Indo Rama Synthetics Shareholders Approve Material Related Party Transaction
Indo Rama Synthetics (India) Limited announced the results of a postal ballot voting process concerning a material related party transaction. The notice for the postal ballot was issued on November 10...
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Why is Indo Rama Synthetics (India) Limited in the news today?
Indo Rama Synthetics (India) Limited (INDORAMA) is in the news due to the resolution to approve a material related party transaction was passed with an overwhelming majority, indicating shareholder confidence and support for the company's business dealings.
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Indo Rama Synthetics Shareholders Approve Material Related Party Transaction
December 19, 2025, 10:38 AM
Indo Rama Synthetics (India) Limited announced the results of a postal ballot voting process concerning a material related party transaction. The notice for the postal ballot was issued on November 10, 2025, with the last date for electronic voting being December 17, 2025. CS Jaya Yadav of Jaya Yadav & Associates was appointed as the Scrutinizer for the process.
The resolution to approve material related party transactions to be entered with TPT Petrochemicals Public Co. Limited, Thailand, was declared passed with the requisite majority. The voting results, along with the Scrutinizer's Report dated December 18, 2025, have been submitted and are available on the company's website and NSDL.
The e-voting period ran from November 18, 2025, to December 17, 2025. Out of the total votes cast, 99.9966% were in favor of the resolution, with only 0.0034% against it. No invalid votes were recorded. The company confirmed that none of the related parties voted on this resolution, in compliance with SEBI (LODR) Regulations, 2015.
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