Voting Process and Timeline

  • Postal Ballot Notice issued to shareholders on 22 April 2026
  • Remote e-voting facility provided through National Securities Depository Limited (NSDL)
  • E-voting period: Thursday, 23 April 2026 at 9:00 a.m. to Friday, 22 May 2026 at 5:00 p.m.
  • Record date for determining shareholders eligible to vote: 17 April 2026
  • Total number of shareholders on record date: 77,999

Resolutions Considered

1. Special Resolution: Re-appointment of Mr. Maganlal Prajapati (DIN: 00564105) as an independent director

2. Special Resolution: Re-appointment of Mr. Kandarp Gajendra Trivedi (DIN: 00314065) as an independent director

Scrutinizer Appointment and Report

  • Mr. Rajesh Parekh, Practicing Company Secretary (Firm: M/s. Rajesh Parekh & Co., Membership No: A8073) appointed as Scrutinizer by the Board on 22 April 2026
  • Scrutinizer submitted report to the company on 22 May 2026
  • E-voting results were unblocked and downloaded from NSDL website at 5:01 pm on 22 May 2026 in presence of witnesses Ms. Aishwarya Parekh and Mr. Jay Surti

Voting Results - Resolution 1 (Mr. Maganlal Prajapati)

Overall Result: Passed with requisite majority

Promoter & Promoter Group Voting:

  • Shares held: 115,009,781
  • Votes polled: 98,286,278 (85.4591% of shares held)
  • Votes in favor: 98,286,278 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Institutions Voting:

  • Shares held: 9,305,753
  • Votes polled: 662,014 (7.1140% of shares held)
  • Votes in favor: 662,014 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Non-Institutions Voting:

  • Shares held: 172,159,751
  • Votes polled: 18,959,361 (11.0127% of shares held)
  • Votes in favor: 18,882,474 (99.5945% of votes polled)
  • Votes against: 76,887 (0.4055% of votes polled)

Total Voting Summary:

  • Total shares outstanding: 296,475,285
  • Total votes polled: 117,907,653 (39.7698% of outstanding shares)
  • Total votes in favor: 117,830,766 (99.9348% of votes polled)
  • Total votes against: 76,887 (0.0652% of votes polled)

Voting Results - Resolution 2 (Mr. Kandarp Gajendra Trivedi)

Overall Result: Passed with requisite majority

Promoter & Promoter Group Voting:

  • Shares held: 115,009,781
  • Votes polled: 98,286,278 (85.4591% of shares held)
  • Votes in favor: 98,286,278 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Institutions Voting:

  • Shares held: 9,305,753
  • Votes polled: 662,014 (7.1140% of shares held)
  • Votes in favor: 662,014 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Non-Institutions Voting:

  • Shares held: 172,159,751
  • Votes polled: 18,958,711 (11.0123% of shares held)
  • Votes in favor: 18,882,069 (99.5957% of votes polled)
  • Votes against: 76,642 (0.4043% of votes polled)

Total Voting Summary:

  • Total shares outstanding: 296,475,285
  • Total votes polled: 117,907,003 (39.7696% of outstanding shares)
  • Total votes in favor: 117,830,361 (99.9350% of votes polled)
  • Total votes against: 76,642 (0.0650% of votes polled)

Scrutinizer's Detailed Report

Resolution 1 - Mr. Maganlal Prajapati:

  • Number of members voting through e-voting: Not specified
  • Votes in favor: 117,830,766 (99.93% of valid votes cast)
  • Votes against: 76,887 (from 33 members)
  • Invalid votes: None reported

Resolution 2 - Mr. Kandarp Gajendra Trivedi:

  • Number of members voting through e-voting: 212
  • Votes in favor: 117,830,361 (99.93% of valid votes cast)
  • Votes against: 76,642
  • Invalid votes: None reported

Declaration of Results

Mr. Kamleshkumar Patel, Chairman of the Company, declared the results of the Postal Ballot based on the Scrutinizer's Report.