LIMITED has informed the Exchange regarding Proceedings of Postal Ballot
SEMAC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Semac Consultants Limited (formerly Revathi Equipment Limited) has announced the results of its postal ballot conducted via remote e-voting. The sole resolution was to approve a change in the company's name along with corresponding changes to the Memorandum and Articles of Association, passed as a Special Resolution. Out of 6,193 eligible shareholders (as on the cut-off date of April 8, 2025), only 24 shareholders voted, representing 26,780 shares. Of these, 20 shareholders holding 26,754 shares (99.90%) voted in favour, while 4 shareholders holding 26 shares (0.10%) voted against. Notably, 5 promoter shareholders holding 19,59,286 equity shares did not participate in the voting. The Scrutinizer, Mr. Nitin Bhardwaj, confirmed the resolution was passed with the requisite majority on May 10, 2025.
The name change is now formally approved, and the company will move forward with altering its corporate identity, though the new name is not specified in this filing. For shareholders, this is largely a procedural/branding update, but retail investors should watch for the new name announcement and any associated corporate action implications. The fact that promoters did not vote despite holding a large stake (~19.59 lakh shares) is a minor governance flag worth noting.