Surana Telecom and Power Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Surana Telecom and Power Limited announced the results of its postal ballot concluded on April 30, 2025. All four resolutions were passed with overwhelming shareholder support (over 99.99% in favor). Key approvals include: (1) Appointment of Shri. Advait Surana (DIN: 08971109) as Non-executive Non-Independent Director (Ordinary Resolution); (2) Power to advance loans/give guarantees/provide security up to ₹750 Crores under Section 185 to subsidiaries, associates, JVs, or group entities (Special Resolution); (3) Increase in threshold limits for loans, guarantees, securities, and investments up to ₹750 Crores under Section 186 (Special Resolution); and (4) Increase in overall borrowing limits up to ₹500 Crores under Section 180(1)(c) (Special Resolution). Voting was conducted via remote e-voting with KFin Technologies as the service provider, and 66.4% of total shares participated in the vote.
Shareholders have given the company broad financial flexibility — ₹500 Crore borrowing capacity and ₹750 Crore each for lending and investment activities — which could enable expansion, acquisitions, or support to group entities but also raises exposure to related-party transactions. The appointment of Advait Surana (likely a promoter-group family member of MD Narender Surana) as director was ratified with near-unanimous promoter support, consolidating board continuity.