V2 Retail Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
V2RETAIL · price
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Awaiting price reaction for this filing.
V2 Retail Limited concluded a postal ballot on March 8, 2026, in which shareholders approved two resolutions with overwhelming support. Resolution 1, the sub-division (stock split) of equity shares, was passed with 99.99% votes in favor (22,950,857 for vs 82 against). Resolution 2, alteration of the Capital Clause of the Memorandum of Association, was also passed with 99.99% in favor (22,950,856 for vs 83 against). The promoter group (18,754,890 shares) and public institutions (4,280,381 shares) voted 100% in favor of both resolutions. Total votes polled represented 62.94% of outstanding shares, and the scrutinizer confirmed both ordinary resolutions were passed with the requisite majority.
The approved stock split will increase the number of outstanding shares and reduce the per-share price, making V2 Retail more affordable and liquid for retail investors. Existing shareholders will hold proportionally more shares. This is typically viewed as a positive sentiment signal, though the actual share price adjustment will depend on the split ratio, which was not specified in this filing.