Submission of Postal Ballot Notice-Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
The company has issued a Postal Ballot Notice dated December 29, 2025, seeking shareholder approval through remote e-voting for three key corporate actions. The first item, requiring a Special Resolution, is a change in the company's name along with consequent amendments to the Memorandum of Association (MOA) and Articles of Association (AOA). The second item, an Ordinary Resolution, proposes a sub-division (stock split) of existing equity shares with corresponding changes to the capital clause of the MOA. The third item, also an Ordinary Resolution, seeks approval to increase the authorised share capital with similar MOA amendments. The e-voting window runs from January 7, 2026 (9:00 AM) to February 5, 2026 (5:00 PM), with January 2, 2026 as the cut-off date. NSDL will provide the e-voting platform.
If approved, the stock split will increase the number of outstanding shares and proportionally reduce the per-share price, potentially improving liquidity and retail affordability. The name change and authorised capital increase suggest strategic restructuring or repositioning. Shareholders should review the resolutions and cast their votes during the e-voting window ending February 5, 2026.