Super Spinning Mills Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and voting results under reg.44 of SEBI (LODR) Regulations, 2015
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Super Spinning Mills Limited has announced the results of a postal ballot conducted via remote e-voting, which concluded on July 23, 2025. The single special resolution sought shareholder approval to sell, lease, or otherwise dispose of the land and building at 'Elgi Towers', Puliakulam Road, Coimbatore — the company's registered office. Out of 16,539 eligible shareholders, 69 participated with 2,37,33,419 valid votes; 63 members holding 2,37,32,527 shares voted in favour (100%), while only 6 members with 892 shares dissented. Public shareholders also approved the move overwhelmingly, with 99.90% in favour. The scrutinizer M D Selvaraj of MDS & Associates LLP confirmed the resolution was passed with the requisite majority. The Board declared the result on July 24, 2025.
Shareholders have cleared the company to monetise its registered office property, a significant real estate asset. This paves the way for potential cash inflow from the sale, though it also means relocation of the registered office. Watch for further disclosures on the transaction value and the buyer.