Nila Spaces Ltd Re-submits Resolutions for Shareholder Approval

Nila Spaces Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, decided to re-submit certain resolutions for shareholder approval at the upcoming Annual General Meeting. This decision stems from technical difficulties faced by shareholders during the recent postal ballot's remote e-voting period, including OTP issues and access problems. To ensure wider participation and protect voting rights, the company facilitated voting via postal ballot forms for those who reported issues. While this was done in good faith, concerns were raised about the deviation from the original notice. As a measure of abundant caution and to ensure equal opportunity, the company will seek fresh approval for all resolutions. This move aims to enhance transparency and shareholder participation without admitting any invalidity of the prior process. Additionally, until fresh approval is obtained, no new material related party transactions requiring shareholder approval will be entered into, and the Managing Director's remuneration will be withheld.