Meeting Details

The resolutions were put to vote via a Postal Ballot, not a physical meeting. The notice for the Postal Ballot was dated March 18, 2026. The e-voting period commenced on Saturday, April 25, 2026, at 09:00 AM (IST) and ended on Sunday, May 24, 2026, at 05:00 PM (IST).

Summary of Proposed Resolutions

Four special resolutions were proposed for shareholder approval:

1. To consider and approve 'Ion Exchange (India) Limited Employee Stock Option Scheme 2026'.

2. To consider and approve the grant of employee stock options to the employees of subsidiary company(ies) of the Company under the ESOP 2026.

3. To consider and approve secondary acquisition of shares through the Trust route for the implementation of the ESOP 2026.

4. To consider and approve the provision of money by the Company for the purchase of its own shares by the Trust under the ESOP 2026.

Voting Process and Methods

The voting was conducted entirely through remote e-voting. The company engaged National Securities Depository Limited (NSDL) to provide the e-voting facility. The cut-off date for determining members eligible to vote was Friday, April 17, 2026.

Key Voting Outcomes

All four special resolutions were passed with a requisite majority. The scrutinizer's report provides a detailed breakdown of votes by shareholder category for Item No. 1.

Overall Results:

  • Item No. 1: 92.29% in favor (581,27,312 votes) vs. 7.71% against (48,54,616 votes). 435 members voted.
  • Item No. 2: 92.29% in favor (581,27,204 votes) vs. 7.71% against (48,53,339 votes). 433 members voted.
  • Item No. 3: 92.30% in favor (581,27,992 votes) vs. 7.70% against (48,52,551 votes). 433 members voted.
  • Item No. 4: 92.30% in favor (581,28,001 votes) vs. 7.70% against (48,52,542 votes). 433 members voted.

Category-wise Breakdown for Item No. 1:

  • Promoter and Promoter Group: Held 3,74,34,888 shares. 72.9999% of their shares were voted (2,73,27,438 votes), all (100%) in favor.
  • Public - Institutions: Held 2,86,29,348 shares. 92.3912% of their shares were voted (2,64,50,990 votes), with 81.7136% in favor (2,16,14,049 votes) and 18.2864% against (48,36,941 votes).
  • Public - Non-Institutions: Held 8,06,02,354 shares. 11.4184% of their shares were voted (92,03,500 votes), with 99.808% in favor (91,85,825 votes) and 0.192% against (17,675 votes).
  • Total Votes Polled: 6,29,81,928 votes, representing 42.9422% of the total 14,66,66,590 outstanding shares.

Scrutinizer's Role and Findings

CS Nirmal Gupta (ACS: 45839, CP No: 27144), a partner of M/s. GMJ & Associates, was appointed as the Scrutinizer. The Scrutinizer's responsibilities included unblocking the votes cast through remote e-voting on May 24, 2026, at 17:05 hrs in the presence of two independent witnesses (Ms. Maithee Pagaria and Ms. Seetha Nair), scrutinizing the votes to eliminate invalid votes, and preparing this report based on data downloaded from the NSDL e-voting website. The report confirms the validity of the process and the outcome.

Compliance Confirmation

The disclosure confirms compliance with Section 108 and 110 of the Companies Act, 2013, read with the relevant rules, Regulation 44 of SEBI LODR, SEBI Master Circulars, MCA Circulars, and Secretarial Standard SS-2.