UFO Moviez India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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UFO Moviez India Limited has successfully completed a postal ballot to reclassify two entities from its Promoter/Promoter Group to the Public Category. Apollo Green Energy Limited (holding 22,66,417 shares or 5.84%) and Mr. Raaja Kanwar (holding 12,500 shares or 0.03%) will now be classified as public shareholders. Together, they hold 22,78,917 shares representing 5.87% of the company's equity. The resolution was passed as an Ordinary Resolution with overwhelming shareholder approval, with 96.84% votes in favor (16,824,998 votes) and only 3.16% against (549,332 votes). The e-voting was conducted between March 19, 2026 and April 17, 2026, with the scrutinizer confirming the result on April 18, 2026.
The reclassification reduces the promoter group's total shareholding by 5.87%, which may have implications for the company's compliance with minimum public shareholding requirements. Shareholders should note that while this is a structural change, the entities remain significant shareholders.