Jai Balaji Industries Limited — Others, 20-12-2024: Shareholders meeting

Jai Balaji Industries Limited has disclosed the results of a postal ballot where shareholders approved three significant resolutions, including the sub-division of equity shares from a face value of ₹10 to ₹2 each, as well as alterations to the Memorandum and Articles of Association to reflect this change. A total of 140.17 crore shares were voted, with an overwhelming majority in favor—99.9999%. This strategic move may enhance liquidity and attract more retail investors, potentially fostering a positive outlook for the stock as the company positions itself for greater market participation.