Voting Results and Resolutions Passed
Two special resolutions were approved by shareholders through e-voting process concluded on July 04, 2026 (last date of remote e-voting):
Resolution 1: Approval for raising funds in one or more tranches by issuance of Equity Shares and/or other Eligible Securities not exceeding ₹5,000.00 million (₹5000 crore)
- Total valid votes: 20,607,522
- Votes in favor: 20,606,645 (99.9957%)
- Votes against: 877 (0.0043%)
- Number of voters: 515
Resolution 2: Approval for alteration of Articles of Association of the Company
- Total valid votes: 20,605,195
- Votes in favor: 20,600,244 (99.9760%)
- Votes against: 4,951 (0.0240%)
- Number of voters: 511
Shareholding and Voting Participation
Record date for voting: May 29, 2026
Total number of shareholders on record date: 166,841
Category-wise voting details for Resolution 1:
- Promoter and Promoter Group: 12,567,734 shares voted (100% of holdings), 100% in favor
- Public Institutions: 988,920 shares voted (27.6581% of holdings), 99.9915% in favor
- Public Non-Institutions: 7,050,868 shares voted (25.8789% of holdings), 99.9888% in favor
Process and Timeline
- Postal Ballot Notice dated: June 03, 2026
- E-voting period: June 05, 2026 (9:00 AM IST) to July 04, 2026 (5:00 PM IST)
- Scrutinizer appointed: S. N. Ananthasubramanian & Co. on June 03, 2026
- Notice dispatched via email to 162,788 members on June 04, 2026
- Advertisement published in Business Standard (English) and Prathakal (Marathi) newspapers on June 05, 2026
Financial Impact
The fundraising approval allows the company to raise up to ₹5,000 million through issuance of equity shares and/or other eligible securities. The alteration of Articles of Association will enable changes to the company's capital structure and governance framework as required for the fundraising.