Nitiraj Engineers Limited has issued a Postal Ballot Notice for its members to vote on a special resolution concerning the utilization of proceeds from its public issue. The company proposes to approve a statement of deviation and variation in the utilization of these proceeds, specifically addressing unutilized issue expenses amounting to ₹22.92 Lakhs. This notice is being sent electronically to members as per MCA circulars and SEBI Listing Regulations. The e-voting period will commence on February 7, 2026, at 9:00 AM IST and conclude on March 9, 2026, at 5:00 PM IST. The results of the postal ballot are scheduled to be announced on March 10, 2026. The proposed deviation involves utilizing the unutilized issue expenses of ₹22.92 Lakhs towards the expansion of the marketing network and brand building, an objective originally stated in the Offer Document dated February 9, 2017. The company confirms that this deviation is in accordance with the Offer Document disclosures, does not adversely impact its financial position, and is expected to enhance operational efficiency and long-term value creation. CA Yash Goyal has been appointed as the scrutinizer for the e-voting process.
