Submission of Notice of Postal Ballot
Price
▲ 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 postal ballot notice to shareholders seeking approval for two special business items. The first item is the issue of bonus equity shares in a 1:1 ratio (one new share for every one share held), to be funded by capitalizing up to Rs. 32.12 crore from the company's free reserves, securities premium account, and/or profit and loss balance. The second item is the appointment of M/s TRAK and Associates as the new statutory auditor, filling the casual vacancy created by the resignation of M/s VASG & Associates, who stepped down citing non-availability of staff and resources. The e-voting window runs from February 13, 2026 (9:00 AM) to March 14, 2026 (5:00 PM) via NSDL, with the record date/cut-off date set as February 6, 2026.
If the bonus issue is approved, every shareholder will receive one additional share for each share they own, effectively doubling the share count without changing the company's overall market value — this typically improves liquidity and lowers the per-share price, making the stock more accessible to retail investors. The auditor change is a routine procedural matter and is not expected to materially affect operations or shareholder value.