Vertoz Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
VERTOZ · price
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Vertoz Limited has announced the results of a Postal Ballot conducted via remote e-voting from May 9, 2025 to June 7, 2025. The single Special Resolution on the agenda was the consolidation (reverse split) of equity shares from a face value of Re. 1/- each to Rs. 10/- each, along with a corresponding change to the Capital Clause in the Memorandum of Association. A total of 265 members participated in e-voting, with 228 shareholders holding 569,820,448 shares (99.99%) voting in favour and 23 shareholders holding 53,957 shares (0.01%) voting against. The resolution was passed with overwhelming majority as a Special Resolution. The Scrutinizer's report was submitted on June 9, 2025 by Umashankar K Hegde of U. Hegde & Associates.
Shareholders have approved a 10:1 stock consolidation, meaning every 10 existing shares of face value Re. 1 will be merged into 1 share of face value Rs. 10. While the total value of holdings stays the same, the number of shares held will reduce and the per-share price will proportionately increase after the consolidation takes effect. The near-unanimous approval signals strong shareholder backing for the corporate action.