Voting Process Details

The postal ballot was conducted through remote e-voting facilitated by MUFG Intime India Private Limited.

  • Voting Period: Commenced on Wednesday, August 12, 2026 and concluded on Thursday, September 10, 2026
  • Record Date: Friday, August 7, 2026
  • Total Shareholders on Record Date: 25,627
  • Scrutinizer: CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates (Membership No.: 6715)
  • Scrutinizer Appointment Date: August 10, 2026 (Board Meeting date)
  • Scrutinizer Report Date: September 11, 2026

Resolution Details

Resolution 1: Special Resolution

  • Description: "To consider and approve the borrowing limits of the Company as per the provision of Section 180(1)(c) of the Companies Act, 2013 up to Rs. 400,00,00,000/- (Rupees Four Hundred Crore Only)"
  • Promoter Interest: No (promoters/promoter group not interested in the resolution)

Voting Results Breakdown

Promoter & Promoter Group Voting

  • Shares Held: 12,326,764
  • Votes Polled: 12,326,764 (100% of shares held)
  • Votes in Favor: 12,326,764 (100% of votes polled)
  • Votes Against: 0 (0% of votes polled)

Public Institutions Voting

  • Shares Held: 27,893
  • Votes Polled: 0 (0% of shares held)
  • No votes cast for or against

Public Non-Institutions Voting

  • Shares Held: 19,735,343
  • Votes Polled: 6,798,310 (34.45% of shares held)
  • Votes in Favor: 6,425,152 (94.51% of votes polled)
  • Votes Against: 373,158 (5.49% of votes polled)

Overall Voting Results

  • Total Shares Outstanding: 32,090,000
  • Total Votes Polled: 19,125,074 (59.60% of total outstanding shares)
  • Total Votes in Favor: 18,751,916 (98.05% of votes polled)
  • Total Votes Against: 373,158 (1.95% of votes polled)
  • Resolution Outcome: PASSED

Scrutinizer Report Details

The scrutinizer verified that:

  • The company dispatched the notice only through electronic mode to members whose email addresses were registered as of the cut-off date (August 7, 2026)
  • Advertisement was published in The Free Press Journal (English) and Navshakti (Marathi) on August 12, 2026
  • Remote e-voting period was from August 12, 2026 (9:00 AM IST) to September 10, 2026 (5:00 PM IST)
  • Votes were unblocked in the presence of independent witnesses CS Bhavya Gala and CS Hritik Nema
  • Shareholding was matched with the Register of Members/List of Beneficiaries as of the cut-off date
  • No invalid votes were cast
  • 68 members voted in favor with 18,751,916 valid votes (98.05%)
  • 6 members voted against with 373,158 valid votes (1.95%)
  • Two shareholders cast votes partly in favor and partly against the resolution

The scrutinizer confirmed that votes in favor were more than three times the votes against, meeting the requirement for special resolution passage.