Meeting Details

  • Type of Meeting: Postal Ballot by remote e-voting
  • Record Date: September 18, 2026
  • Voting Period: September 23, 2026 (09:00 AM IST) to October 22, 2026 (05:00 PM IST)
  • Result Date: October 22, 2026 (deemed passed date)

Proposed Resolution and Implications

The single ordinary resolution sought approval for "the continuation and modification of the existing Material Related Party Transaction relating to Inter-Corporate Deposit(s)/Loan(s) to Biodegradable Products India Limited." The resolution was identified as a related party transaction where promoters/promoter groups were interested parties.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting via KFin Technologies Limited's platform at https://evoting.kfintech.com. The notice was sent electronically to shareholders whose email addresses were registered as of the record date, and was published in The Financial Express (English) and Loksatta (Marathi) newspapers on September 23, 2026.

Key Voting Outcomes

Overall Results:

  • Total Valid Votes Cast: 1,479,843 shares
  • Votes in Favor: 1,478,351 shares (99.90%)
  • Votes Against: 1,492 shares (0.10%)
  • Number of Members Voting: 74 (68 in favor, 6 against)
  • No invalid or abstain votes were recorded

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares Held: 27,035,005
  • Votes Polled: 0 (0% participation)

Public Institutions:

  • Shares Held: 24,364
  • Votes Polled: 0 (0% participation)

Public Non-Institutions:

  • Shares Held: 13,940,631
  • Votes Polled: 1,479,843 shares (10.6153% participation)
  • Votes in Favor: 1,478,351 shares (99.8992% of votes polled)
  • Votes Against: 1,492 shares (0.1008% of votes polled)

Total Share Capital: 41,000,000 shares

Total Votes Polled: 1,479,843 shares (3.6094% of total outstanding shares)

Scrutinizer's Role and Findings

Savita Jyoti, Proprietor of M/s. Savita Jyoti & Associates (FCS No.: 3738, CP No.: 1796), was appointed as Scrutinizer by the Board of Directors on September 19, 2026. The e-voting module was unblocked by the Scrutinizer in the presence of Mr. Pavan Kumar and Mr. Manoranjan (not employed by the company) as required under Rule 20 of the Companies (Management and Administration) Rules, 2014. The Scrutinizer confirmed that the resolution was passed with requisite majority and that the voting process was conducted fairly and transparently.

Compliance Confirmation

The disclosure confirms compliance with Section 108 and Section 110 of the Companies Act, 2013 read with Rule 20 & Rule 22 of the Companies (Management and Administration) Rules, 2014, as well as SEBI LODR Regulations. All relevant records will remain in the Scrutinizer's custody until the Chairperson approves and signs the Minutes of the Postal Ballot.

Signatories and Company Information

  • Surendra Kumar Bansal, Whole Time Director (DIN: 00031115) signed the submission letter
  • Savita Jyoti, Practicing Company Secretary, signed the Scrutinizer's Report
  • Arunkumar Mahabirprasad Jatia, Authorised Signatory, countersigned the report
  • Company CIN: L21012MH1964PLC013058
  • Total shareholders on record date: 14,654