Vaishali Pharma Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
VAISHALI · price
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Vaishali Pharma Limited has announced the results of a Postal Ballot conducted via e-voting between 14th February and 15th March 2026. Shareholders approved a Special Resolution to issue, offer, and allot equity shares on a preferential basis with 99.99% votes in favour (2,54,13,011 votes) and only 0.01% against (2,310 votes). Promoters and promoter group, being interested parties in the preferential issue, abstained from voting, and their shares were excluded from the count. Out of 27,241 total shareholders on the record date (6th February 2026), the public non-institutional category polled 28.48% of their holdings. The Scrutinizer confirmed the resolution was passed with the requisite majority.
This approval allows the company to proceed with a preferential equity share issuance, which will bring in new investors but also dilute the stake of existing public shareholders. The strong 99.99% approval from non-promoter shareholders signals broad market support for the capital-raising move. Watch for the subsequent announcement detailing the issue price, number of shares, and identity of the allottees.