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Vikram Kamats Hospitality Ltd conducted a postal ballot (remote e-voting) from August 15, 2025 to September 13, 2025, seeking shareholder approval to issue up to 13,60,000 equity shares on a preferential basis. The special resolution was passed with overwhelming support, receiving 99.76% votes in favor (89,70,873 shares) and only 0.24% against (21,934 shares). Promoter and promoter group voted 100% in favor with all their 85,59,541 shares, while public non-institutional shareholders voted 94.94% in favor. Total of 89,92,807 votes were polled, representing 58.97% of the company's 1,52,48,838 outstanding shares. There were no invalid votes.
The company now has shareholder approval to issue up to 13.6 lakh new shares to select investors on a preferential basis, which will dilute existing shareholders by roughly 8-9% but brings in fresh capital. The near-unanimous approval (99.76% in favor) signals strong shareholder confidence in the company's fundraising plans.