Intimation of Postal Ballot Notice dated 03rd May, 2025 of the Company.
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Awaiting price reaction for this filing.
Trans India House Impex Limited (formerly IO System Limited) has issued a Postal Ballot Notice dated 3rd May 2025 to seek shareholder approval for increasing the company's Authorised Share Capital from Rs. 60 crore (6 crore equity shares of Rs. 10 each) to Rs. 72 crore (7.2 crore equity shares of Rs. 10 each), creating headroom for an additional 1.2 crore equity shares. The resolution will be passed as an Ordinary Resolution through remote e-voting only, with no physical ballot forms being dispatched. The cut-off date to determine eligible voters is 2nd May 2025, while the e-voting window runs from 9:00 AM on 14th May 2025 to 5:00 PM on 12th June 2025, with results to be declared within two working days thereafter. CS Kunal Sharma has been appointed as the Scrutinizer to oversee the process, and NSDL is providing the e-voting platform. The Board approved the proposal at its meeting on 3rd May 2025, and no Director or KMP has any special interest in the resolution beyond their existing shareholdings.
This is a housekeeping step that does not issue any new shares or cause immediate dilution. It simply expands the company's ceiling for future share issuances (rights issue, preferential allotment, QIP, etc.), meaning actual dilution would only happen later if the Board chooses to issue shares within the new headroom. Shareholders should watch for any follow-up fund-raising announcements.