Alicon Castalloy Limited has disclosed the results of a postal ballot conducted through remote e-voting to seek shareholder approval for the appointment of Mr. Ishaan Rai as Non-Executive Non-Independent Director.

The process was conducted in accordance with Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant MCA and SEBI circulars.

Voting Results

The ordinary resolution for the appointment of Mr. Ishaan Rai (DIN: 06802018) was passed with requisite majority through remote e-voting only:

Overall Voting Results:

  • Total votes polled: 10,598,242 shares
  • Votes in favor: 10,598,242 shares (99.9940%)
  • Votes against: 631 shares (0.0060%)

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 8,824,199
  • Votes polled: 8,824,143 shares (99.9994% of shares held)
  • Votes in favor: 8,824,143 shares (100.0000% of votes polled)
  • Votes against: 0 shares (0.0000%)

Public Institutions:

  • Shares held: 1,805,319
  • Votes polled: 1,759,522 shares (97.4632% of shares held)
  • Votes in favor: 1,759,522 shares (100.0000% of votes polled)
  • Votes against: 0 shares (0.0000%)

Public Non-Institutions:

  • Shares held: 5,782,322
  • Votes polled: 15,208 shares (0.2630% of shares held)
  • Votes in favor: 14,577 shares (95.8509% of votes polled)
  • Votes against: 631 shares (4.1491% of votes polled)

Process Details

The remote e-voting period commenced on Friday, 22nd May 2026 at 9:00 AM IST and ended on Saturday, 20th June 2026 at 5:00 PM IST. The cut-off date for determining members entitled to vote was 15th May 2026.

National Securities Depository Limited (NSDL) was appointed as the service provider for conducting the remote e-voting. Mr. Avinash Joshi, Advocate, was appointed as the Scrutinizer to ensure a fair and transparent voting process.

Director Appointment Details

Mr. Ishaan Rai was appointed as an Additional Director of the Company with effect from 12th May 2026. Following the successful postal ballot, he is now confirmed as Non-Executive, Non-Independent Director with effect from 12th May 2026. His office shall be liable to retirement by rotation.

The appointment was recommended by the Nomination and Remuneration Committee and the Board of Directors of the Company, in accordance with Sections 152 and 161 of the Companies Act, 2013, and other applicable provisions.