Notice of Postal Ballot
SHILPAMED · price
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Shilpa Medicare Limited has issued a Postal Ballot notice seeking shareholder approval to shift its registered office from Raichur, Karnataka to Andheri, Mumbai, Maharashtra. The resolution requires a Special Resolution passed through remote e-voting only (no physical postal ballot forms). Voting period runs from 24 May 2026 to 22 June 2026. The Board states the relocation is driven by business and administrative considerations, including better access to financial institutions, regulatory authorities, investors, and proximity to key customers and shareholders in Mumbai. The company has clarified that no employees will be retrenched due to the shift and this will not adversely affect any stakeholder interests.
This is an administrative relocation that does not directly impact the company's business operations or financials. However, the shift to Mumbai may improve investor visibility and access to capital markets. The stock is listed on BSE (530549) and NSE (SHILPAMED).