Elfin Agro India Limited disclosed the results of a postal ballot process conducted to seek shareholder approval for varying the objects/terms of utilization of Initial Public Offering (IPO) proceeds through a special resolution.
The postal ballot notice was dated 09th September, 2026, and the remote e-voting period commenced on Saturday, 12th September, 2026 at 9:00 AM IST and ended on Sunday, 11th October, 2026 at 5:00 PM IST. The record date for determining eligible shareholders was 04th September, 2026, with 255 total shareholders on record.
CS Nitin Mehta of N. Mehta & Associates (Membership No. 7025) was appointed as scrutinizer by the Board of Directors on 09th September, 2026. He submitted his report on 11th October, 2026.
Voting Results
The special resolution for "Variation in the Objects/terms of utilisation of the Initial Public Offering (IPO) proceeds" was passed with requisite majority:
Promoter and Promoter Group Voting:
- Total shares held: 14,100,000
- Votes polled: 14,100,000 (100% of shares held)
- Votes in favor: 14,100,000 (100% of votes polled)
- Votes against: 0 (0% of votes polled)
Public Non-Institutions Voting:
- Total shares held: 5,325,000
- Votes polled: 870,000 (16.338% of shares held)
- Votes in favor: 870,000 (100% of votes polled)
- Votes against: 0 (0% of votes polled)
Overall Totals:
- Total outstanding shares: 19,425,000
- Total votes polled: 14,970,000 (77.0656% of outstanding shares)
- Total votes in favor: 14,970,000 (100% of votes polled)
- Total votes against: 0 (0% of votes polled)
There were no invalid votes from any shareholder category.
The resolution was declared passed. The company stated that promoters/promoter groups were not interested in this resolution.