B Right Realestate Limited Shareholders Unanimously Approve Fund Raising and Stock Exchange Migration Plans
B Right Realestate Limited's shareholders unanimously approved two special resolutions via postal ballot. The first allows the company to raise funds through equity shares, other securities, or debt borrowing. The second permits migration from BSE SME Platform to main boards of BSE, NSE, or other recognized exchanges. The voting saw 74.53% participation, with 100% approval for both resolutions. The promoter group showed nearly full participation, while public non-institutional shareholders had a lower but significant engagement rate.

*this image is generated using AI for illustrative purposes only.
B Right Realestate Limited , a company listed on the BSE SME Platform, has successfully concluded a significant postal ballot voting process, marking a pivotal moment in its corporate journey. The company's shareholders have unanimously approved two special resolutions that could shape its future financial strategies and market presence.
Key Developments
Fund Raising Approval
Shareholders have given the green light for the company to raise funds through the issuance of equity shares, other eligible securities, or by way of debt borrowing. This decision provides B Right Realestate with flexible financing options to support its growth initiatives.
Stock Exchange Migration
The second approved resolution allows the company to migrate its listing from the BSE SME Platform to the Main Board of BSE Limited, National Stock Exchange of India Limited, or other recognized stock exchanges. This move could potentially increase the company's visibility and liquidity in the market.
Voting Process and Results
The postal ballot voting period ran from July 27 to August 25, with shareholders holding shares as of July 18 eligible to participate. The process saw robust engagement from shareholders:
- Total shares: 10,331,200
- Shares voted: 7,700,048 (74.53% participation)
- Number of voting members: 32
Both special resolutions received unanimous approval, with 100% of the voting shareholders supporting the proposals. Notably, no votes were cast against either resolution.
Breakdown of Shareholder Participation
Category | Shares Held | Shares Voted | % of Votes Polled |
---|---|---|---|
Promoter and Promoter Group | 7,454,480 | 7,454,448 | 100.00 |
Public - Non Institutions | 2,876,720 | 245,600 | 8.54 |
Total | 10,331,200 | 7,700,048 | 74.53 |
The voting results highlight strong support from the promoter group, with nearly full participation, while the public non-institutional shareholders showed a lower but still significant engagement rate.
Implications and Next Steps
The approval of these resolutions opens new avenues for B Right Realestate Limited. The fund-raising capability could provide the necessary capital for expansion or debt restructuring, while the potential migration to a main board could enhance the company's market standing and attract a broader investor base.
Rinkesh Gala & Associates, a practicing company secretary firm, served as the scrutinizer for the postal ballot process, ensuring its integrity and compliance with regulatory requirements.
As B Right Realestate Limited moves forward with these shareholder-approved plans, market observers will be keen to see how the company leverages these opportunities for growth and enhanced market presence.
Historical Stock Returns for B Right Realestate
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+2.46% | +8.59% | +66.17% | +19.66% | +148.21% | +170.78% |