Voting Process Details

The remote e-voting process was conducted from Thursday, 23rd April 2026 at 09:00 Hrs. (IST) to Friday, 22nd May 2026 at 17:00 Hrs. (IST). The cut-off date for determining shareholders eligible to vote was Friday, 17th April 2026. There were 17,907 shareholders on the record date.

The company engaged NSDL for providing remote e-voting facilities (EVEN Number: 139167). The notice of postal ballot was published on 22nd April 2026 in Business Standard (English) and Navakal (Marathi) newspapers.

Resolution Results

All four resolutions set out in the Postal Ballot Notice dated 21st April 2026 were passed with requisite majority:

Resolution 1: Appointment of Mr. Neeraj Agarwal (DIN: 08839302) as Non-Executive Non-Independent Director

  • Resolution Type: Ordinary Resolution
  • Total Votes Polled: 27,978,667 shares (75.7819% of outstanding shares)
  • Votes in Favor: 27,977,612 shares (99.996% of votes polled)
  • Votes Against: 1,055 shares (0.004% of votes polled)
  • Promoter Group: Voted 27,690,000 shares (100% in favor)
  • Public Institutions: 0 votes polled from 5,045 shares held
  • Public Non-Institutions: 288,667 votes polled from 9,224,955 shares held (3.1292% participation)

Resolution 2: Appointment of Ms. Subhra Gourisaria (DIN: 11284765) as Non-Executive Non-Independent Director

  • Resolution Type: Ordinary Resolution
  • Total Votes Polled: 27,978,667 shares (75.7819% of outstanding shares)
  • Votes in Favor: 27,977,612 shares (99.9962% of votes polled)
  • Votes Against: 1,055 shares (0.0038% of votes polled)
  • Promoter Group: Voted 27,690,000 shares (100% in favor)
  • Public Institutions: 0 votes polled from 5,045 shares held
  • Public Non-Institutions: 288,667 votes polled from 9,224,955 shares held (3.1292% participation)

Resolution 3: Re-appointment of Mr. Jyotisman Dasgupta (DIN: 10116452) as Independent Director

  • Resolution Type: Special Resolution
  • Total Votes Polled: 27,978,667 shares (75.7819% of outstanding shares)
  • Votes in Favor: 27,977,027 shares (99.9941% of votes polled)
  • Votes Against: 1,640 shares (0.0059% of votes polled)
  • Promoter Group: Voted 27,690,000 shares (100% in favor)
  • Public Institutions: 0 votes polled from 5,045 shares held
  • Public Non-Institutions: 288,667 votes polled from 9,224,955 shares held (3.1292% participation)

Resolution 4: Re-appointment of Mr. Shashank Jha, CEO (DIN: 10116448) as Whole-time Director

  • Resolution Type: Special Resolution
  • Total Votes Polled: 27,978,667 shares (75.7819% of outstanding shares)
  • Votes in Favor: 27,977,027 shares (99.994% of votes polled)
  • Votes Against: 1,640 shares (0.006% of votes polled)
  • Promoter Group: Voted 27,690,000 shares (100% in favor)
  • Public Institutions: 0 votes polled from 5,045 shares held
  • Public Non-Institutions: 288,667 votes polled from 9,224,955 shares held (3.1292% participation)

Share Capital Structure

The company has an issued, subscribed, and paid-up share capital of 3,69,20,000 (Three Crore Sixty-Nine Lakh Twenty Thousand) Equity Shares of Re. 1/- each, fully paid-up. The promoter and promoter group hold 27,690,000 shares (75.00% of total capital), while public shareholders hold 9,230,000 shares (25.00% of total capital).

Scrutinizer Report

VYV & Co. LLP (LLPIN: ACB-6525) was appointed as the scrutinizer for the postal ballot process. The scrutinizer report confirmed:

  • No invalid votes were cast in the remote e-voting process
  • All four resolutions passed with requisite majority
  • The electronic voting data was downloaded and scrutinized in the presence of independent witnesses
  • The voting records will be handed over to the company secretary for preservation