Prostarm Info Systems Limited Shareholders Approve Key Resolutions via Postal Ballot
Prostarm Info Systems Limited has announced the successful passing of four special resolutions through a postal ballot conducted via remote e-voting. The resolutions, which were crucial for the compan...
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Why is Prostarm Info Systems Limited in the news today?
Prostarm Info Systems Limited (PROSTARM) is in the news due to the company successfully passed all proposed special resolutions with a significant majority, indicating strong shareholder confidence and support for the company's strategic decisions.
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Prostarm Info Systems Limited Shareholders Approve Key Resolutions via Postal Ballot
January 2, 2026, 07:44 AM
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Prostarm Info Systems Limited has announced the successful passing of four special resolutions through a postal ballot conducted via remote e-voting. The resolutions, which were crucial for the company's financial and operational flexibility, received overwhelming support from the shareholders.
The resolutions passed include:
To Borrow Monies Exceeding the Limits Under Section 180(1)(C) of the Companies Act, 2013.
To Approve Mortgage/Pledge/Hypothecate/Create Charge on the Assets, Properties or Undertaking(s) of the Company Under Section 180(1)(A) of The Companies Act, 2013.
To Approve Transactions Under Section 185 of the Companies Act, 2013.
To Make Investments, Give Loans, Guarantees and Security in Excess of Limits Specified Under Section 186 of The Companies Act, 2013.
The remote e-voting process commenced on December 02, 2025, and concluded on December 31, 2025. The Scrutinizer's Report confirms that all resolutions were passed with the requisite majority, with an overwhelming percentage of votes in favor. The company has made the voting results and the Scrutinizer's Report available on its website.
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