Fairfax India Announces Special Meeting for Shareholders' Approval

Fairfax India Moves Forward with Shareholder Meeting Plans

Fairfax India Holdings Corporation, widely recognized for its strategic investments, is currently mobilizing efforts towards an important event for its shareholders. The company has announced the filing of management proxy materials in connection with a special meeting aimed at approving a crucial acquisition.

Purpose of the Special Meeting

This special meeting is called to seek approval from shareholders to deviate from the company’s stringent investment concentration policy as outlined in its by-laws. The goal? To facilitate the acquisition of an additional 10% equity stake in Bangalore International Airport Limited. Such an acquisition is anticipated to bring promising growth opportunities and strengthen the company’s exposure to one of India’s fastest-growing assets.

Meeting Logistics

Shareholders will convene virtually via a live audio webcast, ensuring maximum participation from across regions. The meeting date is set for January 28, 2025, at 9:00 a.m. Toronto time. A detailed link to access this session will be provided, allowing shareholders to engage without having to travel.

Accessing the Meeting Materials

Potential delays due to a recent disruption in Canada Post services have prompted Fairfax India to recommend that shareholders access the management proxy circular electronically. These documents are accessible on SEDAR+, which allows for a seamless review of the meeting materials from the comfort of home.

Understanding the Management Proxy Circular

The management proxy circular serves as a vital document containing key information about the agenda to be addressed during the special meeting. Shareholders are urged to read it carefully to fully understand the implications of the acquisition and to ensure informed decision-making during the voting process.

The Strategic Importance of the Acquisition

Bangalore International Airport Limited represents a significant asset within India’s infrastructure landscape, catering to a growing demand for air travel. Fairfax India’s investment strategy aims at capital appreciation, and this acquisition is a step towards aligning with that vision, targeting market sectors that are poised for exponential growth.

Investor Relations and Support

Fairfax India emphasizes the need for shareholders to seek guidance from financial and legal advisors should they have questions regarding the proxy materials or voting procedures. The company is committed to transparent communication, assuring its investors of its long-term strategy and future prospects.

About Fairfax India Holdings

Fairfax India is an investment holding company focused on generating long-term capital appreciation through investments in public and private equity securities, as well as debt instruments in India. The company’s commitment to preserving capital while investing in high-potential businesses underscores its strategic approach to investment.

Frequently Asked Questions

What is the purpose of the special meeting for Fairfax India?

The special meeting seeks shareholder approval for a deviation from investment restrictions to acquire a 10% stake in Bangalore International Airport Limited.

When is the special meeting scheduled?

The meeting is scheduled for January 28, 2025, at 9:00 a.m. Toronto time and will be held virtually.

How can shareholders access the management proxy circular?

Shareholders can access the proxy circular electronically through SEDAR+, allowing for easy review without physical mail delays.

What is the significance of the acquisition?

The acquisition enhances Fairfax India’s stake in a strategic asset, aligning with its goal of maximizing long-term returns in growing markets.

Who should shareholders contact for assistance?

Shareholders are encouraged to contact John Varnell, Vice President of Corporate Affairs, at (416) 367-4755 for further inquiries regarding the meeting.

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