Announced Mon, 6 Jul · 18:39 IST
Postal Ballot Results: Related Party Transaction Approved
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹879.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.3+1.0+2.6-0.7+2.2+2.5+1.1———
Up moveDown movePending
AI summary
Sobhagya Mercantile shareholders approved a Material Related Party Transaction with MKS Constro-Venture Pvt Ltd via postal ballot. Of 1,359 total shareholders, only 21 public shareholders voted, covering 579,258 shares. Promoters holding about 62.99 lakh shares abstained as they are interested parties. The ordinary resolution passed with 99.9984 percent in favor (only 9 votes against).
Likely market impact
Routine related party deal cleared by shareholders. Promoters abstained from voting as interested parties. Low public participation noted.