GRE Renew Enertech Announces Results of Postal Ballot on IPO Proceeds Variation
GRE Renew Enertech Ltd, formerly known as GRE Renew Enertech Private Limited, has announced the results of a Special resolution concerning the variation in the Utilisation of the Initial Public Offering (IPO) proceeds. The postal ballot was conducted following the Notice issued on May 25, 2026, with the Annual General Meeting scheduled for June 24, 2026.The voting results show that the resolution passed unanimously across all categories presented in the records. Out of a total of 14,288,000 outstanding shares relevant to the vote, 11,242,600 votes were polled, resulting in a strong approval rate for the proposed variation.
Voting Summary by Category
The detailed voting results, covering Promoter/Promoter Group, Institutions, and Public-Institutions, are summarized below:| Stakeholder Category | Total Shares Held (1) | Votes Polled (2) | % of Votes Polled on Outstanding Shares (3) | Votes in Favour (4) | Votes Against (5) | % of Votes in Favour on Votes Polled (6) | % of Votes Against on Votes Polled (7) |
|---|---|---|---|---|---|---|---|
| Promoter/Promoter | 10,000,000 | 10,000,000 | 100.00 | 10,000,000 | 0 | 100.00 | 0 |
| Institutions | 1,354,000 | 594,000 | 43.87 | 594,000 | 0 | 100.00 | 0 |
| Public-Institutions | 2,934,000 | 648,600 | 22.11 | 648,600 | 0 | 100.00 | 0 |
| Total | 14,288,000 | 11,242,600 | 78.68 | 11,242,600 | 0 | 100.00 | 0 |
The resolution required was Special, and the reports indicate that neither the promoter nor the promoter group had an interest in the agenda or resolution being considered.
Details of Invalid Votes
Zero votes were reported as invalid across all categories: Promoter and Promoter Group, Public Institutions, and Public - Non-Institutions.Stock Price Movement
GRE Renew Enertech Ltd finished its trading session on Tuesday by settling at ₹151.00, which marked a solid 0.33% gain for the shares. The stock traded within an intraday range, hitting a high of ₹151.00 and dipping as low as ₹150.50.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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