Postal Ballot Results: Shareholders Approve 4 Key Resolutions

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SEPC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

SEPC Limited's postal ballot (ended Aug 5, 2026) saw shareholders approve all 4 resolutions with strong majority. Key items: (1) Increase in Authorised Share Capital, (2) Higher threshold for loans, guarantees and investments under Section 186, (3) Issuance of equity shares via share-swap to acquire Avenir International Engineers and Consultants LLC, Abu Dhabi on a preferential basis, and (4) Increase in overall borrowing limit under Section 180(1)(c). Approval ranged from 96.50% to 98.99%. About 663 of 3,22,792 shareholders voted.

Likely market impact

Approval paves way for equity dilution via share-swap acquisition of Avenir LLC Abu Dhabi and higher borrowing capacity. Watch for share issuance terms.