Pavna Industries Limited has informed the stock exchanges that the Company has initiated a postal ballot process to seek approval of its shareholders on certain matters, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The postal ballot notice dated January 28, 2026 has been issued to members for obtaining their consent through remote e-voting only. The remote e-voting period will commence at 9:00 a.m. (IST) on Saturday, January 31, 2026 and conclude at 5:00 p.m. (IST) on Sunday, March 1, 2026. Members whose names appear in the Register of Members/List of Beneficial Owners as on the cut-off date, January 23, 2026, shall be entitled to vote. The results of the postal ballot shall be declared on or before Tuesday, March 3, 2026 and will be communicated to the stock exchanges and hosted on the Company's website.
The resolutions proposed through the postal ballot include seeking shareholder approval to authorise the Board of Directors to provide loans, guarantees and/or securities, and to make investments under Sections 185 and 186 of the Companies Act, 2013. The proposed authorisations provide for an aggregate exposure limit of up to ₹1,500 crore and are intended to enable financial flexibility and support business requirements, subject to compliance with applicable laws and arm's length principles.
Further, the Company is seeking approval for material related party transactions and material modifications to previously approved related party arrangements, in accordance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations. These transactions have been reviewed and recommended by the Audit Committee and the Board of Directors and are proposed to be carried out in the ordinary course of business and on an arm's length basis.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor