News ArticlePashupati Cotspin Limited Secures Shareholder Approval for Authorized Capital Increase and Bonus Share Issue via Postal Ballot
Resolutions approved by members with requisite majority through remote e-voting concluded on November 6, 2026
Pashupati Cotspin Limited received shareholder approval for increasing its authorized share capital and issuing bonus shares through postal ballot voting completed on November 6, 2026. The resolutions were passed with requisite majority via remote e-voting conducted by NSDL.
Pashupati Cotspin Limited
Corporate Action
Pashupati Cotspin Limited announced that its shareholders have approved an increase in authorized share capital and the issuance of bonus shares through a postal ballot process completed via remote e-voting on November 6, 2026.
The company conducted the postal ballot process between October 8, 2026, and November 6, 2026, allowing members to vote electronically on two ordinary resolutions related to capital restructuring.
The resolutions covered the increase in the company's authorized share capital along with corresponding amendment to the Memorandum of Association, and the approval for issuance of bonus shares to shareholders.
CS Nisarg Sharma of Nisarg Sharma & Associates served as the scrutinizer, overseeing the e-voting process to ensure fairness and transparency in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Voting was concluded on November 6, 2026, and the scrutinizer's report confirmed the resolutions were passed by the requisite majority of members who participated in the remote e-voting.
The results and scrutinizer's report have been made available on the company’s website and the NSDL e-voting portal for stakeholders' reference.
Highlights
- Postal ballot conducted via remote e-voting from October 8 to November 6, 2026.
- Shareholders approved increase in authorized share capital and amendment to the Memorandum of Association.
- Members passed the resolution to issue bonus shares.
- Scrutinizer: CS Nisarg Sharma from Nisarg Sharma & Associates.
- Voting results and scrutinizer's report published on Pashupati Cotspin Limited’s and NSDL websites.
- Resolutions deemed passed on November 6, 2026, the last date of e-voting eligibility.
Key Data Snapshot
What happened
- Pashupati Cotspin Limited shareholders approved two ordinary resolutions via postal ballot: increasing authorized share capital and issuing bonus shares.
- Resolutions were passed through remote electronic voting conducted by NSDL between October 8 and November 6, 2026.
- The resolutions were deemed passed on November 6, 2026 — the last day of remote voting.
Key details
- Postal Ballot Notice dated October 3, 2026, sent to all shareholders with registered emails.
- Cut-off date for voting eligibility was October 3, 2026.
- Remote e-voting facility provided by NSDL accessible at www.evoting.nsdl.com.
- Votes were unblocked and scrutinized by CS Nisarg Sharma with presence of independent witnesses.
- Voting data reconciled with company’s register of members maintained by MUFG Intime India Pvt Ltd (RTA).
Regulatory and governance context
- Postal ballot and e-voting process conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Results disclosed per Regulation 44 of SEBI LODR regulations.
- Scrutinizer's report dated November 7, 2026, submitted confirming the voting outcome.
Highlights
- Postal ballot conducted via remote e-voting from October 8 to November 6, 2026.
- Shareholders approved increase in authorized share capital and amendment to the Memorandum of Association.
- Members passed the resolution to issue bonus shares.
- Scrutinizer: CS Nisarg Sharma from Nisarg Sharma & Associates.
- Voting results and scrutinizer's report published on Pashupati Cotspin Limited’s and NSDL websites.
- Resolutions deemed passed on November 6, 2026, the last date of e-voting eligibility.
Disclosures
- Section 108 and 110 of the Companies Act, 2013
- Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (Regulation 44)
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