Zota Health Care Limited has submitted the Exchange a copy Srutinizers Report of Postal Ballot. Further, the Company has informed the Exchange regarding voting results along with copy of minutes.
ZOTA · price
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Zota Health Care Limited conducted a postal ballot via remote e-voting between March 18, 2026 and April 16, 2026, seeking shareholder approval for a special resolution. The resolution authorises the Board to give loans, guarantees, or security to any person or body corporate, and to acquire securities of other body corporates in excess of the limits prescribed under Section 186 of the Companies Act, 2013, capped at Rs. 1,000 Crores at any time. Out of 14,154 shareholders on record, 62 shareholders representing 14,253,510 equity shares (41.16% of total outstanding shares) cast their votes. The resolution was passed with overwhelming support: 13,962,666 shares (97.96%) voted in favour, while only 290,844 shares (2.04%) voted against. Promoter group was not interested in the resolution, and Mr. Ranjit Binod Kejriwal served as the scrutinizer for the e-voting process.
Shareholders have granted the Board broad financial flexibility to deploy up to Rs. 1,000 Crores through loans, guarantees, securities, or investments in other companies. This is a substantial limit relative to the company's size and signals potential M&A, strategic investments, or inter-corporate lending activity ahead, which could affect capital allocation and risk exposure for shareholders.