Please find the attached Scrutinizer Report and Voting Results
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vaishno Cement Company Ltd held an Extra Ordinary General Meeting (EOGM) on 25th February 2026 via video conferencing, where all three special resolutions were passed with the requisite majority. The resolutions covered: (1) adoption of a new Memorandum of Association, (2) adoption of a new Articles of Association, and (3) approval for reduction in the share capital of the company. Voting was conducted through remote e-voting and e-voting, scrutinised by M/s. Nishant Bajaj & Associates, Practicing Company Secretary. Out of 89,50,200 total shares, only 846 votes were polled (0.0095% participation), with 843 votes in favour and 3 against each resolution, giving 99.65% approval. The very low participation suggests limited shareholder engagement, but all resolutions passed comfortably.
The share capital reduction resolution is the most material for shareholders, as it could affect the number of shares outstanding and potentially the share price. Shareholders should monitor further filings for details on the capital reduction terms, timing, and any related corporate actions. The passing of these resolutions is procedural compliance, but the capital reduction could be value-accretive or dilutive depending on the rationale (e.g., cancelling lost shares, writing off accumulated losses, or returning capital).