Outcome of Voting results of postal ballot along with Scrutinizer''s Report
SRGHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SRG Housing Finance Limited successfully completed a postal ballot voting process for two special resolutions. Resolution 1 sought approval to increase borrowing limits under Section 180(1)(C) of the Companies Act, 2013, and passed with 99.9998% approval (3,769,253 votes in favor vs. only 8 against). Resolution 2 approved creation of charges on company assets under Section 180(1)(A) to secure borrowings, passing with 99.9999% approval (3,769,256 votes in favor vs. 5 against). The voting took place from April 29 to May 28, 2026, with 2,615 shareholders eligible to vote. Turnout was 24% of outstanding shares, with promoters holding 37.36% participating and public non-institutions at 4.76% turnout.
Both resolutions passed with near-unanimous shareholder approval, giving the company flexibility to increase debt borrowings and create asset charges as security. This provides financial flexibility for future growth but increases leverage and encumbrance on company assets.