Meeting Details

  • Type of Meeting: Postal Ballot by way of remote e-voting
  • Record Date: July 24, 2026
  • Voting Period: July 29, 2026 (9:00 AM IST) to August 27, 2026 (5:00 PM IST)
  • Resolution Deemed Passed: August 27, 2026 (last day of remote e-voting)
  • Total Shareholders on Record Date: 49,881

Proposed Resolution and Implications

The special resolution sought approval for "issuance of equity shares on a preferential basis for consideration other than cash pursuant to a share swap arrangement and other matters incidental thereto." This involves issuing new equity shares through a share swap arrangement rather than for cash consideration.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL). No physical polling or postal ballot forms were used. The company engaged CDSL to provide the remote e-voting facility to its members.

Key Voting Outcomes

Overall Results

  • Total Outstanding Shares: 4,68,82,257
  • Total Votes Cast: 3,58,17,947 (76.3998% of outstanding shares)
  • Votes in Favor: 3,58,13,862 (99.9886% of votes cast)
  • Votes Against: 4,085 (0.0114% of votes cast)
  • Invalid Votes: 0

Category-wise Breakdown

Promoter and Promoter Group

  • Shares Held: 1,71,13,393
  • Votes Polled: 1,69,53,719 (99.0670% of shares held)
  • Votes in Favor: 1,69,53,719 (100.0000% of votes polled)
  • Votes Against: 0

Public Institutions

  • Shares Held: 71,20,584
  • Votes Polled: 31,79,419 (44.6511% of shares held)
  • Votes in Favor: 31,79,419 (100.0000% of votes polled)
  • Votes Against: 0

Public Non-Institutions

  • Shares Held: 2,26,48,280
  • Votes Polled: 1,56,84,809 (69.2539% of shares held)
  • Votes in Favor: 1,56,80,724 (99.9740% of votes polled)
  • Votes Against: 4,085 (0.0260% of votes polled)

Scrutinizer's Role and Findings

Mr. Swapneel Patel, Partner of M/s. Shah Patel & Associates (Practising Company Secretaries), was appointed as the scrutinizer to conduct the postal ballot process in a fair and transparent manner. His responsibilities included:

  • Making a scrutinizer's report of votes cast "in favour" or "against" the resolution based on reports generated from CDSL's e-voting system
  • Unblocking votes on August 27, 2026, at 17:55 PM in the presence of two witnesses not employed by the company
  • Verifying authorization documents from corporate members who participated in remote e-voting

The scrutinizer confirmed that the special resolution was passed with the requisite majority and recommended declaring the results of the postal ballot process.

Compliance with Laws and Regulations

The process was conducted in compliance with:

  • Section 108 and 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Secretarial Standard on General Meetings (SS-2)
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025
  • Regulation 44 of SEBI Listing Regulations