Intimation for dispatch of Postal ballot Notice dated February 16, 2026.
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Vivid Mercantile Limited has dispatched a Postal Ballot Notice (dated February 16, 2026) to shareholders seeking approval to increase the company's authorised share capital from Rs. 10.03 crore (10,03,00,000 equity shares of Rs. 1 each) to Rs. 15.25 crore (15,25,00,000 equity shares of Rs. 1 each), creating an additional 5.22 crore equity shares. The board approved this proposal on February 16, 2026, stating the purpose is to accommodate a rights issue and future requirements, with consequential amendments to Clause V of the Memorandum of Association. E-voting will be conducted via NSDL from February 26, 2026 (9:00 AM) to March 27, 2026 (5:00 PM), with the cut-off date set as February 20, 2026. Scrutiniser M/s. Neelam Somani & Associates will oversee the process, and results are expected by March 31, 2026.
This is a housekeeping resolution that gives the company room to raise fresh capital (including the planned rights issue) in the future, but does not itself issue new shares. Existing shareholders may eventually face dilution if the expanded capital is utilised through a rights issue or further fundraising, so they should consider the implications and vote before March 27, 2026.