Submission of Postal Ballot Voting Results and Scrutinizers Report
SHILCTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shilchar Technologies conducted a postal ballot (remote e-voting from April 23 to May 22, 2025) seeking shareholder approval for the issue of bonus shares. Out of 37,612 shareholders on the cut-off date (April 18, 2025), 122 members cast votes, with 4,917,544 total shares voted. The resolution was passed with overwhelming support — 99.999% of votes (4,917,484 shares) in favour and just 60 shares against (0.001%). The scrutinizer (Kashyap Shah, Practising Company Secretary) has confirmed the results. The specific bonus ratio is not disclosed in this filing.
Shareholders have approved the bonus share issuance, which is generally viewed positively as it rewards existing holders by increasing share count at no extra cost. However, the exact bonus ratio is not mentioned in this document, so the precise dilution/scalability of the benefit is unclear. Watch for a follow-up announcement specifying the ratio and record date.