Meeting Details

  • Type of Meeting: Postal Ballot
  • Date of Meeting/Last Day of Receipt: September 25, 2026
  • Record Date: August 20, 2026
  • Total Shareholders on Record Date: 136,553
  • Scrutinizer: Rajiv Balakrishnan, Director of Beyond Compliance Corporate Services Private Limited
  • Scrutinizer Appointment Date: August 5, 2026
  • Scrutinizer Report Date: September 26, 2026

Proposed Resolutions and Implications

The Postal Ballot contained 10 resolutions covering management appointments, remuneration revisions, and ESOP scheme approvals:

1. Ordinary Resolution: Appointment of Mr. Varun Shadilal Khanna (DIN: 03584124) as Managing Director and Group CEO and remuneration

2. Ordinary Resolution: Appointment of Ms. Ayshwarya Ravi Vikram (DIN: 08153649) as Non-Executive Non-Independent Director

3. Ordinary Resolution: Appointment of Mr. Ganesh Mani (DIN: 08385423) as Non-Executive Non-Independent Director

4. Special Resolution: Appointment of Mr. Neeraj Jain (DIN: 00348591) as Non-Executive Independent Director

5. Special Resolution: Appointment of Mr. Kewal Kundanlal Handa (DIN: 00056826) as Non-Executive Independent Director

6. Special Resolution: Appointment of Mr. Valayil Korath Mathews (DIN: 00049414) as Non-Executive Independent Director

7. Special Resolution: Revision in managerial remuneration of Dr. Mandayapurath Azad Moopen (DIN: 00159403), Executive Chairman

8. Special Resolution: Change in designation of Ms. Alisha Moopen (DIN: 02432525) to Executive Director and revision in managerial remuneration

9. Special Resolution: Approval of Aster DM Quality Care Limited Employee Stock Option Scheme - 2026

10. Special Resolution: Extension of ESOP benefits to employees of subsidiary companies

Voting Process and Methods

The e-voting process was conducted through National Securities Depository Limited (NSDL) as the authorized agency:

  • Voting Period: From August 27, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)
  • Voting Platform: NSDL e-Voting system (www.evoting.nsdl.com)
  • Cut-off Date for Voting Rights: August 20, 2026
  • Dispatch of Notice: Completed on August 26, 2026 via email to registered shareholders
  • Notice Hosting: Company website (www.asterqualitycare.com) and stock exchange websites

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 871,672,439
  • Total Votes Polled: 798,560,636 to 798,850,456 across resolutions (91.61% to 91.65% participation)
  • Number of Resolutions: 10 (all passed)

Resolution-wise Results

Resolution 1 (Ordinary) - Varun Khanna Appointment

  • Total Votes: 798,560,636 (91.6125% of outstanding shares)
  • Votes in Favor: 792,750,038 (99.2724%)
  • Votes Against: 5,810,598 (0.7276%)
  • Members Voted: 1,323 in favor, 75 against

Resolution 2 (Ordinary) - Ayshwarya Ravi Vikram Appointment

  • Total Votes: 798,850,346 (91.6457% of outstanding shares)
  • Votes in Favor: 796,628,886 (99.7219%)
  • Votes Against: 2,221,460 (0.2781%)
  • Members Voted: 1,326 in favor, 72 against

Resolution 3 (Ordinary) - Ganesh Mani Appointment

  • Total Votes: 798,850,406 (91.6457% of outstanding shares)
  • Votes in Favor: 797,961,033 (99.8887%)
  • Votes Against: 889,373 (0.1113%)
  • Members Voted: 1,336 in favor, 63 against

Resolution 4 (Special) - Neeraj Jain Appointment

  • Total Votes: 798,850,406 (91.6457% of outstanding shares)
  • Votes in Favor: 793,499,444 (99.3302%)
  • Votes Against: 5,350,962 (0.6698%)
  • Members Voted: 1,298 in favor, 101 against

Resolution 5 (Special) - Kewal Handa Appointment

  • Total Votes: 798,850,406 (91.6457% of outstanding shares)
  • Votes in Favor: 791,619,914 (99.0949%)
  • Votes Against: 7,230,492 (0.9051%)
  • Members Voted: 1,288 in favor, 111 against

Resolution 6 (Special) - Valayil Mathews Appointment

  • Total Votes: 798,827,232 (91.6431% of outstanding shares)
  • Votes in Favor: 796,307,790 (99.6846%)
  • Votes Against: 2,519,442 (0.3154%)
  • Members Voted: 1,305 in favor, 89 against

Resolution 7 (Special) - Azad Moopen Remuneration Revision

  • Total Votes: 797,673,804 (91.5107% of outstanding shares)
  • Votes in Favor: 795,213,572 (99.6916%)
  • Votes Against: 2,460,232 (0.3084%)
  • Members Voted: 1,293 in favor, 100 against

Resolution 8 (Special) - Alisha Moopen Designation Change & Remuneration

  • Total Votes: 798,852,519 (91.646% of outstanding shares)
  • Votes in Favor: 757,842,435 (94.8664%)
  • Votes Against: 41,010,084 (5.1336%)
  • Members Voted: 1,222 in favor, 176 against

Resolution 9 (Special) - ESOP Scheme 2026

  • Total Votes: 798,850,406 (91.6457% of outstanding shares)
  • Votes in Favor: 708,950,842 (88.7464%)
  • Votes Against: 89,899,564 (11.2536%)
  • Members Voted: 1,233 in favor, 164 against

Resolution 10 (Special) - ESOP Extension to Subsidiaries

  • Total Votes: 798,850,456 (91.6457% of outstanding shares)
  • Votes in Favor: 708,947,777 (88.746%)
  • Votes Against: 89,902,679 (11.254%)
  • Members Voted: 1,224 in favor, 173 against

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares Held: 468,236,497 (53.71% of total outstanding)
  • Voting Participation: 100% across all resolutions
  • Unanimous support for all resolutions (100% in favor)

Public Institutions

  • Shares Held: 296,026,746 (33.96% of total outstanding)
  • Voting Participation: 87.13% to 87.52% across resolutions
  • Support ranged from 65.31% (ESOP resolutions) to 99.66% (director appointments)

Public Non-Institutions

  • Shares Held: 107,409,196 (12.33% of total outstanding)
  • Voting Participation: 66.56% to 66.59% across resolutions
  • Very high support across all resolutions (99.96% to 99.99% for most)

Scrutinizer's Role and Findings

Rajiv Balakrishnan was appointed as Scrutinizer by the Board of Directors on August 5, 2026. His responsibilities included:

  • Scrutinizing votes cast through e-Voting
  • Preparing the Scrutinizer's Report based on NSDL-generated reports
  • Ensuring compliance with Companies Act, 2013 and SEBI Listing Regulations

The vote counting was conducted on September 25, 2026 at 5:00 PM IST in the presence of two independent witnesses (Ms. Novina and Ms. Shiva Ranjani). The Scrutinizer confirmed that all resolutions were passed with the requisite majority.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA guidelines for Postal Ballot process through e-Voting

Additional Information

  • Company CIN: L85110TS2008PLC207383
  • NSE Symbol: ASTERDM
  • Corporate Office: Brigade Deccan Heights, 20th & 12th Floor, #42, 5th Mile, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeshwanthpur, Bengaluru-560022