Announced Wed, 15 Apr · 11:47 IST
Postal Ballot Results: Preferential Issue Fund Use Revision Passed with 99.15%
Board & Shareholder Meetings View source PDF
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.2%1-day move
₹96.40
prior close
₹100.47
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.0+0.3+8.2+9.8+6.2+7.7+10.2+6.3+19.2+20.0+10.7+22.8
Up moveDown movePending
AI summary
Texmaco Rail & Engineering's postal ballot to vary the objects of utilization of funds from its Preferential Issue was passed as a Special Resolution with 99.15% votes in favour. Of 250.65 million votes polled (61.6% of total shares), 248.51 million supported and only 2.14 million opposed. Promoters voted 100% in favour. The result is deemed to have been passed at a general meeting.
Likely market impact
Reprioritising preferential issue funds approved with overwhelming shareholder support. Likely neutral to mildly positive — reflects strong consensus.