JKIL Shareholders Approve Capital Raising Via Postal Ballot
J. Kumar Infraprojects Limited (JKIL) announced the results of its postal ballot, confirming that shareholders have approved a special resolution for capital raising. The resolution, which allows the...
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Why is J.Kumar Infraprojects Limited in the news today?
J.Kumar Infraprojects Limited (JKIL) is in the news due to the shareholders overwhelmingly approved the capital raising resolution, which is a positive development for the company's future growth and financial flexibility.
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JKIL Shareholders Approve Capital Raising Via Postal Ballot
December 29, 2025, 10:55 AM
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J. Kumar Infraprojects Limited (JKIL) announced the results of its postal ballot, confirming that shareholders have approved a special resolution for capital raising.
The resolution, which allows the company to raise capital in one or more tranches through the issuance of equity shares and/or equity-linked securities, was passed by a significant majority.
The e-voting process for the postal ballot commenced on November 28, 2025, and concluded on December 27, 2025, at 05:00 PM IST. The scrutinizer's report, dated December 29, 2025, confirmed the results. The voting results and the scrutinizer's report are available on the company's website and the NSDL e-voting website.
Promoters and promoter group cast all their votes (35,294,866 shares) in favour of the resolution. Public institutions voted with 85.36% in favour and 14.63% against, out of 21,554,142 votes polled. Public non-institutions cast 56,362 votes, with 97.01% in favour and 2.98% against. Overall, 94.9062% of the valid votes were cast in favour of the resolution, representing 71.65% of the total outstanding shares.
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