Shareholder Meeting / Postal Ballot-Scrutinizer''s Reort
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Sprayking Limited (formerly Sprayking Agro Equipment Limited), a Jamnagar-based brass components manufacturer, has concluded a Postal Ballot process with all four ordinary resolutions passed with overwhelming shareholder approval. The resolutions approved include: (1) sub-division/stock split of equity shares, (2) alteration of the Capital Clause of the Memorandum of Association, (3) increase in authorised share capital with corresponding MOA amendment, and (4) further issue of equity shares on a rights basis. Total votes polled were approximately 4.02 crore shares (around 38% of the 10.57 crore total shares), with 99.71%–99.74% voting in favour across all resolutions. The Postal Ballot (remote e-voting) ran from June 27 to July 26, 2025, with the cut-off date being June 20, 2025. No invalid votes were recorded.
The approved stock split and authorised capital increase will enhance share liquidity and affordability, while the rights issue approval paves the way for the company to raise additional capital from existing shareholders. These corporate actions collectively signal upcoming changes to the share capital structure — investors should watch for announcements on the exact stock-split ratio, revised authorised capital figure, and rights-issue terms (price, ratio, record date).