Resolution Details

The single resolution put to vote was a Special Resolution for "Approval for Issue of Equity Shares of the Company on Preferential Basis upon Conversion of Outstanding Unsecured Loan." The resolution was deemed passed on June 10, 2026 (the last date of the remote e-voting period).

Voting Process and Timeline

  • Record date for determining eligible voters: May 8, 2026
  • Total shareholders on record date: 109,009
  • Postal Ballot Notice dispatch date: May 11, 2026
  • Remote e-voting period: May 12, 2026 (9:00 AM IST) to June 10, 2026 (5:00 PM IST)
  • E-voting service provider: Bigshare Services Private Limited
  • Scrutinizer: Ms. Geeta Canabar of M/s. Geeta Canabar & Associates (appointed May 11, 2026)

Voting Results Breakdown

Overall Results:

  • Total shares voted: 118,868,759 (47.47% of outstanding shares)
  • Votes in favor: 118,259,020 (99.49% of votes cast)
  • Votes against: 609,739 (0.51% of votes cast)
  • Resolution passed as Special Resolution

Promoter and Promoter Group:

  • Shares held: 111,863,145
  • Shares voted: 111,863,145 (100% participation)
  • 100% votes in favor (111,863,145 shares)
  • 0% votes against

Public Institutions:

  • Shares held: 7,308,540
  • Shares voted: 5,780,096 (79.09% participation)
  • 100% votes in favor (5,780,096 shares)
  • 0% votes against

Public Non-Institutions:

  • Shares held: 131,222,624
  • Shares voted: 1,225,518 (0.93% participation)
  • Votes in favor: 615,779 shares (50.25%)
  • Votes against: 609,739 shares (49.75%)

Scrutinizer's Report

Ms. Geeta Canabar submitted her report on June 12, 2026, confirming:

  • The voting process was conducted fairly and transparently
  • Postal Ballot Notice was sent electronically to members registered with email addresses
  • Advertising was published on May 12, 2026 as required
  • All electronic data and voting records remain in her custody until minutes are signed

Additional Information

  • The company's registered office is at Lancer House, Mayuresh Chambers Premises Co-op.Society Ltd, H02, Plot No. - 60, Sec -11, CBD Belapur, India 400614
  • Company CIN: L74990MH2011PLC214448
  • The voting results and scrutinizer's report are available on the company website: www.lancerline.com