Themis Medicare 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.
THEMISMED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Themis Medicare Limited has announced the results of a postal ballot conducted via remote e-voting, with the last date of voting being March 27, 2026. All four resolutions were passed with the required majority: (1) Material Related Party Transactions with Themis Distributors Pvt Ltd / Vividhmargi Investments Pvt Ltd (VMIPL) — 99.93% in favor; (2) Material Related Party Transactions with Gujarat Themis Biosyn Limited (GTBL) — 99.99% in favor; (3) Material Related Party Transactions with Dr. Sachin D. Patel up to Rs. 130 crores for inter-se promoter transfer of GTBL shares held by TML — 99.88% in favor; (4) Special Resolution for issuance of convertible warrants to VMIPL (promoter group) on a preferential basis — 99.65% in favor. Promoter votes (23.55 lakh shares) were treated as invalid for resolutions 1–3 under SEBI Regulation 23 since promoters were interested parties. Overall shareholder turnout was low at about 5–8%.
The approvals clear the way for material related-party transactions with promoter-linked entities (VMIPL, GTBL) and a preferential issue of convertible warrants to a promoter group company, which may lead to equity dilution and increased related-party exposure for minority shareholders. Low public participation and the automatic exclusion of promoter votes mean minority shareholders were the deciding factor, but support was strong on all items.