Date, Location, and Type of Meeting

The meeting was conducted via a Postal Ballot. The last date for receipt of votes (e-voting) was Friday, July 31, 2026. There was no physical meeting location specified as the voting was conducted entirely through remote e-voting means.

Summary of Proposed Resolution and Implications

The single resolution proposed was for the appointment of Mr. Pranav C. Amin (DIN: 00245099) as a Non-Executive and Independent Director for his second term of five consecutive years. This was a Special Resolution. The implication is the continuation of Mr. Amin's directorship for another term.

Voting Process and Methods Used

The voting was conducted exclusively through a remote e-voting process. The company availed the e-voting facility of MUFG Intime India Private Limited. The remote e-voting window was open for 30 days, from Thursday, July 2, 2026 (9:00 A.M. IST) to Friday, July 31, 2026 (5:00 P.M. IST). No physical polling or postal ballot forms (other than e-voting) were used.

Key Voting Outcomes

Total Votes Cast

  • Total number of shares voted: 157,332,972
  • Percentage of votes polled on total outstanding shares (224,399,930): 70.1128%

Overall Result

  • Number of votes in favor: 148,881,748 (94.6284% of votes polled)
  • Number of votes against: 8,451,224 (5.3716% of votes polled)
  • The resolution was passed.

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

  • Shares held: 133,012,116
  • Shares voted: 133,012,116 (100% of shares held)
  • Votes in favor: 133,012,116 (100%)
  • Votes against: 0 (0%)

Public Institutions

  • Shares held: 31,914,802
  • Shares voted: 23,060,447 (72.2563% of shares held)
  • Votes in favor: 14,617,747 (63.3888% of votes cast by this category)
  • Votes against: 8,442,700 (36.6112% of votes cast by this category)

Public Non-Institutions

  • Shares held: 59,473,012
  • Shares voted: 1,260,409 (2.1193% of shares held)
  • Votes in favor: 1,251,885 (99.3237% of votes cast by this category)
  • Votes against: 8,524 (0.6763% of votes cast by this category)

Additional Voting Notes

  • Two members voted both for and against the resolution for part of their shareholdings.
  • One member, holding 3,424 equity shares, abstained from voting.
  • The total number of members who voted was 458.
  • 373 members voted in favor.
  • 85 members voted against.

Scrutinizer's Role, Findings, and Conclusions

Mr. S. Samdani, a Partner at Samdani Shah and Kabra (FCS 3677), was appointed as the Scrutinizer by the company's Board of Directors in a meeting held on June 22, 2026. His role was to scrutinize the remote e-voting process.

The Scrutinizer's report, dated July 31, 2026, confirms that the votes were unblocked and downloaded from the e-voting system at 5:20 P.M. IST on July 31, 2026, in the presence of two independent witnesses (Priyanka Marthak and Prinsi Singh). The report concludes that the resolution was passed with the requisite majority and that all relevant records are in his safe custody until handed over to the company.

Confirmation of Compliance

The document confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 108 and 110 of the Companies Act, 2013.
  • Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Relevant MCA General Circulars (GC No. 14/2020, 17/2020, 09/2024, 03/2025).

The voting results and the Scrutinizer's report have been posted on the company's website (www.elecon.com).

Names and Roles of Signatories

The letter is signed by Bharti Isarani, who holds the designation of Company Secretary & Compliance Officer for Elecon Engineering Company Limited.

The Scrutinizer's Report is signed by S. Samdani of Samdani Shah and Kabra, Company Secretaries.

Other Relevant Information

  • Company Scrip Codes: BSE: 505700, NSE: ELECON, ISIN: INE205B01031
  • Record Date: June 26, 2026
  • Total Shareholders on Record Date: 119,466
  • The Postal Ballot Notice was dated June 22, 2026.