The company hereby submits the Notice of Postal Ballot dated 21st February, 2026
Awaiting price reaction for this filing.
Rishab Special Yarns Ltd has issued a Postal Ballot Notice seeking shareholder approval on 8 resolutions via remote e-voting from 28th February to 29th March 2026. Key items include increasing authorised share capital sharply from Rs. 6 crore (60 lakh shares) to Rs. 56 crore (5.6 crore shares), and raising up to Rs. 50 crore through a Rights Issue of equity shares to existing shareholders. The company also proposes to change its name to 'IMPERA WORLDWIDE LIMITED' and dramatically expand its object clause beyond yarns/textiles into trading, e-commerce, metals manufacturing, infrastructure, and real estate. Additionally, borrowing limits under Section 180(1)(c) and investment/loan limits under Section 186 are being raised to Rs. 100 crore each.
This signals a major strategic pivot from a single-sector textile company to a diversified group, likely with significant share dilution risk from the rights issue and higher debt capacity being sought. Shareholders should closely review the rights issue price and terms (when announced), as well as the fundamental change in business direction implied by the new object clause and rebrand to 'Impera Worldwide Limited'.