Ushanti Colour Chem Limited Board Approves Migration to NSE Main Board; Outlines Postal Ballot Process
Ushanti Colour Chem Limited announced outcomes from its Board Meeting held on May 26, 2026. During the meeting, the Board of Directors considered and approved key corporate actions, primarily concerning the migration of the company's securities to the National Stock Exchange (NSE) Main Board.The central resolution passed by the Board authorized the migration and listing of the company's equity shares from the 'SME Emerge Platform' to the 'Main Board' of the National Stock Exchange. This move is subject to the necessary approval of the company's shareholders, the NSE, and all concerned parties. The Board also authorized the company to undertake all related formalities, including making any necessary representations before various authorities and carrying out consequential acts for the successful migration.
Postal Ballot and Scrutinizer Appointment
To facilitate this transition, the Board approved the issuance of a Notice of Postal Ballot to obtain requisite shareholder approval for the migration of the company's securities from the 'SME Emerge Platform' to the 'Main Board' of the NSE.To ensure transparency during the voting process, the Board appointed CS Kunal Sharma, Proprietor of Kunal Sharma & Associates, Company Secretary in Practice (FCS No. 10329 and CP No. 12987), as the Scrutinizer. Mr. Sharma will scrutinize the Postal Ballot process conducted solely through Remote E-Voting.
The company also finalized the necessary calendar of events and cut-off dates crucial for the smooth execution of the Postal Ballot process.
Meeting Details
The board meeting commenced at 12:00 PM IST and concluded at 12:45 PM IST on May 26, 2026.For quick reference, the key operational details approved during the board meeting include:
| Detail | Description |
|---|---|
| Company | Ushanti Colour Chem Limited |
| Board Meeting Date | May 26, 2026 |
| Core Action | Migration to NSE Main Board |
| Process Initiated | Notice of Postal Ballot |
| Scrutinizer Appointed | CS Kunal Sharma |
| Meeting Duration | 12:00 PM IST to 12:45 PM IST |
UCL Stock Price Movement
Shares of Ushanti Colour Chem Limited today shed value, settling at ₹150, dropping significantly from yesterday's close of ₹155.75. Despite the slide, the equity remains anchored in a strong range, with the year's 52-week high recorded at ₹155.75.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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