Voting Process Details

The remote e-voting commenced on Thursday, July 23, 2026, at 9:00 AM (IST) and ended on Friday, August 21, 2026, at 5:00 PM (IST). The cut-off date for determining shareholder eligibility was Friday, July 17, 2026. Physical copies of notices were not dispatched to members as per MCA Circulars, with communication occurring solely through electronic means. Advertisements were published in Financial Express (English) and Navarashtra (Marathi) newspapers on July 23, 2026, with a corrigendum advertisement on August 1, 2026.

Scrutinizer Appointment

Mr. Chirag Sachapara, Proprietor of M/s. Sachapara & Associates, Practicing Company Secretary (Membership No. F13160, C.P. No.: 22177), was appointed as Scrutinizer by the Board of Directors in their meeting held on July 22, 2026. The voting process was unblocked in the presence of two witnesses: Mr. Manoj Pawar and Mr. Dharmil Malankiya, who were not employees of the company.

Resolutions Passed

All five resolutions proposed in the Postal Ballot Notice dated July 22, 2026, read with corrigendum dated July 31, 2026, were passed with requisite majority on August 21, 2026:

1. Special Resolution: To fix remuneration of Mr. Abhishek Narbaria (DIN: 01873087), Managing Director - 100% votes in favor (57 members, 97,80,624 votes)

2. Special Resolution: To fix remuneration of Mr. Umesh Kumar Sahay (DIN: 01733060), Chairperson and Non-Executive Director - 100% votes in favor (57 members, 97,80,624 votes)

3. Special Resolution: To fix remuneration of Mr. Nikhil Dilipbhai Bhuta (DIN: 02111646), Non-Executive Director - 100% votes in favor (57 members, 97,80,624 votes)

4. Special Resolution: To approve appointment of Mr. Rajesh Chandrakant Vaishnav (DIN: 00119614) as an Independent Director - 100% votes in favor (57 members, 97,80,624 votes)

5. Ordinary Resolution: To approve Material Related Party Transactions - 100% votes in favor (54 members, 17,04,515 votes)

Detailed Voting Statistics

  • Total shareholders on record date: 1,614
  • Total outstanding shares: 1,44,78,849
  • Total votes polled: 97,80,624 shares (67.55% of outstanding shares)
  • Number of members voted: 57
  • Promoter & Promoter Group holding: 80,76,184 shares (99.9991% voted)
  • Public Institutions holding: 9,49,967 shares (81.7032% voted)
  • Public Non-Institutions holding: 54,52,698 shares (17.0257% voted)
  • Invalid votes: Nil across all resolutions except Resolution 5 which had 80,76,109 invalid votes

Service Providers

The company availed services of Purva Sharegistry (India) Private Limited for conducting the postal ballot through remote e-voting.

Financial Impact

Financial impact not quantified in the disclosure. The resolutions primarily concern director remuneration approvals and related party transaction authorization.