List Of Dissenting Shareholders On Variation In IPO Objects; No Exit Offer Applicable
10 of 181 shareholders who voted dissented on AGM Resolution no. 8 — variation in objects of the IPO (full utilisation of funds for one project in the Prospectus).
- Dissenting Shareholders
- 10 of 181 shareholders who voted dissented on AGM Resolution no. 8
- Largest Dissenting Holding
- 63,000 shares
- Resolution Subject
- Variation in objects of the IPO for full utilisation of funds for one project in the Prospectus
- Exit Opportunity Status
- No exit opportunity applicable as Schedule XX conditions under Reg 59 are not fulfilled
What was shared
The company has disclosed the list of dissenting shareholders under Regulation 59 and Schedule XX of SEBI (ICDR) Regulations, 2018.
The resolution
Resolution no. 8 of the AGM Notice dealt with a variation in the objects of the initial public issue — specifically, full utilisation of funds for one of the projects envisaged in the Objects of the Public Issue referred to in the Prospectus.
Voting outcome disclosed
- 10 shareholders dissented
- Out of a total of 181 shareholders who participated in the voting
Holdings of the dissenting shareholders ranged from 2 shares to 63,000 shares, with other holdings including 8427, 1260, 1179, 920, 650, 264 and 100 shares.
Exit opportunity
When a company changes the stated use of IPO money, SEBI rules can require it to offer an exit to shareholders who voted against. Here the company states that no exit opportunity is applicable, as the conditions stipulated in Schedule XX under Regulation 59 are not fulfilled.
The disclosure is a record-keeping intimation to the exchanges and names the dissenting holders and their shareholdings.
More numbers
- Shareholders who dissented10 Shareholders
- Total shareholders who participated in voting181 shareholders
- Largest dissenting holding (Navneet Mundada HUF)63,000
- Dissenting holding - Mrunal Pankaj Bhatt8427
- Dissenting holding - Vimal Raj1260
- Dissenting holding - Rajendra Bhat1179
- Dissenting holding - Labani Dhar Patel920
- Dissenting holding - Sunil Kumar Agarwal650
- Dissenting holding - Prashant Saraswat264
- Dissenting holding - Prasanta Ghosh100
- Dissenting holding - Dinesh Sudam Patil20
- Dissenting holding - Makwana Jatinbhai Himatbhai2
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