Kapston Services Limited has announced the results of its postal ballot (remote e-voting), indicating that both resolutions put forth to the shareholders have been passed with the requisite majority. The first resolution, an ordinary resolution, was to approve an increase in the authorized share capital and a consequent alteration of the Memorandum of Association (MOA) of the company. Shareholders overwhelmingly approved this, with 100% of the votes polled in favour from the Promoter and Promoter Group, and 33.34% of the votes polled in favour from Public-Non Institutions. The total votes polled represented 81.91% of the total outstanding shares. The second resolution, also an ordinary resolution, was to approve the issue of bonus shares to the equity shareholders of the Company. This resolution also received strong approval, with 100% of the votes polled in favour from the Promoter and Promoter Group, and 33.34% of the votes polled in favour from Public-Non Institutions. The total votes polled represented 81.91% of the total outstanding shares. The company has submitted the voting results and the Scrutinizer’s report to the National Stock Exchange of India Limited. This disclosure is also available on the company's website.
