Submission of Voting Results and Scrutinizers Report on Postal Ballot
SHILCTECH · price
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Awaiting price reaction for this filing.
Shilchar Technologies has submitted the voting results and scrutinizer's report on its postal ballot notice dated April 21, 2025. The single resolution on the agenda was the 'Issue of Bonus Shares' passed as an Ordinary Resolution. Voting was conducted via remote e-voting from April 23, 2025 to May 22, 2025. Out of 37,612 shareholders on the cut-off date, 122 members voted, casting 4,917,444 votes in favor (99.999%) and just 60 votes against (0.001%). The resolution was therefore approved with overwhelming majority. The scrutinizer's report was issued by Kashyap Shah & Co., Practising Company Secretaries.
Shareholders have formally approved the bonus share issuance, which is a positive signal reflecting management confidence and rewards existing shareholders. The specific bonus ratio was not disclosed in this filing, so the exact impact on share count and price remains pending further announcement.