Shree Ram Proteins seeks shareholder approval for property sale at ₹17 Crore via postal ballot
Shree Ram Proteins is seeking shareholder approval for the sale of a property for approximately ₹17 Crore. The company has issued a postal ballot notice, with remote e-voting available from August 11, 2026, to September 9, 2026. Results are expected by September 11, 2026.
The sale of a significant asset for ₹17 Crore could have a material impact on the company's financial structure and operations, pending shareholder approval.
The announcement is a routine procedural step for seeking shareholder approval for a property sale. It does not contain any immediate positive or negative financial news.
Shree Ram Proteins Limited has issued a Postal Ballot Notice dated August 10, 2026, seeking shareholder approval for the sale, lease, or disposal of substantially the whole of the company's undertaking, specifically land located at Survey No. 54/P3, At. Bhunava, Taluka Gondal, District Rajkot, Gujarat.
The proposed transaction is for an aggregate consideration of approximately ₹17,00,00,000 (₹17 Crore). This is a re-seeking of approval from shareholders, as a previous transaction for the same property with Sova Agrotech Private Limited could not be executed.
The remote e-voting facility for the postal ballot will commence on Tuesday, August 11, 2026, at 9:00 a.m. IST and will conclude on Wednesday, September 09, 2026, at 5:00 p.m. IST. The Scrutinizer's report will be submitted, and the results will be declared on or before Friday, September 11, 2026. The company has engaged National Securities Depository Limited (NSDL) for the e-voting process.
What to do with a filing like this
Shree Ram Proteins Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shree Ram Proteins Limited. Read the original for the full detail.