Notice of postal ballot dated May 21, 2026.
SUYOG · price
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Suyog Telematics Limited has issued a postal ballot notice seeking shareholder approval for re-classifying Mr. Somnath Lature from the Promoter/Promoter Group category to the Public category. Mr. Lature holds 44,044 equity shares representing 0.38% of the company's total shareholding. The company received his request dated February 2, 2026, and the Board approved it on February 3, 2026. Both BSE and NSE have provided their No Objection Letters for this reclassification. The e-voting period runs from May 22, 2026 to June 20, 2026. Mr. Lature has confirmed compliance with all conditions under Regulation 31A of SEBI Listing Regulations, including that he does not hold more than 10% voting rights and exercises no control over the company. The resolution requires an Ordinary Resolution approval from shareholders.
If approved, this reclassification will reduce the promoter group shareholding by 0.38%. While the absolute percentage is small, it represents a promoter exiting the promoter category, which could slightly impact the overall promoter holding percentage and may be watched by investors tracking promoter stakes.