Shree Ram Twistex Seeks IPO Fund Reallocation Approval

Shree Ram Twistex Limited seeks shareholder approval via postal ballot to vary IPO fund utilization objects and extend the utilization timeline.
Proposes reducing wind power capacity from 4.2 MW to 3.1 MW, creating ₹1,389 lakh surplus for machinery expansion and SBI loan repayment.
Requires special resolution approval with more than 90% of shareholding voting in favor for implementation.
E-voting period runs from May 1 to May 30, 2026, with results to be declared within two working days thereafter.