Outcome of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
VTM Limited conducted a postal ballot through remote e-voting from April 23 to May 23, 2025. All four resolutions were passed with the required majority, with over 99.99% of votes cast in favour on each resolution. The key resolutions approved include the issue of bonus shares, increase in authorised share capital, and corresponding amendments to the Articles of Association and the Capital Clause of the Memorandum of Association. Total voting participation stood at 72.16% of outstanding shares (29,028,608 votes polled out of 40,227,600), with promoter group voting 100% in favour (27,491,700 shares) and public shareholders also voting over 99.99% in favour. The Scrutinizer, S. Ramalingam, confirmed the e-voting process was conducted in a fair and transparent manner.
The approval of the bonus issue is a positive signal for existing shareholders, as it rewards them with additional shares at no extra cost. The increase in authorised share capital and the related AOA/MoA amendments are procedural steps needed to execute the bonus issue, which the company will likely announce the record date for in due course. The overwhelmingly high approval (over 99.99%) reflects strong shareholder confidence in management's decisions.