Voting Results and Process

Record Date: May 22, 2026

Total Shareholders on Record Date: 41,093

Voting Period: May 29, 2026 (9:00 AM) to June 27, 2026 (5:00 PM)

Mode of Voting: Remote e-voting through CDSL portal (www.evotingindia.com) under Electronic Voting Sequence Number (EVSN) 260527004

Voting Results Summary:

  • Total Outstanding Shares: 849,225,500
  • Total Votes Polled: 732,561,842 shares (86.2623% of outstanding shares)
  • Votes in Favor: 732,561,547 shares (100% of votes polled)
  • Votes Against: 295 shares (0% of votes polled)
  • Number of Members Voted: 294

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares Held: 584,363,708
  • Votes Polled: 584,363,708 (100% of shares held)
  • Votes in Favor: 584,363,708 (100%)
  • Votes Against: 0 (0%)

Public Institutions:

  • Shares Held: 122,626,364
  • Votes Polled: 59,955,528 (48.8929% of shares held)
  • Votes in Favor: 59,955,528 (100%)
  • Votes Against: 0 (0%)

Public Non-Institutions:

  • Shares Held: 142,235,428
  • Votes Polled: 88,242,606 (62.0398% of shares held)
  • Votes in Favor: 88,242,311 (99.9997%)
  • Votes Against: 295 (0.0003%)

Resolution Details

Resolution Type: Special Resolution

Description: Amendment to Memorandum of Association (MOA) as per the provisions of the Companies Act, 2013

Promoter Interest: No

Result: Passed with requisite majority

The amendment involves significant expansion and refinement of the object clause (Clause III) of the MOA to include:

1. Investment Business: Comprehensive authority to invest in various securities including shares, debentures, mutual funds, AIFs, REITs, InvITs, derivatives, and other marketable instruments

2. Financial Services: Business of a Non-Banking Financial Company (NBFC) including consumer financing, industrial financing, securitization, real estate business, and various lending activities

3. Capital Market Activities: Promotion of capital formation, bills discounting, loan negotiation, venture capital, portfolio management, and financial consulting services

4. Advisory Services: Investment advisory, research analyst services, custodial services, asset management, and stock broking activities

5. Fund Management: Acting as sponsor/trustee/investment manager to asset management companies, mutual funds, and alternative investment funds

6. Asset Reconstruction: Business of asset reconstruction company and securitization company, including dealing in non-performing assets

7. Recovery Services: Third-party recovery and collection agent services for banks and financial institutions

8. Infrastructure Financing: Long-term finance for infrastructure development including roads, power, telecommunications, ports, and special economic zones

9. Digital Platforms: Establishment of technology systems and digital platforms for financial services delivery

The resolution also authorizes specific changes to the MOA structure, including renumbering of existing clauses and insertion of new sub-clauses numbered 3 to 57 under the main objects, and 9 to 57 under incidental objects.

Scrutinizer Appointment and Report

Scrutinizer: Mayank Arora of Mayank Arora & Co., Practicing Company Secretaries

Membership Number: F10378

COP Number: 13609

Appointment Date: May 26, 2026 (Board Meeting)

Report Date: June 29, 2026

The scrutinizer unblocked the votes on June 27, 2026, in the presence of two witnesses: Ms. Nishita Gandhi and Mr. Pranay Gaikar (not employees of the company).

Implementation Authority

The resolution authorizes Mr. Amit Dangi, Mr. Divy Dangi (Whole-Time Directors), or Ms. Dipyanti Jaiswar (Company Secretary) to:

  • Obtain necessary approvals from regulatory authorities
  • File required documents with the Registrar of Companies
  • Execute all necessary deeds, applications, and documents
  • Implement the amendments to the MOA

Financial Impact

Financial impact not quantified in the disclosure. The amendments are structural changes to the company's constitutional documents to expand business scope and capabilities.