EGM voting results: all 4 resolutions passed, including borrowing limit rise to USD 1,250 million

Voting results of the Extraordinary General Meeting held on 5 October 2026 are out.

Tue 6 Oct 2026

Resolutions Passed

4 resolutions were passed, all as Special Resolutions

Borrowing Limit Increase

increase in the overall borrowing limit up to USD 1,250 million

Resolution 1 Voting

79.1568% of outstanding shares were polled on Resolution 1, and 99.9579% of the votes polled were in favour

The company held its Extraordinary General Meeting on 5 October 2026 and has released the detailed voting results. Four resolutions were placed before shareholders and all four were passed, each as a Special Resolution — which means the approval bar was higher than for an ordinary resolution.

What the resolutions covered

• Alteration of the Articles of Association of the Company.
• Increase in the overall borrowing limit of the Company for an aggregate amount up to USD 1,250 million.
• Creation of a charge, pledge, hypothecation, and/or mortgage by the Company in relation to that debt financing.

The borrowing limit and the charge-creation approval are enabling decisions: they set the ceiling and the security framework under which the Company can raise debt. The promoter/promoter group were stated as not interested in any of the resolutions put to vote.

How shareholders voted

Resolution 1 (alteration of the Articles of Association)

• Total votes polled: 124869787, which is 79.1568% of outstanding shares.
• Votes in favour: 124817215, or 99.9579% of votes polled.
• Votes against: 52572, or 0.0421%.

Resolution 2 (increase in overall borrowing limit up to USD 1,250 million)

• Total votes polled: 124832097, which is 79.1329% of outstanding shares.
• Votes in favour: 123594301, or 99.0084%.
• Votes against: 1237796, or 0.9916%.

Resolution 3 (creation of charge, pledge, hypothecation and/or mortgage for the debt financing)

• Total votes polled: 124832097, which is 79.1329% of outstanding shares.
• Votes in favour: 123594010, or 99.0082%.
• Votes against: 1238087, or 0.9918%.

Who holds and who voted

• Promoter and Promoter Group held 47789930 shares; Public Institutions held 83168091 shares; Public - Non Institutions held 26791979 shares.
• The record date was 25-09-2026, when the Company had 259566 shareholders.
• 4 promoter/promoter group shareholders and 66 public shareholders attended the meeting in person or through proxy; 44 public shareholders attended through video conferencing.
• Invalid votes: Public Institutions 471710, Public - Non Institutions 0, Promoter and Promoter Group 0.

What this means for investors

• The outcome is a clean pass on all resolutions, with over 99% of the votes polled in favour on each one.
• The borrowing limit of up to USD 1,250 million and the security-creation approval give the Company headroom to arrange debt financing; whether and when the Company draws on it would be a separate, later event.
• The Articles of Association change is an amendment to the Company's governing document, taken through a Special Resolution.

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