Meeting Details
The voting was conducted via a postal ballot process, not a physical meeting. The process was initiated following a Board of Directors' meeting held on 05th May 2026.
Summary of Proposed Resolution
The single resolution proposed was a Special Resolution for the re-appointment of Mr. Varun Moolchandani as an Executive Director of the Company for a period of 2 years with effect from 05.05.2026.
Voting Process and Methods
The voting was conducted solely through a remote e-voting facility, in accordance with Section 110 of the Companies Act, 2013 and various MCA Circulars. The e-voting commenced on Friday, 08th May 2026 at 09:00 a.m. IST and ended on Saturday, 06th June 2026 at 05:00 p.m. IST. The cut-off date for determining shareholder eligibility to vote was 05th May 2026. The notice for the postal ballot was published in the Financial Express (English) and Jansatta (Hindi) newspapers on 07th May 2026 and was also sent electronically to members whose email addresses were registered.
Key Voting Outcomes
Overall Participation
- Total Number of Members who cast votes: 63
- Total Number of Shares Voted: 15,122,869
- Percentage of Total Paid-up Share Capital Voted: 44.77%
Resolution-Wise Result
Resolution No. 1: Re-Appointment of Mr. Varun Moolchandani as an Executive Director
- Result: The Special Resolution was NOT PASSED with the requisite majority.
- Total Valid Votes Polled: 16,429
- Votes in Favour (Assent): 11,729 votes (71.39% of valid votes)
- Votes Against (Dissent): 4,700 votes (28.61% of valid votes)
- Abstain Votes: 0 votes (0.00%)
- Excluded Votes: 15,111,140 votes cast by 5 related parties of the proposed appointee were not considered in the final tally.
Scrutinizer's Role and Findings
Mr. Shailesh Dayal, Partner of Dayal and Maur, Company Secretaries (COP- 7142), was appointed as the Scrutinizer to scrutinize the entire e-voting process. His responsibility was to make a consolidated report of the votes cast for or against the resolution. The Scrutinizer's report confirms that the results were downloaded from the Insta Vote e-voting platform and diligently scrutinized upon completion of the process. The management of the Company was responsible for ensuring compliance with the procedural requirements.
Compliance Statement
The document confirms that the process was conducted in compliance with:
- Section 110 of the Companies Act, 2013 and the Companies (Management and Administration) Rules, 2014.
- Multiple MCA General Circulars (14/2020, 17/2020, 20/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 09/2023, 09/2024, 03/2025).
- Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.
Additional Information
The full voting results and the Scrutinizer's report are being made available on the company's website. The company's Corporate Identification Number (CIN) is L36999HR1990PLC041175, and its registered office is at Plot No 191-F, Sector-4, IMT Manesar, Gurgaon, Manesar, Haryana - 122052.