Uttam Sugar Mills Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
UTTAMSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Uttam Sugar Mills conducted a postal ballot to seek approval from preference shareholders for extending the redemption period of its 6.50% and 10.00% Non-Cumulative Redeemable Preference Shares. Both special resolutions were passed with 100% of votes polled in favor. For the 6.50% preference shares, 43,600 votes were polled (42.08% of outstanding), and for the 10.00% preference shares, 9,000 votes were polled (1.07% of outstanding). E-voting took place between February 17 and March 18, 2026, and the resolutions were deemed passed on the last day of voting.
This filing only involves preference shareholders and does not directly affect equity shareholders. However, the company choosing to extend rather than redeem these preference shares may suggest it is preserving cash or managing its capital structure, and preference shareholders will continue to wait for their redemption.