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Vels Film International Limited has announced a board meeting to discuss the special resolution for disinvestment of equity shares in Vels Studios and Entertainment Private Limited. The meeting recorded 1,137,400 votes in favor, signaling solid support, although the 9,481,600 votes from promoters were deemed invalid due to their interest in the resolution. This approval could streamline operations and optimize capital allocation, enhancing the company's strategic position. Investor sentiment may remain cautiously optimistic, considering the potential for increased focus on core assets and future growth opportunities, despite the voting irregularity among promoters.