Postal Ballot Result for Postal Ballot Notice dated March 01, 2025 seeking approval of the members for the resolution
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Remedium Lifecare Limited (BSE Scrip Code: 539561, formerly Roxy Exports Limited) has announced the results of a postal ballot conducted between March 2 and March 31, 2025, with results declared on April 2, 2025. The single ordinary resolution sought shareholders' approval to increase the company's authorized share capital and amend the Capital Clause of the Memorandum of Association accordingly. Out of 1,12,150 shareholders on record (as of February 28, 2025), 62,67,215 votes were polled, with 62,11,792 votes (99.12%) in favour and 55,423 votes (0.88%) against the resolution. Notably, no promoter group shares were voted, and the resolution passed with the requisite majority with zero invalid votes.
This is a routine administrative step to expand the company's authorized capital ceiling, providing flexibility for future fundraising, issuance of new shares, or stock splits. With overwhelming shareholder approval (99.12%), the move signals management's intent to potentially raise capital or accommodate equity-linked transactions soon, though no immediate dilution or fundraising is announced in this filing.