Electronics Mart India Ltd held a postal ballot seeking permission of shareholders to approve the variation in the objects of the IPO of the co.
Around 224 shareholders voted. 26 shareholders voted against the resolution.
Since # of shareholders who voted against the resolution were more than 10% of the total shareholders who voted, the company has to comulsorily make an exit offer to these dissenting shareholders.
![](https://alphaideas.in/wp-content/uploads/2023/05/EMIL.jpg)
The interesting thing is that the total no of shares held by these shareholders is only 2,483 shares…approx only 2L Rs !
![](https://alphaideas.in/wp-content/uploads/2023/05/EMIL2.jpg)