Key Decision
The Board of Directors of Jivial Industries Limited, after due deliberations, approved the withdrawal of the proposed Postal Ballot process. This decision follows an earlier intimation dated 22nd October, 2026 regarding approval of Postal Ballot process for seeking shareholders' approval on certain agenda items.
Reason for Withdrawal
Upon further examination of applicable provisions of law and the nature of the matters proposed to be placed before Members, the Company determined that obtaining shareholders' approval through Postal Ballot process is not required for the said matters.
Current Status Clarifications
- The Postal Ballot Notice has not been dispatched or circulated to the Members of the Company
- The remote e-voting process in connection with the proposed Postal Ballot has not been initiated
- No voting or shareholders' approval process has been undertaken pursuant to the proposed Postal Ballot
- The earlier Board approval relating to issuance of the proposed Postal Ballot Notice stands withdrawn
Impact Assessment
The withdrawal is procedural in nature and does not have any impact on the business operations or financial position of the Company.