Postal Ballot Srutinizer Report
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Awaiting price reaction for this filing.
Vikram Kamats Hospitality Ltd conducted a postal ballot (via remote e-voting from 15 August to 13 September 2025) seeking shareholder approval for issuing up to 13,60,000 equity shares on a preferential basis as a Special Resolution. Out of 1,855 eligible shareholders holding 1,52,48,838 total shares, 58.97% of voting capital participated, casting 89,92,807 votes. The resolution was overwhelmingly approved with 99.76% of votes in favour (89,70,873) and just 0.24% against (21,934). Promoters holding 85,59,541 shares voted 100% in favour, while public non-institutions showed 94.94% support among those who voted. No invalid votes were recorded, and the scrutinizer confirmed the resolution was passed with the requisite majority.
Shareholders have cleared the way for the company to raise fresh capital via a preferential allotment of up to 13.6 lakh equity shares, which will lead to dilution for existing public shareholders. The strong promoter support (100% in favour) signals management confidence in the capital raise plan.