Meeting Details

  • Type of Meeting: Postal Ballot through Remote e-Voting
  • Date of Notice: 25th May, 2026
  • Voting Commencement: 27th May, 2026 at 09:00 AM IST
  • Voting Closing: 25th June, 2026 at 5:00 PM IST
  • Cut-off Date: 22nd May, 2026
  • Result Declaration Date: 25th June, 2026

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Resolution 1 (Ordinary): Appointment of Mr. Arup Das (DIN: 08417965) as Director

2. Resolution 2 (Special): Appointment of Mr. Arup Das (DIN: 08417965) as Executive Director — Engineering Business

3. Resolution 3 (Special): Appointment of Mr. Manoj Kumar Vijay (DIN: 00075792) as Independent Director

4. Resolution 4 (Ordinary): Appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Director

5. Resolution 5 (Special): Appointment of Mr. Sandeep Joseph Abraham (DIN: 11656222) as Managing Director & Chief Executive Officer

The promoter/promoter group was not interested in any of the agendas/resolutions.

Voting Process and Methods

  • Voting Method: Remote e-voting exclusively through NSDL platform (https://eservices.nsdl.com)
  • Total Shareholders: 34,108 as on cut-off date (14-May-26)
  • Shareholders Participated: 177 (14 Promoters/Promoter Group + 163 Public)
  • Scrutinizer: Mr. Atul Kumar Labh, Practicing Company Secretary (Membership No. 4848, CP No. 3238) of M/s. A.K. Labh & Co.
  • Vote Unblocking Witnesses: Mr. Rohit Kumar and Ms. Anushree Dasgupta (not employed by the company)

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 40,518,796
  • Total Votes Polled: 32,979,617 (81.3934% of outstanding shares)
  • Invalid Votes: 0 across all resolutions

Resolution-wise Results

Resolution 1 (Ordinary - Arup Das as Director)

  • Total Votes: 32,898,230 (99.7532% of votes polled)
  • In Favor: 32,898,230 (100.0000% of votes cast for this resolution)
  • Against: 81,387 (0.2468%)
  • 158 members voted in favor, 19 against

Resolution 2 (Special - Arup Das as Executive Director)

  • Total Votes: 32,979,617
  • In Favor: 32,868,994 (99.6646%)
  • Against: 110,623 (0.3354%)
  • 152 members voted in favor, 25 against

Resolution 3 (Special - Manoj Kumar Vijay as Independent Director)

  • Total Votes: 32,979,619
  • In Favor: 30,981,974 (93.9428%)
  • Against: 1,997,645 (6.0572%)
  • 150 members voted in favor, 28 against

Resolution 4 (Ordinary - Sandeep Joseph Abraham as Director)

  • Total Votes: 32,979,617
  • In Favor: 32,979,111 (99.9985%)
  • Against: 506 (0.0015%)
  • 164 members voted in favor, 13 against

Resolution 5 (Special - Sandeep Joseph Abraham as MD & CEO)

  • Total Votes: 32,979,617
  • In Favor: 32,979,111 (99.9985%)
  • Against: 506 (0.0015%)
  • 164 members voted in favor, 13 against

Category-wise Voting Breakdown

Promoter and Promoter Group (30,373,199 shares)

  • 100% participation (30,373,199 votes)
  • Voted 100% in favor across all resolutions

Public Institutions (2,793,795 shares)

  • 83.3236% participation (2,327,890 votes)
  • Resolution 1: 96.5229% in favor
  • Resolution 2: 95.2670% in favor
  • Resolution 3: 14.2055% in favor
  • Resolution 4: 100% in favor
  • Resolution 5: 100% in favor

Public Non-Institutions (7,351,802 shares)

  • 3.7886% participation (278,528 votes)
  • Consistently voted ~99.8%+ in favor across all resolutions

Scrutinizer's Role and Findings

Mr. Atul Kumar Labh was appointed scrutinizer by the Board of Directors on 25th May, 2026. His responsibilities included:

  • Scrutinizing the electronic voting process through NSDL platform
  • Ensuring fair and transparent voting process in accordance with MCA Circulars
  • Preparing the scrutinizer's report based on NSDL-generated voting reports

The scrutinizer confirmed that all five resolutions were passed with requisite majority and recommended declaration of results.

Compliance Confirmation

The voting process complied with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Multiple MCA Circulars dated between 2020-2025 regarding e-voting procedures
  • The notice was dispatched electronically to all members on 26th May, 2026

Additional Information

The complete documents are available on the company's website at www.ifbindustries.com. All resolutions were deemed passed on 25th June, 2026, being the last date of receipt of electronic votes.