Spacenet Enterprises India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SPCENET · price
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Spacenet Enterprises India Limited has submitted the Scrutinizer's Report on its Postal Ballot (conducted via CDSL e-voting from 14th May to 12th June 2026), with all four resolutions passed by shareholders with overwhelming majority. Resolution 1 (Special) to alter the Object Clause of the MoA passed with 100% votes in favour (26.75 crore shares). Resolution 2 (Ordinary) to increase the Authorised Share Capital passed with 99.99% support. Resolution 3 (Special) to issue equity shares or other eligible securities through modes including Private Placement or Qualified Institutions Placement (QIP) passed with 99.98% approval. Resolution 4 (Special) to appoint Mr. Deenadayal Tripurasetty (DIN: 10200896) as a Non-Executive & Independent Director also passed with 99.98% support. Opposition on each resolution was negligible (well under 0.05%).
Shareholders have cleared the way for a potential fund-raising exercise via QIP or private placement, along with a higher authorised share capital ceiling, an expansion of the company's business objects, and a new independent director joining the board. This is a significant enabling step that could lead to dilution and fresh capital infusion in the coming months — investors should watch for the actual size and pricing of any future share issuance.