Key Quantitative Figures and Dates

  • Postal Ballot Notice Date: May 25, 2026
  • Dispatch Completion Date: May 26, 2026
  • Cut-off Date for Shareholder Eligibility: Friday, May 22, 2026
  • Remote E-voting Period: Commenced Wednesday, May 27, 2026 at 09:00 AM IST and ended Thursday, June 25, 2026 at 05:00 PM IST
  • Results Declaration Date: Thursday, June 25, 2026
  • Appointment Term: Mr. Rakesh Grover appointed for 2 consecutive years effective from March 30, 2026
  • Redesignation Effective Date: Mr. Yashwant Kumar Sharma's redesignation effective from July 1, 2026

Parties Involved

  • Scrutinizer: Mr. Akshit Kumar Jangid (M. No.: FCS11285 C.P.No.: 16300), Partner of M/s. Pinchaa & Co., Company Secretaries
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Registrar and Transfer Agent: Bigshare Services Private Limited
  • Related Parties Mentioned: Global Surfaces Inc. (GSI) and Superior Surfaces Inc. (SSI)
  • Subsidiary: Global Surfaces FZE (wholly owned subsidiary)

Resolution Details and Outcomes

Resolution 1: Special Resolution - Appointment of Director

  • Subject: Appointment of Mr. Rakesh Grover (DIN: 09673773) as Non-Executive Independent Director
  • Status: Passed with requisite majority
  • Term: 2 consecutive years effective from March 30, 2026
  • Background: Originally appointed as Additional Director by Board on March 30, 2026
  • Compliance: Submitted declaration confirming independence criteria under Section 149(6) of Companies Act and Regulation 16(1)(b) of SEBI Listing Regulations

Resolution 2: Special Resolution - Redesignation of Director

  • Subject: Redesignation of Mr. Yashwant Kumar Sharma (DIN: 08686725) from Non-Executive Independent Director to Non-Executive Non-Independent Director
  • Status: Passed with requisite majority
  • Effective Date: July 1, 2026
  • Retirement: Will be liable to retire by rotation
  • Remuneration: Entitled to sitting fees for Board and Committee meetings with expense reimbursement

Resolution 3: Ordinary Resolution - Related Party Transactions

  • Subject: Approval of Material Related Party Transactions to be entered into by the Company with related parties
  • Status: Passed with requisite majority
  • Counterparties: Global Surfaces Inc. (GSI) and Superior Surfaces Inc. (SSI)- Period: Financial year 2026-27
  • Conditions: Transactions to be at arm's length and in ordinary course of business
  • Approval Process: Previously approved by Audit Committee and recommended by Board of Directors

Resolution 4: Ordinary Resolution - Subsidiary RPTs

  • Subject: Approval of Material Related Party Transactions to be entered into by Global Surfaces FZE (wholly owned subsidiary) with related parties of the Company
  • Status: Passed with requisite majority
  • Counterparties: Global Surfaces Inc. (GSI) and Superior Surfaces Inc. (SSI)
  • Period: Financial year 2026-27
  • Conditions: Transactions to be at arm's length and in ordinary course of business of both Company and FZE
  • Approval Process: Previously approved by Audit Committee and recommended by Board of Directors

Process and Compliance Details

  • Postal Ballot conducted through remote e-voting facility provided by NSDL
  • Public advertisement published on May 27, 2026, in Financial Express (English - All Edition) and Business Remedies (Hindi - Jaipur Edition) Newspaper
  • Scrutinizer submitted report on June 25, 2026, which was countersigned by Mr. Dharam Singh Rathore, Company Secretary and Compliance Officer
  • Results declared on June 25, 2026, and displayed on notice board at Registered Office and company website
  • All resolutions deemed passed on the last date of e-voting (June 25, 2026)

Financial Impact

Financial impact not quantified in the disclosure. The resolutions primarily concern governance changes and approvals for potential future transactions.

Capital Structure Impact

No direct impact on share capital structure disclosed. The resolutions do not involve issuance or alteration of share capital.

Governance Impact

The resolutions result in changes to board composition and director classifications, affecting the company's governance structure.

#Tags: #GlobalSurfaces #SEBIDisclosure #PostalBallot #CorporateGovernance #RegulatoryCompliance #Neutral