Company and Scrip Details

Meeting Details

The resolution was passed by the members of the company through a postal ballot process, without a physical meeting. The e-voting period commenced at 9:00 AM (IST) on Thursday, August 13, 2026, and ended at 5:00 PM (IST) on Friday, September 11, 2026. The resolution was deemed passed on September 11, 2026.

Summary of Proposed Resolution and Implications

The single special resolution sought approval for the "Issuance of Securities up to ₹25,000 Million (Rupees Twenty-Five Thousand Million)".

The resolution grants the Board of Directors broad authority to raise funds through multiple instruments and routes, including:

  • A private placement, including a Qualified Institutions Placement (QIP) under Chapter VI of the ICDR Regulations.
  • A Further Public Offer (FPO) under Chapter IV of the ICDR Regulations.
  • Preferential allotment or a rights issue.
  • Issuance of fully/partly/optionally convertible debentures, warrants, or other securities convertible into equity shares.
  • Issuance of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), or Foreign Currency Convertible Bonds (FCCBs).

The funds can be raised in one or more tranches, in Indian or foreign currencies, from a wide range of eligible Indian and foreign investors. The equity shares issued will rank pari-passu with the existing equity shares of the company. The resolution includes detailed terms and conditions governing each potential method of issuance, as required by the Companies Act, 2013, SEBI ICDR Regulations, FEMA, and other applicable statutes.

Voting Process and Methods

The voting was conducted entirely through a remote e-voting process facilitated by National Securities Depository Limited (NSDL).

  • Cut-off Date: Friday, August 07, 2026. Only members holding shares as of this date were entitled to vote.
  • Notice Dispatch: The notice of the postal ballot, dated August 10, 2026, was circulated via electronic mode on Wednesday, August 12, 2026.
  • Public Notice: A newspaper advertisement was published in the English (Financial Express) and Marathi (Loksatta) editions on August 13, 2026.

Scrutinizer Appointment and Role

Mr. Sridhar Mudaliar (COP: 2664) of M/s. SVD & Associates, Company Secretaries, Pune, was appointed as the Scrutinizer. Mrs. Sheetal Joshi (COP: 11635) was appointed to act in his absence. The Scrutinizer was responsible for conducting the postal ballot in a fair and transparent manner. The Scrutinizer's Report was dated September 11, 2026.

Key Voting Outcomes

The result of the e-voting on the special resolution is as follows:

| Detail | Value |

| Votes cast in favour | 406,238,232 shares |

| Percentage in favour | 99.79% |

| Votes cast against | 819,725 shares |

| Percentage against | 0.2014% |

| Invalid Votes | 3,975,678 shares |

| Result | Passed by requisite majority |

Compliance Statement

The document confirms that the entire process was conducted in compliance with:

  • Section 110 of the Companies Act, 2013.
  • The Companies (Management and Administration) Rules, 2014.
  • Relevant General Circulars issued by the Ministry of Corporate Affairs (MCA).
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • The Secretarial Standard on General Meetings (SS-2).