Megasoft Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot-Disclosure of Voting Results under Regulation 44 (3) of the SEBI (Listing Obligations and Disclosure Requirements) 2015 & Scrutinizer Report on remote e-voting for the Postal Ballot Notice dated July 7, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Megasoft Limited has disclosed the voting results of a postal ballot conducted via remote e-voting from July 8, 2025 to August 6, 2025. The single special resolution sought shareholders' approval to sell, transfer, or otherwise dispose of the whole or substantially the whole of an undertaking of the company. Out of 33,379 shareholders, 30,148,808 shares (about 40.87% of outstanding shares) were polled, with 99.87% voting in favor and just 0.13% against. Promoters fully supported the resolution with 100% of their 25,873,115 shares voted in favor, and promoters declared no conflict of interest in the matter. The scrutinizer, M. Damodaran of M Damodaran & Associates LLP, confirmed the resolution was passed with the requisite majority as a Special Resolution.
Shareholders have approved a significant corporate action — the potential sale or disposal of a major part of the company's business. This could lead to a change in the company's business profile, potentially affecting future revenues and valuation. Investors should watch for further announcements detailing the specific undertaking being divested, the consideration involved, and how the proceeds will be used.