Resolution Details

The Board of Directors sought shareholder approval through postal ballot for the appointment of Mr. Devalkumar Indrabal Suthar (DIN: 11511925) as Whole Time Director (Executive) of the Company. This was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI LODR Regulations.

Voting Process and Timeline

  • Mr. Bipin L. Makwana (Membership No. A15650), Practicing Company Secretary, Ahmedabad, was appointed as Scrutinizer for the postal ballot process.
  • National Securities Depository Limited (NSDL) was engaged to provide remote e-voting facilities.
  • The remote e-voting period was from Monday, June 01, 2026 (09:00 am IST) to Tuesday, June 30, 2026 (05:00 pm IST).
  • The resolution was passed with requisite majority on June 30, 2026, being the last date of remote e-voting.

Shareholder Base

Total number of shareholders on record date: 11,985

Voting Results Breakdown

Resolution No. 1: Appointment of Mr. Devalkumar Indrabal Suthar as Whole Time Director (Executive)

  • Resolution Type: Special Resolution
  • Promoter/Promoter Group interested: No

Category-wise Voting Results:

Promoter and Promoter Group:

  • Shares held: 5,036,537
  • Votes polled: 5,036,537 (100.00% of shares held)
  • Votes in favor: 5,036,537 (100.00% of votes polled)
  • Votes against: 0 (0.00% of votes polled)

Public - Institutions:

  • Shares held: 4,500
  • Votes polled: 0 (0.00% of shares held)
  • Votes in favor: 0 (0.00% of votes polled)
  • Votes against: 0 (0.00% of votes polled)

Public - Non Institutions:

  • Shares held: 2,992,062
  • Votes polled: 15,445 (0.52% of shares held)
  • Votes in favor: 14,969 (96.92% of votes polled)
  • Votes against: 476 (3.08% of votes polled)

Overall Totals:

  • Total shares outstanding: 8,033,099
  • Total votes polled: 5,051,982 (62.89% of outstanding shares)
  • Total votes in favor: 5,051,506 (99.99% of votes polled)
  • Total votes against: 476 (0.01% of votes polled)

Scrutinizer's Report Details

Mr. Bipin L. Makwana submitted his report dated June 30, 2026, confirming:

  • Equity shareholders as of May 22, 2026 were entitled to vote.
  • 54 members voted in favor with 5,051,506 votes (99.99% of valid votes).
  • 7 members voted against with 476 votes (0.001% of valid votes).
  • Total valid votes: 5,051,982
  • No invalid votes or abstentions.
  • The electronic data and relevant records were handed over to the Company Secretary for preservation.

Additional Information

The voting results and scrutinizer's report are available on the company's website at www.aksharchemindia.com.