Yuken India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
YUKEN · price
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Yuken India completed a postal ballot (e-voting) between 29th May 2025 and 27th June 2025, with 60 members casting 75,86,296 votes. Two special resolutions were approved: (1) Re-appointment of Mr. C P Rangachar as Managing Director for 5 years from 1st May 2025, passed with 99.9993% votes in favor (73,81,517 shares), and (2) Preferential allotment of up to 5,84,000 equity shares at Rs. 1,026 per share (including Rs. 1,016 premium) to its Japanese promoter Yuken Kogyo Co. Ltd., aggregating up to Rs. 59.92 crores, passed with 99.9967% in favor. The company had to issue a corrigendum on 12th June 2025 to fix errors in the original notice regarding the preferential issue.
Shareholders have endorsed the continuation of the existing Managing Director and approved a significant capital infusion from the Japanese parent, which will strengthen promoter's holding and bring in roughly Rs. 60 crore to the company. Existing shareholders should expect some dilution (~5,84,000 new shares) once the allotment is completed within 15 days of receiving final regulatory approvals.