Bridge Securities Limited Shareholders Approve Company Name Change Through Postal Ballot

2 min read     Updated on 09 Mar 2026, 06:59 PM
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Reviewed by
Jubin VScanX News Team
Overview

Bridge Securities Limited shareholders approved the company name change through postal ballot with 99.9983% votes in favour on March 7, 2026. The remote e-voting process saw 29.76% participation with 11,568,306 votes polled out of 38,876,000 total shares. The scrutinizer confirmed compliance with all regulatory requirements under Companies Act, 2013.

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*this image is generated using AI for illustrative purposes only.

Bridge Securities Limited has successfully obtained shareholder approval for changing the company name through a postal ballot process. The special resolution was approved with an overwhelming majority on March 7, 2026, marking a significant corporate milestone for the Ahmedabad-based securities company.

Postal Ballot Results

The postal ballot results demonstrate strong shareholder support for the proposed name change. The voting statistics reveal the extent of approval received from the shareholder community.

Voting Category: Details
Total Shares Held: 38,876,000
Votes Polled: 11,568,306
Polling Percentage: 29.76%
Votes in Favour: 11,568,105
Votes Against: 201
Approval Percentage: 99.9983%

Voting Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, following MCA circulars that eliminated the need for physical postal ballot forms. The company utilized NSDL's remote e-voting platform to facilitate shareholder participation.

Process Parameter: Details
Cut-off Date: January 30, 2026
Notice Dispatch Date: February 5, 2026
Voting Commencement: February 6, 2026 (09:00 AM IST)
Voting End Date: March 7, 2026 (05:00 PM IST)
Voting Duration: 30 days

Scrutinizer Report and Compliance

Jitendra Parmar, Practising Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all regulatory requirements under the Companies Act, 2013 and SEBI LODR Regulations, 2015 were properly fulfilled.

Key compliance aspects included:

  • Proper dispatch of postal ballot notice through email to registered shareholders
  • Publication of newspaper advertisements in Financial Express (English and Gujarati) on February 7, 2026
  • Maintenance of transparent voting process through NSDL platform
  • Fulfillment of all conditions under Section 114(2) of the Companies Act, 2013

Shareholder Participation Analysis

The voting pattern showed participation exclusively from public non-institutional shareholders, with no participation from promoter group or institutional investors. Among the participating shareholders, 32 members voted in favour while only 2 members voted against the resolution.

Shareholder Category: Participation
Promoter Group: 0 votes
Public Institutions: 0 votes
Public Non-Institutions: 11,568,306 votes
Invalid Votes: 0

The company's registered office is located at 4th Floor B/408, Stellar, Sindhu Bhavan Road Nr Pakwan Cross Road, Bodakdev, Ahmedabad, Gujarat. The resolution approval enables Bridge Securities Limited to proceed with the formal name change process as per regulatory requirements.

Historical Stock Returns for Bridge Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+1.50%+11.47%+1.67%-16.32%+15.38%+2,792.86%

Bridge Securities Limited Announces Postal Ballot for Company Name Change to Weorg Enterprises Limited

2 min read     Updated on 05 Feb 2026, 06:21 PM
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Reviewed by
Shriram SScanX News Team
Overview

Bridge Securities Limited has announced a postal ballot seeking shareholder approval to change its name to Weorg Enterprises Limited, reflecting its complete business transformation from securities trading to agricultural products commission business. The e-voting process will run from February 6 to March 7, 2026, with results expected by March 10, 2026.

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*this image is generated using AI for illustrative purposes only.

Bridge Securities Limited has announced a postal ballot seeking shareholder approval for a special resolution to change the company name to Weorg Enterprises Limited. The notice, dated February 5, 2026, was submitted to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

Proposed Name Change Details

The company seeks to change its name from Bridge Securities Limited to Weorg Enterprises Limited, subject to approval from the Ministry of Corporate Affairs or other competent authority. The Board of Directors proposed this change at their meeting held on January 16, 2026, and subsequently received MCA approval for name reservation.

Parameter: Details
Current Name: Bridge Securities Limited
Proposed Name: Weorg Enterprises Limited
Board Approval Date: January 16, 2026
MCA Name Reservation: Approved

Business Activity Transformation

The name change reflects the company's significant business transformation. According to the auditor's certificate from M/s. Mitali Modi & Co., Chartered Accountants, the company has shifted from securities trading and brokerage to agricultural products commission business.

Revenue Source (Jan 1, 2025 to Dec 31, 2025): Amount (Rs. in Lakhs)
Income from Security Trading & Brokerage: -
Income from Commission on Agricultural Products: 167.27
Total Revenue: 167.27

The auditor confirmed that 100% of the total revenue in the preceding one-year period has been generated from commission on agricultural products, meeting SEBI's requirement of at least 50% revenue from the new activity.

E-Voting Process and Timeline

The postal ballot will be conducted exclusively through remote e-voting via NSDL's platform. The company has appointed CS Jitendra Parmar, Proprietor of M/s. Jitendra Parmar & Associates, Company Secretaries, as the scrutinizer for the process.

E-Voting Schedule: Date and Time
Cut-off Date: January 30, 2026
Voting Commencement: February 6, 2026 at 09:00 AM (IST)
Voting End: March 7, 2026 at 05:00 PM (IST)
Result Announcement: By March 10, 2026

Shareholder Participation

Only shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 30, 2026, are eligible to vote. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, and depositories NSDL and CDSL.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (LODR) Regulations, 2015, for the name change process. The auditor's certificate confirms compliance with Regulation 45 conditions, including the revenue threshold from new business activities and the one-year gap requirement since the last name change.

If approved by the requisite majority, the special resolution will be deemed passed on March 7, 2026, being the last date of e-voting. The results will be communicated to BSE Limited and made available on the company's website at https://bridgesecurities.in .

Historical Stock Returns for Bridge Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+1.50%+11.47%+1.67%-16.32%+15.38%+2,792.86%

More News on Bridge Securities

1 Year Returns:+15.38%