Postal ballot for sale of undertaking worth about Rs 17 crore
SRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Ram Proteins is seeking shareholder approval via postal ballot (e-voting Aug 11 to Sep 9, 2026) to sell or lease its entire undertaking, including land at Bhunava, Gondal, Gujarat, for about Rs 17 crore. Proceeds will go to working capital, debt repayment, and general corporate purposes. This is a re-submission as an earlier sale to related party Sova Agrotech could not be executed. Buyer is not yet identified. Special resolution required under Section 180(1)(a), and under SEBI Regulation 37A, public shareholders must vote in favour.
Significant asset sale worth Rs 17 crore. Outcome depends on public shareholder vote. If approved, boosts liquidity for debt repayment and operations.