Servotech Renewable Power System Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
SERVOTECH · price
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Servotech Renewable Power System Limited announced the results of its postal ballot (e-voting held from July 2 to July 31, 2025), with all five special resolutions passed by overwhelming majority (over 99.8% votes in favour). The resolutions included regularization of three directors — Mr. Girish Kumar Ahuja (Non-Executive Independent Director, 99.998% favour), Mr. Digvijay Kapoor (Executive Director - HR, 99.86% favour), and Dr. Yogita Patra (Non-Executive Woman Independent Director, 99.998% favour). The remaining two resolutions authorized the Board to create charges on company assets up to Rs. 600 crores under Section 180(1)(a) (99.99% favour) and raise overall borrowings up to Rs. 600 crores under Section 180(1)(c) (100% favour). Voting was conducted via NSDL's e-voting platform among 206,312 shareholders on the record date of June 27, 2025, and results were declared on August 1, 2025.
Shareholders have approved a significant increase in the company's borrowing capacity (up to Rs. 600 crores), which signals potential plans for expansion, capex, or working capital needs. The board has also been strengthened with three new directors, including a woman independent director, improving governance. These approvals may support future growth initiatives, though higher borrowing limits could also raise debt-related risks.