Grob Tea Company Limited Shareholders Approve Key Resolutions via Postal Ballot
The Grob Tea Company Limited announced the results of its postal ballot, indicating that all proposed special resolutions were passed by the company's members with the requisite majority. The voting c...
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Why is The Grob Tea Company Limited in the news today?
The Grob Tea Company Limited (GROBTEA) is in the news due to the resolutions related to financial flexibility and corporate powers were approved by shareholders, indicating support for the company's strategic initiatives.
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Grob Tea Company Limited Shareholders Approve Key Resolutions via Postal Ballot
December 30, 2025, 02:33 PM
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The Grob Tea Company Limited announced the results of its postal ballot, indicating that all proposed special resolutions were passed by the company's members with the requisite majority. The voting concluded on Monday, December 29, 2025.
The resolutions approved include an increase in the limit for giving loans, providing guarantees, or making investments under Section 186 of the Companies Act, 2013. Shareholders also approved an increase in the company's borrowing powers under Section 180 (1)(C) of the Companies Act, 2013.
Furthermore, the members sanctioned an increase in the existing limits for the sale, creation of mortgage, or charge on the company's assets, properties, or undertakings under Section 180 (1)(a) of the Companies Act, 2013. Finally, approval was granted for increasing the limit for making donations or contributions pursuant to Section 181 of the Companies Act, 2013.
The Postal Ballot Notice was initially issued on November 25, 2025, with a cut-off date of November 21, 2025. The voting results and the Scrutinizer's Report, dated April 1, 2025, have been submitted.
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