Super Spinning Mills Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "Notice of Postal Ballot / e-voting".
SUPERSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Super Spinning Mills has informed BSE and NSE that it completed the dispatch of a Postal Ballot Notice on June 23, 2025, via email to shareholders. Newspaper advertisements about the postal ballot were published on June 24, 2025 in Business Standard (English) and Malai Murasu (Tamil). The single resolution on the ballot is a Special Resolution seeking shareholder approval to sell, lease, or otherwise dispose of the land and building at 'Elgi Towers', Puliakulam Road, Coimbatore – 641045, which is the company's registered office. E-voting will be conducted through MUFG Intime's Instavote platform from 9:00 AM on June 24, 2025 to 5:00 PM on July 23, 2025, with a cut-off date of June 20, 2025. Mr. M D Selvaraj of MDS & Associates LLP has been appointed as the scrutinizer for the voting process.
This is a significant corporate action as the company is seeking shareholder consent to divest its registered office property at Elgi Towers. Shareholders of record as of June 20, 2025 must cast their votes before July 23, 2025. The outcome could unlock asset value but also signals the company may be relocating or monetising a key owned asset.