Resolutions Approved
Shareholders approved two resolutions through remote e-voting with requisite majority on 11th June 2026 (deemed date of approval):
1. Ordinary Resolution: Increase in Authorised Share Capital and Alteration of the Capital clause in Memorandum of Association of the Company.
2. Special Resolution: Issue of Warrants, convertible into Equity Shares to person(s) and/or entity(ies) belonging to "Promoter and Promoter Group" category and "Non-Promoter" category on a preferential basis.
Voting Process Details
- Cut-off date: Friday, 8th May 2026
- Remote e-voting period: 13th May 2026 (9:00 AM IST) to 11th June 2026 (5:00 PM IST)
- E-voting agency: National Securities Depository Limited (NSDL)
- Scrutinizer: Gaurav Bachani, Proprietor of Gaurav Bachani & Associates, Company Secretaries, Ahmedabad
- Notice dispatch: Notice of Postal Ballot dispatched via email on 12th May 2026
- Corrigendum issued: 20th May 2026, 27th May 2026, and 9th June 2026
Advertisement Publication
The Company published newspaper advertisements in:
- Active Times (English Language) on 14th May 2026, 22nd May 2026, 28th May 2026, and 11th June 2026
- Mumbai Lakshdeep (Marathi Language) on 14th May 2026, 22nd May 2026, 28th May 2026, and 11th June 2026
Detailed Voting Results
Resolution 1: Increase in Authorised Share Capital (Ordinary Resolution)
- Total shares outstanding: 43,87,100
- Total votes polled: 33,12,388 (75.5029% of outstanding shares)
- Votes in favor: 33,12,387 (100.0000% of votes polled)
- Votes against: 1 (0.0000% of votes polled)
Category-wise breakdown:
- Promoter and Promoter Group: 31,82,900 shares held, 31,82,900 votes polled (100.00%), all in favor
- Public Institutions: 300 shares held, 0 votes polled (0.0000%)
- Public Non-Institutions: 12,03,900 shares held, 1,29,488 votes polled (10.7557%), with 1,29,487 in favor and 1 against
Resolution 2: Preferential Issue of Warrants (Special Resolution)
- Total shares outstanding: 43,87,100
- Total votes polled: 33,12,388 (75.5029% of outstanding shares)
- Votes in favor: 33,12,387 (100.0000% of votes polled)
- Votes against: 1 (0.0000% of votes polled)
Category-wise breakdown:
- Promoter and Promoter Group: 31,82,900 shares held, 31,82,900 votes polled (100.00%), all in favor
- Public Institutions: 300 shares held, 0 votes polled (0.0000%)
- Public Non-Institutions: 12,03,900 shares held, 1,29,488 votes polled (10.7557%), with 1,29,487 in favor and 1 against
Scrutinizer Certification
Gaurav Bachani certified that the remote e-voting process was conducted fairly and transparently. The voting was unblocked and electronic voting reports were received from NSDL on 11th June 2026 at 7:14 PM IST in the presence of witness Om Rana.