Vertoz Limited announced on 9 June 2025 that its members have approved the consolidation of equity shares.
- The resolution, passed as a Special Resolution through a postal ballot (remote e-voting), involves consolidating shares from a face value of ₹1 each to ₹10 each.
- This consolidation will also lead to a consequent alteration of the Capital Clause in the Company's Memorandum of Association.
- The e-voting period for the postal ballot commenced on 9 May 2025 and concluded on 7 June 2025.
- According to the Scrutinizer's Report dated 9 June 2025:
- Out of 265 members who participated in e-voting, 251 cast valid votes.
- 56.98 crore shares (99.99%) voted in favour of the resolution.
- 53,957 shares (0.01%) voted against the resolution.
- 15 members holding 10,663 shares abstained from voting.
- The resolution was passed with the requisite majority.