Emami Realty Limited announced the proceedings of its postal ballot, confirming the approval of resolutions by its members. The company had conducted a postal ballot through a remote e-voting process to seek approval for specific resolutions. The resolutions passed include the modification of terms for 8,53,65,854 Unsecured Unlisted Non-Convertible Debentures (NCDs) of face value ₹82 each. The coupon rate for these NCDs, aggregating to ₹700,00,00,028, has been revised from 7.50% per annum to 10% per annum. The Board of Directors is authorized to determine the effective date for this revised coupon rate. Additionally, shareholders approved a material related party transaction with Orbit Abasan Private Limited for the acquisition of a project undertaking, up to an aggregate limit of ₹50,00,00,000 (Rupees Fifty Crores Only). This transaction is to be conducted on an arm's length basis and in the ordinary course of business. The voting period for the postal ballot commenced on Thursday, February 26, 2026, and concluded on Friday, March 27, 2026. The results of the postal ballot and e-voting were declared on March 27, 2026, with both resolutions passing with a requisite majority.
