Abate AS Industries , formerly known as Trijal Industries Limited, has received overwhelming shareholder approval for a significant corporate action. The company's shareholders have voted in favor of increasing the authorized share capital and altering the Memorandum of Association through a postal ballot process.

Voting Results

The special resolution, which required a three-fourths majority, was passed with an impressive 99.99% approval rate. Here's a breakdown of the voting results:

Voting Process

The e-voting process was conducted from October 21 to November 19. S. Vasudevan of Lakshmmi Subramanian & Associates, a practicing Company Secretary, was appointed as the scrutinizer to ensure a fair and transparent voting process.

Shareholder Participation

Out of 2,460 shareholders on the record date of October 17, 36 members participated in the e-voting process, representing a significant portion of the company's shares.

Implications

This approval allows Abate AS Industries to expand its capital structure, which may provide the company with greater flexibility for future growth initiatives or financial restructuring. The alteration of the Memorandum of Association typically accompanies such changes to reflect the new capital structure.

Company Background

Abate AS Industries is headquartered in Coimbatore, Tamil Nadu. The company's actions reflect its commitment to corporate governance and shareholder engagement in key decision-making processes.

Investors and stakeholders should note that this development may have implications for the company's future financial strategies and potential for expansion.

Abate AS Industries has announced the approval of its standalone and consolidated unaudited financial results for the quarter ended September 30, 2025. The company's Board of Directors convened on November 10, 2025, to review and approve these results, marking a significant corporate action for the firm.

Key Highlights

1. Bonus Share Issuance: Abate AS Industries completed a 1:1 bonus share issue on July 31, 2025, effectively doubling its equity share capital.
2. Increased Share Capital: Post-bonus issue, the company's equity share capital stands at Rs 157.60 crores, comprising 15,76,06,456 equity shares of Rs 10 each.
3. Subsidiary Operations: The company operates through three subsidiaries and one associate company:
   • Salamath Import and Exports Private Limited
   • Prudential Management Services Private Limited
   • SKY International Trading W.L.L
   • SAIA Educational Support Services W.L.L (Associate Company)

Board Meeting Details

The Board of Directors met on November 10, 2025, to discuss and approve the financial results. The meeting commenced at 4:30 PM and concluded at 6:35 PM. During this meeting, the Board approved the standalone and consolidated unaudited financial results for the quarter ended September 30, 2025, along with the Limited Review Report.

Corporate Governance

In compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Abate AS Industries has promptly disclosed the outcome of the Board Meeting to the Bombay Stock Exchange. This transparency ensures that shareholders and potential investors are kept informed about significant corporate actions and financial performance.

The company's commitment to timely disclosure and adherence to regulatory requirements underscores its focus on maintaining good corporate governance practices. Investors and market analysts will likely be keen to analyze the detailed financial results to gauge the company's performance in the second quarter of the fiscal year 2025-2026.

As Abate AS Industries continues to grow and expand its operations through its subsidiaries and associate company, stakeholders will be watching closely to see how these entities contribute to the overall financial health and strategic direction of the company in the coming quarters.