Authum Investment amends MOA with 99.99% shareholder approval
Authum Investment & Infrastructure Limited shareholders have approved the amendment to the company's Memorandum of Association with 99.99% of votes polled in favour. The postal ballot, which concluded on June 27, 2026, recorded an 86.26% participation rate with 732.56 million votes cast. The resolution expands the company's business objectives to include investment, financial services, and portfolio management activities.
*this image is generated using AI for illustrative purposes only.
Authum Investment & Infrastructure Limited has received shareholder approval to amend its Memorandum of Association (MOA) following a postal ballot conducted through remote e-voting. The special resolution, which sought to modify the object clause and other provisions in accordance with the Companies Act, 2013, was passed with 99.99% of the votes polled in favour. The outcome signifies broad investor support for the company's proposed structural changes to its business objectives.
The postal ballot process was overseen by scrutinizer Mayank Arora of Mayank Arora & Co., Company Secretaries. Voting commenced on May 29, 2026, and concluded on June 27, 2026. A total of 73,25,61,842 votes were cast, representing an 86.26% participation rate based on the total outstanding shares. The resolution received 732,561,547 votes in favour and 295 votes against, with no invalid votes recorded.
The amendment involves the expansion and refinement of the object clause contained in Clause III of the MOA. This includes the insertion of new sub-clauses to broaden the scope of activities the company may pursue, such as acting as an investment company, providing financial services, and undertaking portfolio management. The changes also authorize the company to act as a sponsor, trustee, or investment manager to asset management companies and mutual funds.
The table below summarizes the voting results for the resolution:
| Category | No. of Shares Held | No. of Votes Polled | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 58,43,63,708 | 58,43,63,708 | 58,43,63,708 | 0 | 100 |
| Public - Institutions | 12,26,26,364 | 5,99,55,528 | 5,99,55,528 | 0 | 100 |
| Public - Non-Institutions | 14,22,35,428 | 8,82,42,606 | 8,82,42,311 | 295 | 99.9997 |
| Total | 84,92,25,500 | 73,25,61,842 | 73,25,61,547 | 295 | 99.99 |
Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted the voting results and the scrutinizer's report to the stock exchanges. The detailed results are also available on the company's website. The Board had authorized the Company Secretary to disseminate the outcome and file necessary documents with the Registrar of Companies to give effect to the amendments.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE206F01022/d53102cf064f455e.pdf
Historical Stock Returns for Authum Inv & Infr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | -5.80% | +8.21% | -9.90% | -1.54% | +179.66% |
What specific sectors or asset classes does Authum Investment plan to target following the expansion of its investment and portfolio management activities?
How will the authorization to act as a sponsor or trustee for mutual funds impact the company's capital structure and regulatory compliance requirements?
Does the company intend to pursue any acquisitions or strategic partnerships to operationalize its new financial service capabilities?
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