Approval of Postal Ballot Notice for entering into related party Transaction
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The Board of Spice Islands Industries has approved a Postal Ballot Notice to seek shareholders' approval for three related party transactions — with Ladhukara Trust, Ferry Automotive Private Limited, and Chapra Capital Ventures Private Limited. The company has set April 25, 2025 as the cut-off date to identify eligible shareholders for voting. Mr. Alok Khairwar has been appointed as Scrutinizer, and MUFG Intime India Pvt. Ltd. will provide the e-voting platform. The full Postal Ballot Notice will be shared with shareholders and the exchanges shortly.
This is a procedural step requiring shareholder approval for related party deals. The actual financial details and impact on the company will only be clear once the Postal Ballot Notice is issued and reviewed.