Arvind Ltd: Special Resolution to Raise Capital Approved by Shareholders with Over 99% Vote in Favour
The shareholders of Arvind Ltd approved a crucial special resolution pertaining to raising capital through the issuance of Equity Shares and/or other Eligible Securities. The resolution received overwhelmingly positive support, being passed on August 2, 2026, with approximately 99% or more of total votes polled in favour.The results stem from a Postal Ballot notice issued on July 3, 2026, during which voting commenced on July 4, 2026, and concluded on August 2, 2026.
The resolution required the approval of members as a Special Resolution to facilitate the capital raising initiative. The Scrutinizer's report showed strong consensus across all categories.
Key details regarding the voting process are summarized below:
| Metric | Figure |
|---|---|
| Total Members on Record Date | 184,979 |
| Total Votes Polled | 181,892,333 |
| Votes in Favour | 180,931,469 |
| Percentage of Votes in Favour | 99.4717% |
The voting results indicated that the resolution met the requisite majority and was deemed passed. The approval spanned various voting segments, including Promoter and Promoter Group and Public Institutions.
Specific data regarding invalid votes noted that 29,300 votes were invalid among the Public Non Institutions category.
ARVIND Stock Price Movement
Arvind Limited shares edged higher on Friday, gaining 1.71% to settle at ₹513.20. The equity traded a volume of 570,285 shares during the session, closing within an intraday range established between ₹505.10 and ₹519.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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