Vaswani Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
VASWANI · price
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Vaswani Industries Limited has secured shareholder approval through a Postal Ballot for a special resolution to issue and allot 16,00,000 fully paid-up equity shares at Rs. 50 each (face value Rs. 10), on a preferential/private placement basis, raising up to Rs. 8 crore. The e-voting concluded on June 18, 2025, with an overwhelming 99.99% of polled votes cast in favour (1,91,03,934 shares in favour vs. only 1,276 against). Promoters and promoter group, who are interested in the resolution, voted 100% in favour with 1,87,85,153 shares. Total voting turnout was about 61% of outstanding shares from 35 members.
Existing shareholders may see dilution of roughly 5% from this preferential issue, though the issue price is at a premium to face value. The capital infusion of Rs. 8 crore could strengthen the company's balance sheet, but minority shareholders should monitor how the funds will be utilised and whether further dilution is planned.