Key Resolution Details

  • The single resolution sought shareholder approval for the appointment of Mr. Ravi Moti Kirpalani (DIN: 02613688) as a Non-Executive Independent Director of the company.
  • The resolution was a Special Resolution, requiring a higher majority for approval.
  • The postal ballot notice was dated August 05, 2026, and dispatched to shareholders on September 11, 2026.

Voting Process and Timeline

  • The remote e-voting process was conducted through the platform of National Securities Depository Limited (NSDL).
  • The voting period ran from 9:00 AM IST on Monday, September 14, 2026, to 5:00 PM IST on Tuesday, October 13, 2026.
  • The cut-off date for determining shareholder eligibility to vote was Monday, September 07, 2026.
  • The company had 62,695 shareholders on the record date.
  • The notice was dispatched via email to 55,409 members who had registered their email IDs and was advertised in the Financial Express (English) and Loksatta (Marathi) newspapers on September 12, 2026.

Voting Results

  • The resolution was passed with requisite majority on October 13, 2026.
  • Total number of shares outstanding: 44,942,092
  • Total votes polled: 38,954,337 shares (86.6767% of outstanding capital)
  • Votes in favor: 38,951,042 shares (99.9915% of votes polled)
  • Votes against: 3,295 shares (0.0085% of votes polled)

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares held: 32,102,999
  • Votes polled: 32,102,999 (100% of shares held)
  • Votes in favor: 100%
  • Votes against: 0%

Public - Institutional Holders:

  • Shares held: 7,010,897
  • Votes polled: 6,593,333 (94.0441% of shares held)
  • Votes in favor: 6,593,109 (99.9966% of votes polled)
  • Votes against: 224 (0.0034% of votes polled)

Public - Others:

  • Shares held: 5,828,196
  • Votes polled: 258,005 (4.4268% of shares held)
  • Votes in favor: 254,934 (98.8097% of votes polled)
  • Votes against: 3,071 (1.1903% of votes polled)

Scrutinizer's Report

  • S.N. Ananthasubramanian & Co., Company Secretaries, were appointed as the scrutinizer for the postal ballot process on August 05, 2026.
  • The scrutinizer confirmed that all votes cast were valid and that the resolution was passed with requisite majority.
  • The final result showed 512 voters cast assent votes (38,951,042 shares) and 33 voters cast dissent votes (3,295 shares).

Signatories and Dates

  • The letter to BSE was signed by Bharati Ratan Shetty, Company Secretary and Compliance Officer (Membership No: ACS 24199), on October 14, 2026.
  • The scrutinizer's report was signed by Ashwini Vartak, Partner at S.N. Ananthasubramanian & Co. (ICSI Unique Code: P1991MH040400), on October 14, 2026.