Enclosed Notice of Postal Ballot for name change of company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sugal & Damani Share Brokers Ltd (BSE Scrip Code: 511654) is seeking shareholder approval via postal ballot to change its name to 'Sugal Earthen Spaces Ventures Limited'. The company, originally incorporated in 1993 as Sugal & Damani Finlease Limited, adopted its current name in 2008 when it moved into share broking, and now operates in two segments — share broking and real estate. Management wants the new name to better reflect the company's diversified business, as the real estate segment has grown significantly and now accounts for over 50% of revenue and assets (certified by statutory auditor Diyali B & Associates). E-voting runs from March 10, 2026 (9:00 AM) to April 8, 2026 (5:00 PM), with results to be declared on or before April 10, 2026. The change requires a special resolution, and if approved, the company will apply for a fresh certificate of incorporation from the Registrar of Companies.
This is a branding/rebranding exercise and does not change the underlying business, financials, shareholding, or shareholder rights. The BSE scrip code (511654) and ISIN remain unchanged, and shares will continue to trade normally on the exchange. Minor one-time costs may be incurred for updating letterheads, signage, and statutory documents.