Voting Process Details

The remote e-voting was conducted through National Securities Depository Limited (NSDL) from October 1, 2026 (09:00 AM IST) to October 30, 2026 (05:00 PM IST). The cut-off date for determining shareholders eligible to vote was September 25, 2026, with 4,084 shareholders on record.

Siddharth Sipani, Practicing Company Secretary (Membership No. 28650, CP No. 1193), was appointed as the Scrutinizer for the postal ballot process. The notice was emailed to shareholders on September 30, 2026, and published in Free Press Gujarat (English) and Lokmitra (Gujarati) newspapers on October 1, 2026.

Resolution-wise Voting Results

Resolution 1: Alteration of the Main Object Clause of the Memorandum of Association

  • Resolution Type: Special Resolution
  • Promoter Interest: No
  • Total Outstanding Shares: 11,102,024
  • Total Votes Polled: 6,586,496 shares (59.327% of outstanding shares)
  • Votes in Favor: 6,586,385 shares (99.9983% of votes polled)
  • Votes Against: 111 shares (0.0017% of votes polled)
  • Invalid Votes: 0
  • Result: Passed

Category-wise Breakdown for Resolution 1:

  • Promoter & Promoter Group: 5,216,820 votes polled (72.7731% of their 7,168,614 shares), 100% in favor
  • Public Institutions: 392,720 shares held, 0 votes polled
  • Public Non-Institutions: 1,369,676 votes polled (38.6839% of their 3,540,690 shares), 99.9919% in favor (1,369,565 votes), 0.0081% against (111 votes)

Resolution 2: Approval for Change of Name and Consequent Alteration of Memorandum and Articles of Association

  • Resolution Type: Special Resolution
  • Total Votes Polled: 6,586,496 shares (59.327% of outstanding shares)
  • Votes in Favor: 6,586,385 shares (99.9983% of votes polled)
  • Votes Against: 111 shares (0.0017% of votes polled)
  • Invalid Votes: 0
  • Result: Passed

The voting pattern for Resolution 2 was identical to Resolution 1 across all shareholder categories.

Scrutinizer's Report Summary

Siddharth Sipani & Associates issued the scrutinizer's report on October 31, 2026, confirming:

  • 22 members voted in favor with 6,586,385 votes (99.998% of valid votes)
  • 2 members voted against with 111 votes (0.002% of valid votes)
  • 0 invalid/abstained votes
  • Both resolutions passed with requisite majority