Corporate Action
This Section Contains
How to do e-voting?
As a shareholder, an investor can participate in key decisions of a company. E-voting is voting through an electronic system on resolutions of a company requiring members'/shareholders' consent. The need for e-voting arises when a company wishes to pass a resolution through a postal ballot, an annual general meeting, or an extraordinary general meeting.
The e-voting facility is available for resident single-holder accounts. Follow the steps below:
In the 'Products' page, find 'Corporate Actions.'
Click on 'Corporate Actions' — you will be provided with two options: buyback and e-voting.
Tap on E-Voting.
Select a DP account to vote from.
Click on 'Proceed to E-Voting.'
You will be redirected to the depository's page.
Complete the process.
How do I participate in Buyback?
A buyback is a corporate action wherein a company repurchases a portion of its shares from the public (investors), usually at a price higher than the prevailing market rate (at a premium).
Follow the steps below to participate in the buyback:
In the 'Products' page, find 'Corporate Actions.'
Click on 'Corporate Actions' — you will be provided with two options: buyback and e-voting.
Tap on 'Buyback'.
If there's any such corporate action applicable to your account, it will be displayed under the 'Buyback' tab.
Now click on the 'Apply' button given towards the right side.
A 'buyback details' window will slide in.
Enter the details and click 'Apply'.
Once applied, you cannot cancel the buyback request.
You can view the BuyBack Status by clicking on the 'Applied' button next to the 'Buyback' button.
HUF and Joint DP clients can now participate in Buyback.
Buyback is available only for those whose DP is in Geojit.
Last updated