Meeting Details

The postal ballot was conducted entirely through electronic voting (e-voting) without any physical meeting. The voting period ran from Thursday, June 11, 2026, at 9:00 a.m. to Friday, July 10, 2026, at 5:00 p.m. IST. The record date for determining eligible shareholders was June 5, 2026, with 8,477 shareholders on record. Results were declared on July 10, 2026, immediately following the conclusion of voting.

Proposed Resolutions and Implications

Resolution 1: Voluntary Delisting (Special Resolution)

Approval for voluntary delisting of equity shares (face value ₹10 each) from both BSE Limited and National Stock Exchange of India Limited under SEBI (Delisting of Equity Shares) Regulations, 2021. This would result in the company exiting the public markets.

Resolution 2: Re-appointment of Managing Director (Ordinary Resolution)

Re-appointment of Mr. Malav Dani (DIN: 01184336) as Managing Director of the company.

Resolution 3: Appointment of Independent Director (Special Resolution)

Appointment of Mr. Mehli Golvala (DIN: 02234105) as an Independent Non-Executive Director.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting via the NSDL platform (www.evoting.nsdl.com) under Electronic Voting Sequence Number (EVSN) 139662. No physical polling or postal ballot forms were used. The company sent notices via email to all eligible members and published public notices in The Business Standard (English) and Mumbai Lakshadeep (Marathi) newspapers on June 11, 2026.

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 17,175,700
  • Total votes polled: 13,689,238 (79.70% of outstanding shares)
  • Number of shareholders voting: 213-214 across different resolutions

Resolution 1: Voluntary Delisting Results

Overall Result: Passed as Special Resolution

  • Votes in favor: 13,365,370 (99.67% of votes polled)
  • Votes against: 44,505 (0.33% of votes polled)

Public Shareholder Approval (SEBI Requirement):

  • Public institutions shares: 10,500 (0.06% of listed capital) - 0 votes polled
  • Public non-institutions shares: 4,380,720 (25.51% of listed capital)
  • Votes polled from public non-institutions: 911,195 (20.80% of shares held)
  • Public votes in favor: 866,690 (95.12% of votes polled)
  • Public votes against: 44,505 (4.88% of votes polled)
  • Requirement met: Votes in favor (866,690) exceed twice the votes against (44,505)

Resolution 2: Re-appointment of MD (Ordinary Resolution)

Overall Result: Passed

  • Votes in favor: 13,682,545 (99.95% of votes polled)
  • Votes against: 6,693 (0.05% of votes polled)

Category-wise Breakdown:

  • Promoter & Promoter Group: 12,779,480 votes (99.96% participation) - 100% in favor
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 909,758 votes (20.77% participation) - 99.26% in favor (903,065 votes), 0.74% against (6,693 votes)

Resolution 3: Appointment of Independent Director (Special Resolution)

Overall Result: Passed

  • Votes in favor: 13,688,975 (99.99% of votes polled)
  • Votes against: 1,013 (0.01% of votes polled)

Category-wise Breakdown:

  • Promoter & Promoter Group: 12,779,480 votes (99.96% participation) - 100% in favor
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 910,508 votes (20.78% participation) - 99.89% in favor (909,495 votes), 0.11% against (1,013 votes)

Scrutinizer's Role and Findings

M/s. Mayank Arora & Co., Practicing Company Secretaries, were appointed as Scrutinizer by the Board of Directors on June 9, 2026. The scrutinizer unblocked the votes on July 10, 2026, at 5:00 p.m. in the presence of two independent witnesses (Ms. Nishita Gandhi and Mr. Pranay Gaikar). The scrutinizer confirmed that all procedures were properly followed and that the results accurately reflect the shareholder votes.

Compliance with Laws and Regulations

The process complied with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Regulation 11(4) of SEBI (Delisting of Equity Shares) Regulations, 2021
  • All relevant MCA General Circulars

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.hitechcorporation.co) and NSDL's e-voting portal (www.evoting.nsdl.com). The company had 8,477 shareholders as of the record date (June 5, 2026).