Icon Facilitators Issues Postal Ballot Notice for ₹2.95 Crore Property Transaction
Icon Facilitators Limited issued a postal ballot notice seeking shareholder approval for a ₹2.95 crore related party transaction to purchase immovable property from Director Ms. Pooja Makhiija and amendment to expand business scope. Remote e-voting is scheduled from January 7-February 5, 2026.
*this image is generated using AI for illustrative purposes only.
Icon Facilitators Limited has issued a postal ballot notice dated January 6, 2026, seeking shareholder approval for a related party transaction worth ₹2.95 crore and amendment to its Memorandum of Association. The notice was submitted to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Postal Ballot Details and Timeline
The company has scheduled remote e-voting for shareholders to approve two key resolutions through electronic voting facility provided by Central Depository Services Limited (CDSL).
| Parameter: | Details |
|---|---|
| E-voting Commencement: | January 7, 2026 (9:00 AM IST) |
| E-voting End: | February 5, 2026 (5:00 PM IST) |
| Cut-off Date: | January 2, 2026 |
| Result Declaration: | On or before February 7, 2026 |
| BSE Scrip Code: | 544426 |
Related Party Transaction for Property Purchase
The first resolution seeks approval for purchasing immovable property from Ms. Pooja Makhiija, Director and Promoter of the company. The board approved this transaction on December 29, 2025, following recommendation from the Audit Committee.
| Transaction Details: | Information |
|---|---|
| Related Party: | Ms. Pooja Makhiija |
| Relationship: | Spouse of Mr. Dinesh Makhiija (Director & Promoter) |
| Transaction Value: | ₹2.95 crore |
| Nature: | Purchase of immovable property |
| Shares Held by Related Party: | 8,24,847 equity shares |
| Resolution Type: | Ordinary Resolution |
The company currently operates from premises owned by Ms. Pooja Makhiija and incurs recurring rental expenses. The proposed acquisition aims to eliminate rental costs, provide long-term savings, and create a tangible asset to strengthen the balance sheet.
Memorandum of Association Amendment
The second resolution proposes alteration in the company's object clause to expand business activities beyond current technical and maintenance services.
| Amendment Details: | Information |
|---|---|
| New Business Scope: | Technical, engineering, repair, maintenance services |
| Trading Activities: | Machinery, tools, spare parts, components |
| Import/Export: | Movable properties related to services |
| Resolution Type: | Special Resolution |
| Purpose: | Operational efficiency and cost optimization |
The expanded scope includes trading, buying, selling, importing, and exporting movable properties including machinery, tools, spare parts, and components used in technical and maintenance services.
Regulatory Compliance and Voting Process
Mr. Raghav Bansal, Company Secretary in practice, has been appointed as Scrutinizer for conducting the postal ballot process. The company's Registrar and Share Transfer Agent, Maashitla Securities Private Limited, will facilitate the e-voting process.
| Compliance Details: | Information |
|---|---|
| Scrutinizer: | Mr. Raghav Bansal (CP No. 14869) |
| RTA: | Maashitla Securities Private Limited |
| Voting Method: | Remote e-voting only |
| Notice Distribution: | Electronic mode to registered email addresses |
| Company Secretary: | Pooja (Compliance Officer) |
Historical Stock Returns for Icon Facilitators
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.29% | +4.17% | +3.11% | -23.68% | -41.52% | -41.52% |
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