Voting Results and Scrutinizer Report for Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.2 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ador Multi Products Limited has received shareholder approval via postal ballot (voting held March 22 to April 20, 2025) for all five special resolutions, with over 99.99% votes in favour of each. Key approvals include increasing the authorised share capital and amending the MoA/AoA, issuing up to 48,87,356 equity shares to non-promoters on a preferential basis, and issuing up to 93,12,364 fully convertible warrants to a non-promoter on a preferential basis. Two additional housekeeping resolutions were also passed: adopting a new set of MoA and altering the Object Clause of the MoA. The Scrutinizer (Dinesh Birla & Associates) confirmed the e-voting process was conducted fairly and transparently through NSDL.
Shareholders have cleared the way for a significant preferential allotment to non-promoters, which could lead to equity dilution once the warrants are converted. Existing shareholders should watch for the actual issue price and identity of allottees in subsequent disclosures, as this will determine the dilution impact and whether the capital raise is at fair value.