Bannari Amman Spinning Mills Limited — Others, 02-07-2025: Shareholders meeting

Bannari Amman Spinning Mills has announced a postal ballot to seek shareholder approval on a special resolution related to a proposed issue, which the Board supports as beneficial for the company and its members. The Managing Director, S V Arumugam, holds an interest in the resolution by virtue of shareholding, while no other directors or key personnel have any related interests. The postal ballot notice has been sent electronically to all shareholders. This move indicates potential capital raising or structural changes impacting shareholders’ equity.