Meeting Details

  • Type of Meeting: Postal Ballot
  • Last Date for Receipt of Votes: June 26, 2026
  • Cut-off Date for Shareholder Eligibility: May 15, 2026
  • Voting Commencement: Thursday, May 28, 2026, at 9:00 a.m. (IST)
  • Voting Conclusion: Friday, June 26, 2026, at 5:00 p.m. (IST)
  • Resolution Deemed Passed: June 26, 2026

Proposed Resolution and Implications

The company sought shareholder approval for one special resolution:

  • Appointment of Mrs. Nandini Kwatra (DIN: 11625130) as an Independent Director of the Company.

The resolution was approved, resulting in the appointment of a new independent director to the company's board.

Voting Process

Voting was conducted through a remote e-voting process facilitated by National Securities Depository Limited (NSDL). Physical postal ballot forms were not sent to members, as permitted by MCA General Circulars; communication was done electronically only. An advertisement announcing the dispatch of the Postal Ballot Notice was published in the Financial Express (English) and Punjabi Jagran (Punjabi) newspapers on May 26, 2026.

Key Voting Outcomes

Overall Results for Resolution 1 (Special Resolution)

  • Total Votes Cast: 74,420,854
  • Total Votes in Favour: 74,420,604
  • Percentage in Favour: 99.9997%
  • Total Votes Against: 250
  • Percentage Against: 0.0003%
  • Invalid Votes: 0

Category-Wise Voting Breakdown

  • Promoter and Promoter Group:
  • Votes Polled: 67,554,100
  • % of Outstanding Shares: 75.8063%
  • Votes in Favour: 67,554,100 (100% of votes polled by category)
  • Votes Against: 0 (0% of votes polled by category)
  • Public - Institutions:
  • Shares Held: 5,345,779
  • Votes Polled: 193,577
  • % of Outstanding Shares: 3.6211%
  • Votes in Favour: 193,577 (100% of votes polled by category)
  • Votes Against: 0 (0% of votes polled by category)
  • Public - Non-Institutions:
  • Shares Held: 30,537,509
  • Votes Polled: 6,673,177
  • % of Outstanding Shares: 21.8524%
  • Votes in Favour: 6,672,927 (99.9963% of votes polled by category)
  • Votes Against: 250 (0.0037% of votes polled by category)

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Madan Lal Arora of M/s M.L. Arora & Associates
  • Firm Name: M.L. ARORA & ASSOCIATES
  • Appointed by Board on: May 20, 2026
  • Report Issued to Company on: June 27, 2026
  • The scrutinizer unblocked the electronic votes on June 26, 2026, in the presence of two witnesses not employed by the company.
  • The scrutinizer confirmed that no votes were received via physical postal ballot form; all votes were cast electronically through NSDL.
  • The scrutinizer's report concluded that the resolution was passed by the requisite majority.

Compliance Confirmation

The disclosure confirms that the postal ballot was conducted in compliance with:

  • Section 110 of the Companies Act, 2013
  • The Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA General Circulars