Siyaram Recycling shareholders approve authorised share capital increase
- Shareholders approved ordinary resolution to increase authorised share capital
- Resolution passed with 99.96% of votes polled in favour
- Promoter group cast 100% of their shares in favour of the resolution
- Public non-institutional participation rate stood at 4.35%
- Scrutinizer report submitted on August 31, 2026
*this image is generated using AI for illustrative purposes only.
Shareholders of Siyaram Recycling Industries Ltd approved an ordinary resolution to increase the authorised share capital and alter the capital clause of the Memorandum of Association. The remote e-voting period closed on August 29, 2026.
The postal ballot notice was dated July 29, 2026, and the record date for shareholder eligibility was July 24, 2026. The scrutinizer's report was submitted on August 31, 2026, by CS Murtuza Mandor of Murtuza Mandorwala & Associates, Ahmedabad. The total number of shareholders on the record date stood at 2,614.
Voting results summary
The resolution was passed with requisite majority. Of the total shares held across all categories, 11,692,500 votes were polled against a total of 21,789,212 shares, representing a participation rate of 53.6619% of outstanding shares. The following table captures the overall outcome.
| Metric | Value |
|---|---|
| Total shares (all categories) | 21,789,212 |
| Total votes polled | 11,692,500 |
| % of votes polled on outstanding shares | 53.6619% |
| Votes in favour | 11,688,000 |
| Votes against | 4,500 |
| % of votes in favour on votes polled | 99.9615% |
| % of votes against on votes polled | 0.0385% |
| Resolution passed | Yes |
Category-wise voting breakdown
The promoter and promoter group category held 11,233,500 shares and cast all votes via postal ballot, with 11,233,500 votes in favour and none against, representing 100% participation. The public non-institutions category held 10,555,712 shares, of which 459,000 votes were polled — a participation rate of 4.3484%. Within this category, 454,500 votes were in favour and 4,500 were against, translating to 99.0196% in favour and 0.9804% against on votes polled. No data was reported for the public institutions category.
| Category | Shares held | Votes polled | % polled | Votes in favour | Votes against | % in favour | % against |
|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 11,233,500 | 11,233,500 | 100 | 11,233,500 | 0 | 100 | 0 |
| Public non-institutions | 10,555,712 | 459,000 | 4.3484 | 454,500 | 4,500 | 99.0196 | 0.9804 |
| Total | 21,789,212 | 11,692,500 | 53.6619 | 11,688,000 | 4,500 | 99.9615 | 0.0385 |
E-voting process and scrutinizer details
The e-voting facility was provided through the National Securities Depository Limited platform. Votes were unblocked on August 29, 2026, at around 6:45 pm in the presence of two witnesses not employed by the company. The scrutinizer was appointed by the Board of Directors at its meeting on July 29, 2026, and the report was issued to the company on August 31, 2026.
| Parameter | Details |
|---|---|
| Scrutinizer | CS Murtuza Mandor |
| Firm | Murtuza Mandorwala & Associates |
| Membership number | F10745 |
| CP number | 14284 |
| Date of appointment | July 29, 2026 |
| Report issued | August 31, 2026 |
| E-voting platform | NSDL |
| E-voting period | July 31, 2026 to August 29, 2026, 5:00 pm |
The promoter and promoter group were not interested in the agenda or resolution, as disclosed in the voting results. No invalid or abstained votes were recorded across any category.
Historical Stock Returns for Siyaram Recycling Industr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.02% | -2.00% | -3.44% | -17.32% | -65.79% | -42.23% |
What specific strategic initiatives or capital-intensive projects is Siyaram Recycling Industries planning to fund with the increased authorized share capital?
How might the low participation rate (4.35%) among public non-institutional shareholders impact future governance dynamics or minority shareholder sentiment?
Will the company announce a fresh equity issuance or rights issue in the near term to utilize the newly authorized capital headroom?
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