News Corporate Actions ATN International Limited Shareholders Approve Share Capital Reduction at Extra-Ordinary General MeetingATN International Limited Shareholders Approve Share Capital Reduction at Extra-Ordinary General Meeting
ATN International Limited conducted its 1st Extra-Ordinary General Meeting for FY 2025-26 on March 9, 2026, where shareholders approved share capital reduction with 99.35% votes in favour. The special resolution received support from 2,500,275 votes against 16,322, with total participation of 2,516,597 votes representing 6.38% of eligible shares. The voting process combined remote e-voting and physical ballots, overseen by scrutinizer CS A. K. Labh to ensure regulatory compliance.
*this image is generated using AI for illustrative purposes only.
ATN International Limited successfully concluded its 1st Extra-Ordinary General Meeting (EGM) for the Financial Year 2025-26 on March 9, 2026, where shareholders overwhelmingly approved a special resolution for the reduction of share capital. The meeting, held at the company's registered office in Kolkata, demonstrated strong shareholder support for the proposed corporate restructuring initiative.
Voting Results and Shareholder Participation
The special resolution for share capital reduction received exceptional shareholder approval, with detailed voting statistics reflecting broad-based support across different shareholder categories.
| Voting Category | Total Shares | Votes Polled | Polling % | Votes in Favour | Votes Against | Approval % |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 65,444 | 22,541 | 34.44% | 22,541 | 0 | 100.00% |
| Public-Institutions | 1,899 | 0 | 0.00% | 0 | 0 | 0.00% |
| Public-Non Institutions | 39,382,657 | 2,494,056 | 6.33% | 2,477,734 | 16,322 | 99.35% |
| Total | 39,450,000 | 2,516,597 | 6.38% | 2,500,275 | 16,322 | 99.35% |
The resolution achieved the requisite majority with 99.35% of valid votes cast in favour, while only 0.65% voted against the proposal. A total of 2,516,597 votes were polled out of 39,450,000 eligible shares, representing 6.38% participation in the voting process.
Voting Methodology and Process
The company employed a comprehensive voting mechanism combining remote e-voting and physical ballot processes to ensure maximum shareholder participation. Remote e-voting was conducted from 9:00 AM on March 6, 2026, to 5:00 PM on March 8, 2026, providing shareholders with convenient access to the voting platform.
Voting Distribution by Method
| Voting Method | Members Participated | Votes Cast | Percentage |
|---|---|---|---|
| Remote E-voting (Favour) | 41 | 2,402,056 | 96.07% |
| Physical Ballot (Favour) | 52 | 98,219 | 3.93% |
| Remote E-voting (Against) | 8 | 16,322 | 100.00% |
| Physical Ballot (Against) | 0 | 0 | 0.00% |
The voting process also recorded 1,801 invalid votes from 5 members, which were excluded from the final tally as per standard procedures.
Scrutinizer's Oversight and Compliance
CS A. K. Labh of A. K. Labh & Co., Company Secretaries, served as the appointed scrutinizer for the EGM, ensuring compliance with the Companies Act, 2013 and SEBI regulations. The scrutinizer's report confirmed the transparent conduct of the voting process, with votes being unblocked on March 9, 2026, in the presence of two independent witnesses.
The cut-off date for determining eligible shareholders was set as March 2, 2026, and all procedural requirements under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were duly fulfilled.
Corporate Communication and Regulatory Filing
Managing Director Santosh Kumar Jain communicated the voting results to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on March 11, 2026. The company maintains its registered office at 10 Princep Street, 2nd Floor, Kolkata - 700072, and trades under the symbols ATNINTER on NSE and scrip codes 511427 on BSE and 011047 on CSE.
The successful approval of the share capital reduction resolution marks a significant milestone in ATN International Limited's corporate restructuring strategy, with the overwhelming shareholder support providing a strong mandate for the company's strategic initiatives.
20
