Narmada Agrobase Ltd Board Approves Postal Ballot for Variation in Rights Issue Object
Narmada Agrobase Limited announced key decisions following its Board of Directors meeting held on June 29, 2026. The Board reviewed and approved critical procedural matters related to the ongoing Rights Issue, including a necessary variation in the object of the issue.The company's directors utilized the meeting to approve the Notice of Postal Ballot. This ballot is intended to obtain shareholder approval for modifying the objects of the Rights Issue. The modification pertains to the utilization of funds derived from the net proceeds of the equity shares issue and refers to the original objects specified in the Letter of Offer dated September 17, 2024.
In preparation for this shareholder action, the Board also approved measures to ensure a fair and transparent voting process. A key appointment made during the meeting was that of Mr. Punit Santoshkumar Lath, who has been appointed as the Scrutinizer. He will conduct the e-voting process through Postal Ballot on behalf of Narmada Agrobase Limited.
NARMADA Stock Price Movement
As of 11:53 AM, Narmada Agrobase Limited shares are shedding 1.01% in live trading, currently dipping to ₹42.3. The stock trades within its daily range, having touched a low of ₹40.5 while reaching an intraday high of ₹43.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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