Pratiksha Chemicals postpones 35th AGM to September 30, 2026

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Pratiksha Chemicals (Vellora Impact Ltd) postpones 35th AGM to September 30, 2026
  • Rescheduling allows inclusion of an additional resolution in the AGM notice
  • Remote e-voting window shifts to September 27-29, 2026
  • Previous votes cast under the old schedule are invalid and must be recast
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Pratiksha Chemicals (now Vellora Impact Limited) has postponed its 35th Annual General Meeting from September 18, 2026, to September 30, 2026. The Board of Directors approved the rescheduling during a meeting held on September 8, 2026, to facilitate the inclusion of an additional resolution in the AGM notice.

The meeting will be held at 12:00 noon at the company’s registered office in Ahmedabad, Gujarat. This follows the original notice issued on August 26, 2026, which is now superseded regarding the date and agenda changes.

Revised E-Voting Schedule

The Board has updated the remote e-voting timeline to align with the new AGM date. Shareholders who voted under the previous schedule must cast their votes again, as earlier votes will not be counted.

Particulars Revised Schedule
Cut-off Date for determining eligibility to vote September 23, 2026
Commencement of Remote E-Voting September 27, 2026 at 9:00 am
End of Remote E-Voting September 29, 2026 at 5:00 pm

Additional Disclosures

The revised Notice of the 35th AGM, dated September 8, 2026, incorporates the additional resolution along with requisite explanatory statements. The company will circulate this revised notice to all eligible members and make it available on its website.

All consequential changes related to e-voting schedules, cut-off dates, newspaper publications, and regulatory filings have been authorized by the Board. The remote e-voting facility will operate in accordance with the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and applicable Secretarial Standards.

Historical Stock Returns for Pratiksha Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-1.72%-9.75%-18.33%-27.27%-39.79%-34.08%

What is the specific nature of the additional resolution added to the agenda, and how might it impact the company's strategic direction?

Could the postponement and agenda changes signal any underlying governance issues or shareholder dissent that investors should monitor?

How might the requirement for shareholders to recast their votes affect voter turnout and the final outcome of the AGM resolutions?

Vellora Impact shareholders reject two share capital resolutions

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Shareholders rejected both special and ordinary resolutions regarding authorised share capital
  • Only 2.18% of outstanding shares were polled in the postal ballot process
  • Promoter group abstained from voting despite holding 17,4029 shares
  • Public non-institutional investors voted against both resolutions by margins exceeding 60%
  • Scrutinizer A. Shubhangi & Associates confirmed no invalid votes were cast
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Shareholders of Vellora Impact Limited have rejected both resolutions proposed in its recent postal ballot, including a special resolution to rescind a previous capital increase.

The company, formerly known as Pratiksha Chemicals Limited, disclosed the voting results on September 5, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process concluded on September 4, 2026.

Voting Outcome

Two resolutions were put before the members for approval via remote e-voting. Neither resolution secured the requisite majority to pass.

Resolution 1: Rescinding Previous Capital Increase

This special resolution sought to rescind an ordinary resolution passed at the Extra Ordinary General Meeting held on February 20, 2026, which had increased the authorised share capital and altered Clause V of the Memorandum of Association.

Category Votes Polled In Favour Against % In Favour Status
Public-Non Institutions 12,1915 4,8210 7,3705 39.54% Not Passed
Promoters/Institutions 0 0 0 0.00% Not Passed

Only public non-institutional shareholders cast votes for this resolution. Promoters and institutional investors did not participate in the voting process.

Resolution 2: Increase in Authorised Share Capital

The second resolution was an ordinary resolution proposing an increase in authorised share capital and a consequent amendment to Clause V of the Memorandum of Association.

Category Votes Polled In Favour Against % In Favour Status
Public-Non Institutions 12,1915 4,8185 7,3730 39.52% Not Passed
Promoters/Institutions 0 0 0 0.00% Not Passed

Similar to the first resolution, voting participation was limited to public non-institutional shareholders. The promoter group, holding 17,4029 shares as on the record date, abstained from voting on both agendas.

Scrutinizer Report

A. Shubhangi & Associates, Practising Company Secretaries, served as the scrutinizer for the postal ballot. The firm confirmed that the remote e-voting facility was provided by NSDL and remained open from August 6, 2026, at 9:00 am until September 4, 2026, at 5:00 pm.

The scrutinizer’s report noted that no invalid votes were recorded across any shareholder category. The total number of shareholders on the record date of July 31, 2026, stood at 6,925.

What the Numbers Show

The rejection of both resolutions highlights a significant divergence between promoter interest and public shareholder sentiment. While the promoter group held approximately 31% of the outstanding shares (17,4029 out of 55,70340 total shares), their complete absence from the voting process left the outcome entirely dependent on retail and non-institutional investors. With only 2.18% of outstanding shares polled, the low participation rate suggests limited engagement among the broader shareholder base regarding these structural capital changes.

Historical Stock Returns for Pratiksha Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-1.72%-9.75%-18.33%-27.27%-39.79%-34.08%

How will the failure to rescind the previous capital increase impact Vellora Impact Limited's immediate ability to raise funds or execute planned strategic expansions?

What steps might the promoter group take to re-engage with public shareholders and address the concerns that led to the 60% rejection rate in this ballot?

Could the low voting participation rate (2.18%) trigger regulatory scrutiny from SEBI regarding corporate governance practices or shareholder communication strategies?

More News on Pratiksha Chemicals

1 Year Returns:-39.79%