Themis Medicare Limited has informed the Exchange regarding Notice of Postal Ballot
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Themis Medicare has issued a Postal Ballot notice to shareholders seeking approval through remote e-voting from February 26, 2026 to March 27, 2026, with results expected by March 31, 2026. Four resolutions are proposed: (1) approval of material related party transactions with Themis Distributors Pvt Ltd or Vividhmargi Investments Pvt Ltd (VMIPL) worth up to Rs. 250 crores for FY26-27, (2) related party transactions with Gujarat Themis Biosyn Ltd (GTBL) worth up to Rs. 50 crores, (3) inter-se promoter transfer of GTBL shares with Dr. Sachin D. Patel valued up to Rs. 130 crores, and (4) preferential issue of up to 45,95,795 convertible equity warrants to VMIPL (a promoter group company) at Rs. 100 per warrant, aggregating up to Rs. 45.96 crores, convertible into equity shares of Re. 1 face value within 18 months. E-voting will be facilitated by CDSL, with the cut-off date being February 20, 2026.
Shareholders should review and vote on these resolutions, especially the related party transactions and the preferential warrant issue to the promoter group, which may lead to dilution once converted. The combined transaction value of Rs. 430 crores in related party deals is significant and warrants attention for governance and minority shareholder impact.