Intimation of Postal Ballot Minutes.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shipwaves Online Ltd conducted a postal ballot via remote e-voting between 4 February and 4 March 2026, with results declared on 6 March 2026. Only 13 out of 1,900 eligible shareholders participated, casting 2,80,000 votes. Three of the four resolutions were approved, including a Rs. 20 crore loan to its subsidiary Shipwaves Online LLC, a Rs. 10 crore material related-party transaction (RPT) framework with the same subsidiary for FY 2025-26 to FY 2027-28, and a Rs. 100 crore material RPT framework with Mukka Proteins Limited for the same period. The special resolution seeking shareholder approval under Section 185 to give loans, guarantees or security of up to Rs. 500 crore to subsidiaries, associates, joint ventures or group entities FAILED to get the required majority, with 80,000 votes against versus 2,00,000 in favour.
The rejection of the Rs. 500 crore Section 185 loan/guarantee resolution restricts the company's flexibility to fund subsidiaries and group entities without re-approaching shareholders, which could slow expansion plans. Approval of the Mukka Proteins RPT of up to Rs. 100 crore is material and shows continued inter-group dealing; investors should watch related-party disclosures. Very low shareholder participation (13 of 1,900) means a small group of shareholders effectively decided outcomes, which is a governance flag for retail investors to monitor.