Semac Construction Limited — Others, 29-03-2025: Shareholders meeting

Semac Consultants Ltd. has announced a board meeting to review the results of a recent postal ballot, where both proposed resolutions were approved by shareholders. These include the reclassification of the company's authorized share capital and the approval for entering into material related party transactions with Revathi Equipment India Limited (REIL). The resolutions were passed with significant majority, indicating strong shareholder support for these measures. This positive turnout could enhance investor confidence as it aligns with the company's strategic intent to strengthen governance and operational flexibility. Overall, this update suggests a constructive outlook for Semac’s future operations and financial health.