Jhaveri Credits & Capital Ltd has initiated a postal ballot process to seek shareholder approval for altering its main object clause and changing its corporate name. The company plans to implement these structural changes through special resolutions, with voting scheduled to begin on October 1, 2026.

The proposal involves amending the Memorandum of Association to reflect the new main object clause. Additionally, shareholders will vote on the change of name, which necessitates consequent alterations to both the Memorandum and Articles of Association. The notice was dispatched on September 30, 2026, following the cut-off date of September 25, 2026.

Voting timeline and eligibility

Shareholders recorded in the Register of Members or Register of Beneficial Owners as on the cut-off date are eligible to vote. The voting rights are proportional to equity shareholding in the paid-up capital. The e-voting facility, managed by National Securities Depository Limited (NSDL), will be active from 9:00 am on October 1, 2026, until 5:00 pm on October 30, 2026.

Regulatory compliance and disclosure

This action is taken under Section 110 of the Companies Act, 2013, and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolutions are deemed passed on the last day of voting, October 30, 2026, subject to the scrutiny report submitted by November 3, 2026.

The Postal Ballot Notice and Explanatory Statement are available on the company's website and the NSDL e-voting portal. Electronic voting is mandatory for all eligible members, ensuring transparency in the approval process for these significant corporate changes.

Jhaveri Credits & Capital shareholders unanimously approved all four resolutions at the 32nd Annual General Meeting held on September 25, 2026. The meeting, conducted via video conferencing, saw a voting turnout of 62.88% of outstanding shares.

The agenda included the adoption of audited financial statements for FY26 and the reappointment of director Vishnukumar Vitthaldas Patel. Crucially, shareholders granted the Board authority to borrow money in excess of the company's paid-up share capital and free reserves under Section 180(1)(c) of the Companies Act, 2013. This special resolution received overwhelming support, with 99.99% of votes polled in favor.

Voting participation and outcomes

The total number of shareholders on the record date was 4,072. Voting was conducted through remote e-voting and e-voting during the meeting. The promoter group, holding 4,861,681 shares, voted in favor of all resolutions. Public non-institutional shareholders holding 4,231,535 shares participated with a turnout of 26.07%, casting 1,103,369 votes. Institutional public shareholders did not cast any votes.

What the Numbers Show

The voting data reveals a highly concentrated shareholder base where promoter holdings dictate the outcome. Promoters held 51.25% of the total outstanding shares (4,861,681 out of 9,485,936). Since promoters voted 100% in favor, they alone secured more than half the votes required for ordinary resolutions. For special resolutions, which typically require a 75% majority, the promoter block combined with the small fraction of dissenting public votes (113 votes against) resulted in a near-unanimous approval rate of 99.9981% across all items. The absence of institutional voting (0 votes from institutions holding 392,720 shares) further highlights the dominance of retail and promoter interests in this governance event.