Kanchi Karpooram alters main object clause via postal ballot
Kanchi Karpooram Limited shareholders approved altering Clause III (A) of the Memorandum of Association via postal ballot. The special resolution passed with 99.95% votes in favour, inserting new object clauses 7 and 8. The voting process was overseen by scrutinizer Lovelish Lodha N.
*this image is generated using AI for illustrative purposes only.
Kanchi Karpooram Limited has secured shareholder approval to alter its main object clause following a postal ballot process concluded on June 15, 2026. The special resolution to modify Clause III (A) of the Memorandum of Association received 99.95% of the votes polled, enabling the insertion of new object clauses 7 and 8. This change allows the company to expand its operational scope as defined in its constitutional documents.
The remote e-voting process commenced on May 15, 2026, and concluded on June 13, 2026, utilizing the e-voting facility provided by Central Depository Services Limited (CDSL). Lovelish Lodha N, a Company Secretary in whole-time practice, was appointed as the scrutinizer to oversee the fairness and transparency of the voting process. The scrutinizer's report confirmed that the resolution passed with the requisite majority, as votes in favour significantly exceeded three times the votes cast against.
Voting Breakdown
A total of 1,951,906 votes were polled, representing 44.93% of the company's outstanding shares. The resolution received strong support from both the promoter group and public non-institutional shareholders.
| Shareholder Category | Votes Polled | Votes In Favour | Votes Against | % In Favour |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,800,423 | 1,800,423 | 0 | 100.00 |
| Public - Non Institutions | 151,483 | 150,535 | 948 | 99.37 |
| Total | 1,951,906 | 1,950,958 | 948 | 99.95 |
The detailed results and the scrutinizer's report have been made available on the company's website. The filing was submitted to BSE Limited on June 16, 2026, confirming the successful passage of the resolution.
Historical Stock Returns for Kanchi Karpooram
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.40% | +1.29% | +4.12% | -6.90% | -6.90% | -6.90% |
What specific business sectors or activities do the newly inserted object clauses 7 and 8 target?
What is the expected timeline for the company to launch initiatives under its expanded operational scope?
How will the company fund the expansion into these new business areas?
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