Voting Results of Postal Ballot through E-Voting
SINGERIND · price
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Awaiting price reaction for this filing.
Singer India Ltd announced the results of a postal ballot conducted via e-voting that concluded on December 12, 2025. The special resolution sought approval for issuing up to 5,65,397 equity shares on a preferential basis to an entity belonging to the 'Non-Promoter' category. Out of 145 members who voted with a total of 2,54,83,758 valid votes, 98.15% voted in favour (2,50,11,581 votes) while only 1.85% voted against (4,72,177 votes). The promoter and promoter group, holding 1,89,67,940 shares, voted 100% in favour. The resolution has been deemed duly passed with the requisite majority.
The approval paves the way for Singer India to allot up to 5,65,397 fresh equity shares to a non-promoter entity, which will result in dilution of existing shareholders and a change in the shareholding pattern. The identity of the allottee entity and the issue price were not disclosed in this filing, which may raise questions about the valuation and strategic intent behind the preferential allotment.