Tracxn Technologies Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TRACXN · price
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Tracxn Technologies conducted a postal ballot between June 4 and July 3, 2025, seeking shareholder approval for a buyback of equity shares. Out of 247 valid voters, an overwhelming 99.98% of votes (44,108,045 shares held by 220 members) were cast in favor of the buyback resolution, while only 0.02% (7,811 shares held by 27 members) voted against. No invalid votes were recorded. The scrutinizer, CS Mannish L. Ghia of Manish Ghia & Associates, confirmed the special resolution passed with votes in favor exceeding three times those against. The result was declared on July 7, 2025, and countersigned by Chairperson and Managing Director Neha Singh.
Shareholders have overwhelmingly approved the buyback, allowing the company to proceed with the repurchase plan. Buybacks typically reduce outstanding share count, which can support earnings per share and often provide a floor for the stock price in the near term.