Key Dates

  • Postal Ballot Notice Date: August 31, 2026
  • Remote E-voting Start Date: Thursday, October 8, 2026 at 9:00 a.m. (IST)
  • Remote E-voting End Date: Friday, November 6, 2026 at 5:00 p.m. (IST)
  • Cut-off Date: October 2, 2026
  • Result Declaration Date: November 9, 2026
  • Deemed Passing Date of Resolutions: November 6, 2026

Shareholder Base

Total number of shareholders as on cut-off date (October 2, 2026): 155,840

Scrutinizer Details

Ms. B Chandra, Company Secretary in Practice (Membership No. A20879, COP No. 7859), partner of M/s. B Chandra & Associates, Practicing Company Secretaries, was appointed as Scrutinizer for the postal ballot process.

Voting Results Summary

All six special resolutions were passed with the requisite majority through postal ballot by remote e-voting process.

Resolution 1: Ratification of Milky Mist Dairy Food - Employee Stock Option Scheme 2025

  • Result: Passed as Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 657,048,137 shares (85.35% of outstanding shares)
  • In Favor: 635,565,146 shares (96.73% of votes polled)
  • Against: 21,482,991 shares (3.27% of votes polled)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 53.49% in favor, 46.51% against
  • Public Non-Institutions: 994,383 shares voted (1.11% of non-institutional holding), 99.25% in favor, 0.75% against

Resolution 2: Modification in existing grant made under Milky Mist Dairy Food - Employee Stock Option Scheme, 2025

  • Result: Passed as Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 657,048,107 shares (85.35% of outstanding shares)
  • In Favor: 624,427,537 shares (95.04% of votes polled)
  • Against: 32,620,570 shares (4.96% of votes polled)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 29.37% in favor, 70.63% against
  • Public Non-Institutions: 994,353 shares voted (1.11% of non-institutional holding), 99.23% in favor, 0.77% against

Resolution 3: Amendment to the Articles of Association of the Company

  • Result: Passed as Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 657,048,036 shares (85.35% of outstanding shares)
  • In Favor: 657,040,873 shares (100.00% of votes polled)
  • Against: 7,163 shares (negligible percentage)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 100% in favor
  • Public Non-Institutions: 994,282 shares voted (1.11% of non-institutional holding), 99.28% in favor, 0.72% against

Resolution 4: Approval of remuneration payable to Mr. Sathishkumar T, Chairman and Managing Director, pursuant to Regulation 17(6)(e)(i) of the SEBI Listing Regulations

  • Result: Passed as Special Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 657,048,087 shares (85.35% of outstanding shares)
  • In Favor: 653,467,953 shares (99.46% of votes polled)
  • Against: 3,580,134 shares (0.54% of votes polled)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 92.26% in favor, 7.74% against
  • Public Non-Institutions: 994,333 shares voted (1.11% of non-institutional holding), 99.20% in favor, 0.79% against

Resolution 5: Approval of remuneration payable to Dr. K Rathnam, Whole-time Director and Chief Executive Officer of the Company

  • Result: Passed as Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 657,047,924 shares (85.35% of outstanding shares)
  • In Favor: 640,684,942 shares (97.51% of votes polled)
  • Against: 16,362,982 shares (2.49% of votes polled)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 64.58% in favor, 35.42% against
  • Public Non-Institutions: 994,170 shares voted (1.11% of non-institutional holding), 99.20% in favor, 0.79% against

Resolution 6: Approval for payment of aggregate managerial remuneration to all Executive Directors in excess of the limits prescribed under Section 197 of the Companies Act, 2013

  • Result: Passed as Special Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 657,048,146 shares (85.35% of outstanding shares)
  • In Favor: 640,684,776 shares (97.51% of votes polled)
  • Against: 16,363,370 shares (2.49% of votes polled)
  • Promoter Voting: 609,877,167 shares voted (99.63% of promoter holding), 100% in favor
  • Public Institutions: 46,176,587 shares voted (67.90% of institutional holding), 64.58% in favor, 35.42% against
  • Public Non-Institutions: 994,392 shares voted (1.11% of non-institutional holding), 99.16% in favor, 0.83% against

Scrutinizer's Report Details

The scrutinizer's report confirmed the following process details:

  • The notice of postal ballot dated August 31, 2026 was sent by email to members on October 6, 2026
  • Public advertisement was published on October 7, 2026 in Financial Express (English) and Dina Malar (Tamil) newspapers
  • E-voting was conducted through Kfin Technologies Limited platform
  • Votes were matched with the Register of Members/list of beneficiaries
  • No emails bounced as confirmed by RTA
  • Corporate members who voted without board resolutions were invalidated
  • Total invalid votes across all resolutions: 1,139,699 shares

Additional Information

The disclosure is available on the company's website at https://www.milkymist.com

The e-voting data and all connected records are under the scrutinizer's safe custody and will be handed over to the company after the Chairman signs the Minutes.