Corrigendum to the notice of Postal Ballot Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Times Green Energy (India) Ltd has issued a corrigendum to its postal ballot notice dated February 5, 2026. The biggest change: the amount proposed for capitalization to issue bonus shares has been sharply reduced from Rs. 32.12 crores (Rs. 32,11,54,610.09) to Rs. 4.72 crores (Rs. 4,71,53,654.12) — about an 85% cut. The deadline for shareholders holding physical shares to dematerialize them has also been pushed back from September 13, 2025 to March 17, 2026. The postal ballot covers two items: approval for the bonus issue and appointment of statutory auditors to fill a casual vacancy. The corrigendum was filed on February 25, 2026 and forms part of the original notice.
The steep reduction in the bonus issue size is a meaningful negative for shareholders who were expecting a much larger bonus, and could pressure the stock negatively. The company is still proceeding with a bonus issue, but the much smaller scale may disappoint retail investors.