Consolidated Finvest secures 99.96% vote for NSE delisting

Consolidated Finvest & Holdings Limited, referred to here as Consolidated Finvest, secured 99.9583% support for voluntary delisting from the National Stock Exchange of India Limited (NSE) in voting that closed on October 30, 2026, with 28,564,398 votes in favour against 11,929 votes opposed. The company recorded the special resolution as passed.

How did Consolidated Finvest shareholders vote on delisting?

Consolidated Finvest shareholders approved the voluntary NSE delisting resolution with 28,564,398 votes in favour from 28,576,327 votes polled, while 11,929 votes were against. The 99.9583% favourable vote applied to a special resolution seeking approval to delist the company’s equity shares from the NSE under the Securities and Exchange Board of India (SEBI) Delisting of Equity Shares Regulations, 2021.

Votes polled represented 88.3994% of Consolidated Finvest’s 32,326,366 shares held across promoter and public categories. The voting-results disclosure dated November 2, 2026 identifies remote e-voting and postal-ballot forms as the voting modes, although the overall table records 608 public non-institutional votes through a poll and no votes through postal-ballot forms.

Promoter and promoter-group shareholders cast all 24,209,039 shares through e-voting in the overall table, and every vote supported the proposal. Public participation varied by segment: institutions polled 97.8203% of their 792,988 shares, compared with 49.0363% of 7,324,339 shares held by public non-institutions.

What was the Consolidated Finvest public vote excluding promoters?

Consolidated Finvest received 99.7269% support when promoter and promoter-group votes were excluded, according to the separate table prepared under the delisting regulations. Of 4,367,288 public votes polled, 4,355,359 supported the resolution and 11,929 opposed it; these public votes equalled 13.5100% of the company’s 32,326,366 shares.

The separate calculation excludes promoter voting because the filing marks the promoter and promoter group as interested in the resolution. Their vote is recorded as zero in that table, leaving public institutional and public non-institutional votes to be assessed under the SEBI Delisting of Equity Shares Regulations, 2021.

Public institutions cast 775,703 votes, all in favour, representing 97.8203% of their 792,988 shares. Public non-institutions cast 3,591,585 votes, including 3,579,656 votes in favour and 11,929 against, resulting in 99.6679% support within that category.

The overall favourable percentage was 99.9583%, compared with 99.7269% in the promoter-excluded calculation. The difference reflects the addition of 24,209,039 promoter and promoter-group votes, all in favour, to the overall count, while all 11,929 opposing votes came from public non-institutional shareholders.

When did Consolidated Finvest conduct the postal ballot?

Consolidated Finvest conducted voting from 9:00 a.m. Indian Standard Time on October 1, 2026, to 5:00 p.m. Indian Standard Time on October 30, 2026. The postal-ballot notice was dated September 23, 2026, and the cut-off date for voting eligibility was September 18, 2026, when the company reported 15,347 shareholders.

Shareholders holding equity shares on September 18, 2026 could vote through remote e-voting or valid postal-ballot forms. MUFG Intime India Private Limited provided the remote e-voting facility, while the scrutinizer’s report says Consolidated Finvest sent the notice electronically and physically to shareholders holding shares in physical form.

Consolidated Finvest published voting notices on September 30, 2026 in Financial Express in English and Jansatta in Hindi. Pragnya Pradhan & Associates, appointed as scrutinizer by the board on September 23, 2026, issued its report on October 31, 2026, one day after the voting period ended.

What does the Consolidated Finvest resolution cover?

Consolidated Finvest’s passed special resolution covers voluntary delisting of its equity shares from the NSE, where the filing states the shares are presently listed. The company disclosed the vote under Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as well as Regulation 11(4) of the SEBI Delisting of Equity Shares Regulations, 2021.

The November 2, 2026 filing reports shareholder approval rather than completion of a delisting. It does not disclose an exit price, a final delisting date or a subsequent procedural timetable, and its resolution wording only seeks approval for voluntary delisting in accordance with the 2021 regulations.

Conclusion

The vote gives Consolidated Finvest recorded shareholder approval for its proposed NSE delisting on both disclosed bases: 99.9583% of 28,576,327 overall votes polled and 99.7269% of 4,367,288 promoter-excluded public votes. Promoters and public institutions recorded no opposing votes, while public non-institutional shareholders accounted for all 11,929 votes against.

The next development to watch is a further Consolidated Finvest disclosure on steps after the October 30, 2026 vote under the SEBI Delisting of Equity Shares Regulations, 2021. The current filing leaves the exit price, completion timetable and final delisting date unresolved.