Super Spinning Mills Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
SUPERSPIN · price
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Super Spinning Mills Limited has submitted the voting results of its postal ballot concluded on March 7, 2026. The single special resolution sought shareholder approval under Section 180(1)(a) of the Companies Act, 2013, to enter into joint development, sell, or otherwise dispose of certain immovable properties (land and buildings), specifically the Super B Unit-Quarters Premises at Kotnur Village, Hindupur Mandal, Sri Sathya Sai District, Andhra Pradesh. Out of 16,100 shareholders on the cut-off date, 53 members cast valid votes representing 2,32,87,400 shares, with 49 members voting in favour (2,32,87,228 shares, 100%) and only 4 members voting against (172 shares). Public shareholders also approved the resolution overwhelmingly, with 99.94% of public votes cast in favour. The resolution has been declared as passed with requisite majority.
Shareholders have approved the company's plan to sell or jointly develop specific immovable properties in Andhra Pradesh. This clears the way for the company to monetize these real estate assets, which could unlock value or generate cash for the business. The near-unanimous approval signals strong shareholder confidence in the disposal decision.