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Pashupati Cotspin Limited Approves Increase in Authorized Share Capital and Bonus Share Issuance through Postal Ballot

Shareholders pass both ordinary resolutions with requisite majority via remote e-voting as of November 6, 2026

Pashupati Cotspin Limited shareholders approve increase in authorized share capital and issuance of bonus shares through postal ballot with remote e-voting, effective November 6, 2026.

11 hours ago|PASHUPATI+0.00%
Pashupati Cotspin LimitedPASHUPATICorporate Action

Pashupati Cotspin Limited

Corporate Action

Pashupati Cotspin Limited secured shareholder approval for an increase in its authorized share capital and the issuance of bonus shares through a postal ballot conducted by remote e-voting, with the resolutions deemed passed on November 6, 2026.

The two ordinary resolutions on the agenda were the increase in the company’s authorized share capital including an amendment to the capital clause of the Memorandum of Association, and the approval of issuing bonus shares to existing shareholders.

The postal ballot voting including remote e-voting commenced on October 8, 2026, and ended on November 6, 2026, with votes cast only electronically.

Company Secretary Nisarg Sharma of M/s Nisarg Sharma & Associates was appointed as the Scrutinizer to ensure a fair and transparent postal ballot process.

Voting rights were given to shareholders whose names appeared on the register as of October 3, 2026, and the postal ballot notice containing the related explanatory statements was sent to all such shareholders via email.

The Scrutinizer’s report dated November 7, 2026, confirmed that both resolutions were approved with the requisite majority and were deemed passed on November 6, 2026, the last date of voting.

Highlights

  • Increase in authorized share capital approved via ordinary resolution.
  • Issuance of bonus shares approved via ordinary resolution.
  • Remote e-voting conducted by NSDL from October 8 to November 6, 2026.
  • Scrutinizer’s report confirms the passing of both resolutions on November 6, 2026.
  • Voting facility provided exclusively by remote e-voting to shareholders registered by the cut-off date October 3, 2026.

Key Data Snapshot

Cut-off date for voting eligibilityOctober 3, 2026
Start date of remote e-votingOctober 8, 2026, 9:00 A.M. IST
End date of remote e-votingNovember 6, 2026, 5:00 P.M. IST
Date resolutions deemed passedNovember 6, 2026
ScrutinizerMr. Nisarg Sharma, M/s Nisarg Sharma & Associates, Company Secretaries

What happened

  • Shareholders approved two ordinary resolutions: increase of authorized share capital with corresponding amendment in the Memorandum of Association, and issuance of bonus shares.
  • Voting was conducted exclusively through remote e-voting in compliance with SEBI and Company Law regulations.
  • The resolutions are deemed passed as of November 6, 2026, the last date of voting.

Key details

  • Postal ballot notice dated October 3, 2026, was sent electronically to eligible shareholders with registered email addresses.
  • Shareholders holding shares as of October 3, 2026, were entitled to vote.
  • Remote e-voting facility was provided by NSDL to all eligible members.
  • Total voting period ran from October 8, 2026, to November 6, 2026.
  • Scrutinizer’s report dated November 7, 2026, confirmed proper conduct and result of voting.

Regulatory and governance context

  • The process complied with Section 108 and 110 of the Companies Act, 2013 and related rules.
  • Conducted as per Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Scrutinizer appointed to ensure fair and transparent postal ballot and e-voting process.
  • Voting results and scrutinizer report published on company and NSDL websites.

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