Key Quantitative Figures

  • Total shareholders as of cut-off date (June 12, 2026): 58,925
  • Total shares outstanding: 7,61,17,353
  • Shareholders who participated in e-voting: 177
  • Total shares voted: 4,08,63,348
  • Voting percentage: 53.68% of total shares

Dates of Action

  • Board meeting date: May 18, 2026
  • Cut-off date for shareholders: June 12, 2026
  • Notice dispatch date: June 19, 2026
  • E-voting period: June 20, 2026 (9:00 AM IST) to July 19, 2026 (5:00 PM IST)
  • Scrutinizer report date: July 20, 2026

Parties Involved

  • Scrutinizer: Mr. Sanjay Kumar Joshi, partner of M/s S.K. Joshi & Associates, Practicing Company Secretaries
  • E-voting service provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)

Resolution Details

Item No. 1: Special Resolution

Description: To consider and approve the borrowing limit under Section 180(1)(c) of the Companies Act, 2013

Result: Passed with 99.98% votes in favor (4,08,56,138 shares) and 0.02% against (7,210 shares)

Item No. 2: Special Resolution

Description: To consider and approve enhancement of limits for creation of charges, mortgages and/or security on the assets of the Company in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013

Voting Breakdown:

  • Promoter & Promoter Group: 3,37,74,038 shares voted (99.02% of their holding), 100% in favor
  • Public Institutional Holders: 37,23,949 shares voted (66.99% of their holding), 100% in favor
  • Public Others: 33,65,361 shares voted (9.23% of their holding), 99.79% in favor, 0.21% against

Result: Passed with 99.98% votes in favor (4,08,56,138 shares) and 0.02% against (7,210 shares)

Item No. 3: Special Resolution

Description: To consider and approve limits for giving loans, providing guarantees or securities and making investments under Section 186 of the Companies Act, 2013

Voting Breakdown:

  • Promoter & Promoter Group: 3,37,74,038 shares voted (99.02% of their holding), 100% in favor
  • Public Institutional Holders: 37,23,949 shares voted (66.99% of their holding), 0.51% in favor, 99.49% against
  • Public Others: 33,65,361 shares voted (9.23% of their holding), 99.79% in favor, 0.21% against

Result: Passed with 90.92% votes in favor (3,71,51,208 shares) and 9.08% against (37,12,140 shares)

Item No. 4: Ordinary Resolution

Description: To consider and approve the remuneration of Mr. Avishek Prasad, holding an office or place of profit under Section 188(1)(f) of the Companies Act, 2013

Invalid Votes: 28 votes representing 70,38,426 shares were declared invalid

Net Valid Votes: 149 votes representing 3,38,24,922 shares

Voting Breakdown:

  • Promoter & Promoter Group: 2,67,35,612 shares voted (78.39% of their holding), 100% in favor
  • Public Institutional Holders: 37,23,949 shares voted (66.99% of their holding), 0% in favor, 100% against
  • Public Others: 33,65,361 shares voted (9.23% of their holding), 99.78% in favor, 0.22% against

Result: Passed with 88.97% votes in favor (3,00,93,693 shares) and 11.03% against (37,31,229 shares)

Additional Information

  • Notice was sent via email to 53,852 shareholders who had registered email IDs
  • Advertisement was published in Financial Express (English) and Arthik Lipi (vernacular) on June 20, 2026
  • Voting results and scrutinizer's report available on company website: https://stylebaazar.in/
  • Electronic voting data preserved with the Company Secretary