Grob Tea Company Limited Shareholders Approve Key Resolutions Via Postal Ballot
The Grob Tea Company Limited announced the results of its postal ballot, which concluded on December 29, 2025. Shareholders approved four key resolutions with the requisite majority through a remote e...
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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 company successfully passed key resolutions through a shareholder vote, indicating shareholder support for its proposed actions related to financial flexibility and corporate powers.
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Grob Tea Company Limited Shareholders Approve Key Resolutions Via Postal Ballot
December 30, 2025, 02:40 PM
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The Grob Tea Company Limited announced the results of its postal ballot, which concluded on December 29, 2025. Shareholders approved four key resolutions with the requisite majority through a remote e-voting process.
The resolutions passed include: 1. Approval to increase the limit for providing loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. 2. Approval to increase the company's borrowing powers under Section 180(1)(C) of the Companies Act, 2013. 3. Approval to increase 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. 4. Approval for increasing the limit for making donations and 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 to the stock exchanges.
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