Announced Tue, 10 Mar · 18:54 IST

Please Find Attached the Scrutinizer''s Report of Postal Ballot of the company.

Board & Shareholder Meetings View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Swashthik Plascon Limited has disclosed the results of a postal ballot conducted via remote e-voting, which closed on March 8, 2026. Two resolutions were put to shareholders: (1) approval of a related party transaction (ordinary resolution) and (2) approval for leasing of property under Section 180(1)(a) of the Companies Act (special resolution). Promoters and promoter group, who were interested in both resolutions, did not vote. Out of 3,082,340 shares polled (about 15.83% of total outstanding shares of 1.94 crore), 3,079,140 votes (99.90%) were cast in favour and only 3,200 votes (0.10%) against each resolution. Both resolutions were declared passed with the requisite majority. The scrutinizer's report was issued by Dilip Swarnkar & Associates, Company Secretaries.

Likely market impact

Both resolutions have been approved by shareholders, giving the company the green light to proceed with the related party transaction and the property leasing. Promoter non-participation means the vote was essentially driven by public non-institutional shareholders, and near-unanimous approval suggests minimal investor dissent on these corporate actions.