The Grob Tea Company Limited has informed the Exchange about copy of Voting Results
GROBTEA · price
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The Grob Tea Company Limited has informed exchanges that all four special resolutions put to vote through a postal ballot have been passed by shareholders with overwhelming majority. The resolutions sought approval to: (1) increase the limit for giving loans, guarantees, or making investments under Section 186, (2) raise the company's borrowing powers under Section 180(1)(C), (3) increase limits for selling or mortgaging company assets under Section 180(1)(a), and (4) raise the limit for making donations under Section 181. Out of 2,222 shareholders, 946,051 votes were polled (81.39% of outstanding shares), with over 99.98% voting in favour of each resolution. E-voting was conducted between November 30 and December 29, 2025, and the results were scrutinised by M R & Associates, Company Secretaries.
The approvals give the company expanded flexibility to borrow, invest, lend, pledge assets, and make donations, which could support future expansion or financial activity, though no specific transactions have been announced yet. Shareholders have shown near-unanimous support, indicating no governance concerns from this vote.