The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
PKTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Peria Karamalai Tea & Produce Company conducted a postal ballot via remote e-voting from February 21 to March 22, 2026, with results declared on March 24, 2026. A single ordinary resolution was put to vote: approval of Material Related Party Transactions, in which the promoter and promoter group are interested and therefore did not vote. Out of 3,448 shareholders on the record date holding 30,95,879 shares total, only 62,941 shares (about 2.03% of outstanding equity) were polled. Of the votes cast, 58,230 (92.52%) were in favour and 4,711 (7.48%) were against, with the resolution passing by the requisite majority. The scrutiny was conducted by Vinod Kothari & Company, Practising Company Secretaries.
Minority public shareholders have approved related-party transactions that the promoter group was interested in and abstained from voting on. The very low voter turnout (~2% of shares) means a small base of public non-institutional holders effectively cleared the resolution, which is worth monitoring for governance and conflict-of-interest concerns.