Postal Ballot Details

The Board of Directors at their meeting held on June 4, 2026, decided to obtain shareholder consent through postal ballot under Section 110 and 108 of the Companies Act, 2013 read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Proposed

Four resolutions were put to vote:

1. Ordinary Resolution: To approve increase in the authorized share capital of the company and make consequent alteration in Clause V of the Memorandum of Association

2. Ordinary Resolution: To consider and approve the issuance of bonus shares

3. Ordinary Resolution: To consider and approve split of shares from face value of ₹10/- to face value of ₹1/- per equity share

4. Special Resolution: To change in object clause and consequent alteration of MOA

Voting Process Timeline

  • Cut-off date for shareholders eligible to vote: June 5, 2026
  • Postal ballot notice dated: June 8, 2026
  • Voting period: June 9, 2026 (09:00 AM) to July 8, 2026 (05:00 PM)
  • E-voting module disabled at: 05:00 PM on July 8, 2026

Scrutinizer Appointment

Mr. Abhishek Prakashchand Chhajed, partner of SCS AND Co. LLP (LLPIN: AAV-1091), Company Secretary in Practice (Firm Unique Code: L2020GJ008700), was appointed as Scrutinizer to scrutinize votes and conduct the postal ballot in fair and transparent manner.

Voting Results

Resolution 1: Increase in Authorized Share Capital

  • Total shares outstanding: 94,086,100
  • Total votes polled: 28,500,257 shares (30.29% of outstanding)
  • Votes in favor: 28,481,715 shares (99.93% of votes polled)
  • Votes against: 18,542 shares (0.07% of votes polled)
  • Promoter voting: 1,030,270 shares voted, 100% in favor
  • Public non-institutions: 27,469,987 shares voted, 99.93% in favor
  • Result: Passed with requisite majority

Resolution 2: Issuance of Bonus Shares

  • Total shares outstanding: 94,086,100
  • Total votes polled: 28,529,999 shares (30.32% of outstanding)
  • Votes in favor: 28,518,819 shares (99.96% of votes polled)
  • Votes against: 11,180 shares (0.04% of votes polled)
  • Promoter voting: 1,030,270 shares voted, 100% in favor
  • Public non-institutions: 27,499,729 shares voted, 99.96% in favor
  • Result: Passed with requisite majority

Resolution 3: Stock Split (₹10 to ₹1)

  • Total shares outstanding: 94,086,100
  • Total votes polled: 28,528,257 shares (30.32% of outstanding)
  • Votes in favor: 28,469,511 shares (99.79% of votes polled)
  • Votes against: 58,746 shares (0.21% of votes polled)
  • Promoter voting: 1,030,270 shares voted, 100% in favor
  • Public non-institutions: 27,497,987 shares voted, 99.79% in favor
  • Result: Passed with requisite majority

Resolution 4: Change in Object Clause (Special Resolution)

  • Total shares outstanding: 94,086,100
  • Total votes polled: 28,487,257 shares (30.28% of outstanding)
  • Votes in favor: 28,428,367 shares (99.79% of votes polled)
  • Votes against: 58,890 shares (0.21% of votes polled)
  • Promoter voting: 1,030,270 shares voted, 100% in favor
  • Public non-institutions: 27,456,987 shares voted, 99.79% in favor
  • Result: Passed with requisite majority

Shareholding Pattern

  • Promoter and Promoter Group: 1,030,270 shares (1.10% of total)
  • Public Institutions: 0 shares
  • Public Non-Institutions: 93,055,830 shares (98.90% of total)
  • Total Outstanding Shares: 94,086,100 shares

Invalid Votes

All categories (Promoter, Public Institutions, Public Non-Institutions) recorded 0 invalid votes across all four resolutions.

Declaration of Results

Mr. Chintan Yashwantbhai Patel, Managing Director, declared the results of the postal ballot in presence of Executive Director on July 8, 2026.

Financial Impact

Financial impact not quantified in the disclosure.