Meeting Details
The postal ballot process involves remote e-voting only, with no physical meeting. The cut-off date for determining shareholder eligibility is Friday, October 30, 2026. The remote e-voting period commences at 9:00 AM IST on Sunday, November 8, 2026, and concludes at 5:00 PM IST on Monday, December 7, 2026.
Proposed Resolution
Item No. 1 - Special Resolution for NCD Issuance: The company seeks approval to issue Non-Convertible Debentures/Bonds/other instruments (secured or unsecured, listed and/or unlisted, redeemable or rated) through private placement for an aggregate amount not exceeding ₹500 crores (Rupees Five Hundred Crores only). The issuance may be executed in one or more tranches within one year from the date of resolution approval, with terms and conditions to be determined by the Board of Directors.
Voting Process and Methods
The voting will be conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL). The notice is being sent only through electronic mode to members whose email addresses are registered with the company/RTA/Depository Participants. Physical copies are not being dispatched. Members can vote through various methods including NSDL e-voting website, CDSL Easi/Easiest facility, or through their depository participants.
Scrutinizer Appointment
Mr. Haresh Sanghvi (Membership No.: FCS 2259) has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The scrutinizer will submit his report to the Chairman upon completion of vote scrutiny.
Results Declaration and Compliance
The results of the postal ballot will be announced on or before two working days after the conclusion of remote e-voting (by December 9, 2026). The results along with the scrutinizer's report will be intimated to BSE Limited and National Stock Exchange of India Limited, and uploaded on the company's website (www.ajmera.com) and NSDL's website (www.evoting.nsdl.com).
Additional Information
The explanatory statement provides that the NCD issuance is part of the company's overall leverage program. The Board resolution approving this issuance was passed on September 10, 2026. The securities will be issued at par, premium, or discount as determined by the Board based on market conditions and investor discussions.