Disclosure under Regulation 44(3) of SEBI LODR Regulations, 2015

Meeting Details

  • Type of Meeting: Postal Ballot (No physical meeting held)
  • Voting Period: Remote e-voting was conducted from 9:00 AM on Wednesday, 9th September 2026 to 5:00 PM on Thursday, 8th October 2026
  • Record Date: 4th September 2026 (cut-off date for determining shareholders eligible to vote)
  • Total Shareholders on Record Date: 22,088

Proposed Resolution and Implications

The special resolution sought approval for:

  • Appointment of Mr. Mukesh Harshadrai Rawal (DIN: 11676514) as Whole-time Director
  • Designation: Director and Chief Executive Officer India
  • Term: Three years from 16th August 2026 to 15th August 2029
  • Liability: To retire by rotation
  • Remuneration: Payment of remuneration as approved

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilities provided by NSDL. No physical polling or postal ballot (paper) was used. The advertisement for the postal ballot was published in "Pratidin" (Odia language) and "Business Standard" (English language) on 9th September 2026.

Key Voting Outcomes

Overall Voting Results:
  • Total Number of Shares: 72,078,624
  • Total Votes Cast: 61,809,592 shares (85.753% of total outstanding shares)
  • Votes in Favor: 61,805,406 shares (99.9932% of votes cast)
  • Votes Against: 4,186 shares (0.0068% of votes cast)
  • Resolution Outcome: Passed
Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares Held: 52,209,548
  • Votes Polled: 52,209,548 (100% participation)
  • Votes in Favor: 52,209,548 (100%)
  • Votes Against: 0 (0%)

Public Institutions:

  • Shares Held: 9,341,727
  • Votes Polled: 9,330,803 (99.8831% participation)
  • Votes in Favor: 9,330,803 (100%)
  • Votes Against: 0 (0%)

Public Non-Institutions:

  • Shares Held: 10,527,349
  • Votes Polled: 269,241 (2.5575% participation)
  • Votes in Favor: 265,055 (98.4453%)
  • Votes Against: 4,186 (1.5547%)

Scrutinizer's Role and Findings

CS P K Sarawagi, Proprietor of M/s P Sarawagi & Associates, was appointed as the scrutinizer. Key findings:

  • The e-voting process was conducted fairly and transparently
  • Votes were unblocked on 8th October 2026 at 5:23 PM in the presence of two independent witnesses (Mr. Shankar Lal Agarwal and Mr. Vineet Singh)
  • Total valid votes: 61,809,592 from 132 members
  • No invalid votes were recorded
  • The resolution received the requisite majority for approval

Compliance Confirmation

The company confirmed compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Sections 108 & 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars No. 14/2020, 17/2020, and 03/2025

Additional Information

The voting results and scrutinizer's report have been hosted on the company's website (www.ifglgroup.com) and NSDL's e-voting portal (https://www.evoting.nsdl.com/). All relevant documents remain in the scrutinizer's custody until the minutes are approved and signed by the Chairman.