Background

The company conducted a Postal Ballot for seeking shareholder approval for matters set out in the Notice of Postal Ballot dated 9th June, 2026. The e-voting was conducted through National Securities Depository Limited (NSDL) as service provider.

Key Dates

  • Postal Ballot Notice Date: 9th June, 2026
  • Cut-off date for voting eligibility: 5th June, 2026
  • E-voting period: 15th June, 2026 (9:00 AM IST) to 14th July, 2026 (5:00 PM IST)
  • Results deemed passed: 14th July, 2026

Resolution Details and Voting Results

Resolution 1: Re-appointment of Mr. Yuvraj Malhotra as Chairman and Managing Director

  • Resolution Type: Special Resolution
  • Promoter Interest: Yes (promoters interested in this resolution)
  • Total Outstanding Shares: 51,466,551
  • Total Votes Polled: 10,478,523 (20.36% of outstanding shares)
  • Votes in Favor: 10,426,892 (99.5073% of votes polled)
  • Votes Against: 51,631 (0.4927% of votes polled)
  • Result: Passed

Resolution 2: Continuation of Mr. Suryakant Mayani as Non-Executive, Non-Independent Director

  • Resolution Type: Special Resolution
  • Promoter Interest: No
  • Total Outstanding Shares: 51,466,551
  • Total Votes Polled: 10,478,523 (20.36% of outstanding shares)
  • Votes in Favor: 10,426,707 (99.5055% of votes polled)
  • Votes Against: 51,816 (0.4945% of votes polled)
  • Result: Passed

Resolution 3: Payment of Remuneration to Mr. Suryakant Mayani for FY 2026-27

  • Resolution Type: Special Resolution
  • Promoter Interest: No
  • Total Outstanding Shares: 51,466,551
  • Total Votes Polled: 10,478,523 (20.36% of outstanding shares)
  • Votes in Favor: 10,426,707 (99.5055% of votes polled)
  • Votes Against: 51,816 (0.4945% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown

All three resolutions showed identical voting patterns across shareholder categories:

Promoter and Promoter Group (9,551,366 shares)

  • No votes polled (0% participation)

Public Institutions (39,725 shares)

  • Votes Polled: 4,881 shares (12.287% participation)
  • 100% votes in favor for all resolutions

Public Non-Institutions (41,875,460 shares)

  • Votes Polled: 10,473,642 shares (25.0114% participation)
  • Approximately 99.51% in favor, 0.49% against for all resolutions

Scrutinizer Details

  • Name: Shreya Shah, Company Secretary in whole-time practice
  • Appointment: Board meeting held on 9th June, 2026
  • Legal Basis: Section 108 of Companies Act, 2013 and Companies (Management and Administration) Rules, 2014

Shareholder Base

  • Total members as of cut-off date (5th June, 2026): 28,739

Enclosures

  • Annexure-I: Voting Results as per Regulation 44
  • Annexure-II: Scrutinizer's Report on e-Voting Results