Astec LifeSciences Limited disclosed the outcome of its postal ballot process conducted pursuant to Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The postal ballot notice was dated Tuesday, 2nd June, 2026, and was dispatched to members electronically. The cut-off date for determining members entitled to vote was Friday, 29th May, 2026, with 20,444 shareholders on record.
Remote e-voting was conducted through NSDL from 9:00 AM IST on Friday, 5th June 2026 to 5:00 PM IST on Saturday, 4th July 2026. Physical ballot forms were accepted until 5:00 PM IST on 4th July 2026.
Mr. Vikas R. Chomal, Practicing Company Secretary (COP No. 12133), was appointed as the Scrutinizer and submitted his report dated 4th July 2026. All seven resolutions were passed with the requisite majority and are deemed to have been passed on 4th July 2026.
Resolution Details and Voting Results
Resolution 1 - Ordinary Resolution: Approval for Appointment of Mr. Vishal Sharma as Director (Non-Executive, Non-Independent) liable to retire by rotation
- Total votes cast: 17,155,573 shares (76.99% of outstanding shares)
- Votes in favor: 17,154,895 shares (99.9960%)
- Votes against: 678 shares (0.0040%)
Resolution 2 - Ordinary Resolution: Approval for Appointment of Mr. Burjis N. Godrej as Director (Non-Executive, Non-Independent) liable to retire by rotation
- Total votes cast: 17,155,573 shares (76.99% of outstanding shares)
- Votes in favor: 17,155,283 shares (99.9983%)
- Votes against: 290 shares (0.0017%)
Resolution 3 - Ordinary Resolution: Approval for Appointment of Mr. Arijit Mukherjee as a Director of the Company
- Total votes cast: 17,155,573 shares (76.99% of outstanding shares)
- Votes in favor: 17,155,283 shares (99.9983%)
- Votes against: 290 shares (0.0017%)
Resolution 4 - Special Resolution: Approval for Appointment and Remuneration of Mr. Arijit Mukherjee as Executive Director (while continuing as Chief Operating Officer)
- Total votes cast: 17,156,273 shares (77.00% of outstanding shares)
- Votes in favor: 17,154,895 shares (99.9920%)
- Votes against: 1,378 shares (0.0080%)
Resolution 5 - Special Resolution: Approval for Appointment of Mr. Mathew Eipe as an Independent Director of the Company
- Total votes cast: 17,155,573 shares (76.99% of outstanding shares)
- Votes in favor: 17,155,264 shares (99.9982%)
- Votes against: 309 shares (0.0018%)
Resolution 6 - Ordinary Resolution: Approval for Related Party Transactions with Godrej Agrovet Limited (Holding Company) during FY 2026-27 beyond materiality threshold under Regulation 23(4)
- Total votes cast: 1,120,663 shares (5.03% of outstanding shares)
- Votes in favor: 592,399 shares (52.8615%)
- Votes against: 528,264 shares (47.1385%)
- Invalid votes: 2 members representing 15,226,047 shares
- Promoter group was interested in this resolution and did not vote
Resolution 7 - Ordinary Resolution: Approval for Related Party Transactions with Godrej Industries Limited (Ultimate Holding Company) during FY 2026-27 beyond materiality threshold under Regulation 23(4)
- Total votes cast: 1,120,663 shares (5.03% of outstanding shares)
- Votes in favor: 592,399 shares (52.8615%)
- Votes against: 528,264 shares (47.1385%)
- Invalid votes: 2 members representing 15,226,047 shares
- Promoter group was interested in this resolution and did not vote
Shareholder Category-wise Voting Breakdown
The company provided detailed voting breakdown by shareholder categories:
- Promoter & Promoter Group: 16,035,610 shares (71.97% of total shares)
- Public - Institutions: 744,651 shares (3.34% of total shares)
- Public - Non Institutions: 5,501,977 shares (24.69% of total shares)
For resolutions 1-5 (where promoters were not interested), the promoter group voted 100% in favor with full participation. For resolutions 6-7 (related party transactions where promoters were interested), the promoter group abstained from voting.
The information has been uploaded to the company's website at www.godrejastec.com.