Jetmall Spices Shareholders Approve Name Change to Artemis ADR Marketplace Limited
Jetmall Spices and Masala Limited has successfully completed its postal ballot process with shareholders unanimously approving the company name change to Artemis ADR Marketplace Limited. The special resolution received 100% approval from participating shareholders with 4,174,300 votes in favour and zero against, achieving 69.65% overall participation rate from eligible shareholders.
*this image is generated using AI for illustrative purposes only.
Jetmall spices & masala has successfully completed its postal ballot process for a significant corporate restructuring initiative. The company's shareholders have unanimously approved the proposal to change the company name from Jetmall Spices and Masala Limited to Artemis ADR Marketplace Limited, along with consequential alterations to the Memorandum of Association and Articles of Association.
Official Declaration and Compliance
The company officially declared the postal ballot results on May 03, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration was submitted to BSE Limited, confirming the successful completion of the remote e-voting process for the special resolution.
Voting Results and Participation
The special resolution received overwhelming support from shareholders across all categories. The voting was conducted entirely through remote e-voting facility provided by Central Depository Services (India) Limited (CDSL).
| Voting Category | Shares Held | Votes Polled | Participation (%) | Votes in Favour | Votes Against | Approval Rate (%) |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 2,116,300 | 2,116,300 | 100.00 | 2,116,300 | 0 | 100.00 |
| Public- Institutions | 0 | 0 | 0.00 | 0 | 0 | 0.00 |
| Public- Non Institutions | 3,876,600 | 2,058,000 | 53.09 | 2,058,000 | 0 | 100.00 |
| Total | 5,992,900 | 4,174,300 | 69.65 | 4,174,300 | 0 | 100.00 |
The resolution achieved 100% approval rate from participating shareholders, with 4,174,300 votes cast in favour and zero votes against the proposal. The overall participation rate stood at 69.65% of the total outstanding shares.
Postal Ballot Process Timeline
The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The complete timeline details include:
| Process Parameter | Details |
|---|---|
| Record Date | March 27, 2026 |
| Notice Date | April 02, 2026 |
| E-voting Start | April 03, 2026 at 9:00 AM |
| E-voting End | May 02, 2026 at 5:00 PM |
| Results Declaration | May 03, 2026 |
| Total Shareholders on Record Date | 122 |
Scrutinizer Report and Validation
CS Nishant Jain (ACS No. 75032, CP No. 27747), Proprietor of M/s. Nishant Jain & Associates, was appointed as the scrutinizer by the Board of Directors during their meeting held on April 02, 2026. The scrutinizer submitted the final report on May 03, 2026, confirming compliance with all applicable regulations.
The scrutinizer's report confirmed that the voting process was conducted in strict compliance with the Companies Act, 2013, SEBI listing regulations, and relevant MCA circulars. No invalid votes were recorded, and there were no abstained votes during the entire process.
Corporate Communication Framework
The company ensured comprehensive dissemination of information through multiple channels as required under regulatory guidelines. The postal ballot notice was made available on the company's website at jetmallltd.in, BSE website, and CDSL's e-voting portal. Newspaper advertisements were published in "The Pioneer" (English) and "Dainik Savera" (Hindi) on April 03, 2026, fulfilling the Companies Rules requirements.
The successful completion of this postal ballot represents a significant milestone in the company's corporate restructuring journey, with the approved name change to Artemis ADR Marketplace Limited reflecting the company's strategic transformation and future business direction.
What specific ADR marketplace services will Artemis ADR Marketplace Limited offer following this strategic transformation?
How will this name change and business pivot impact the company's financial performance and revenue streams in the coming quarters?
What partnerships or regulatory approvals might be required for the company to operate effectively in the ADR marketplace sector?
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