Meeting Details

  • Type of Meeting: Postal Ballot
  • Last Date for Receipt of Postal Ballot Forms: June 18, 2026
  • Record Date: May 15, 2026
  • Total Number of Shareholders on Record Date: 43,182

Proposed Resolution and Implications

The single resolution proposed was the appointment of Mr. Rajagopalan Madhavan (DIN: 08209860) as an Independent Director of the Company. This was a Special Resolution requiring shareholder approval for board composition and corporate governance.

Voting Process

  • Voting Method: Remote e-voting conducted through NSDL's platform
  • Scrutinizer: Mr. Gaurav Thakur (Membership No.: 25622, FRN: 007437), Proprietor of M/s. Gaurav Thakur & Co., Practicing Cost Accountant
  • Voting Period: May 20, 2026 (9:00 AM IST) to June 18, 2026 (5:00 PM IST)
  • Scrutinizer Appointment Date: May 18, 2026
  • Report Issuance Date: June 18, 2026

Key Voting Outcomes

Overall Results

  • Total Votes Cast: 8,159,714 shares
  • Percentage of Votes Polled: 54.61% of total outstanding shares (14,941,273 shares)
  • Votes in Favor: 8,159,518 shares (99.99% of votes polled)
  • Votes Against: 196 shares (0.01% of votes polled)
  • Number of Shareholders Voted: 90 in favor, 7 against

Category-wise Breakdown

Promoter and Promoter Group

  • Shares Held: 7,976,620
  • Votes Polled: 7,969,771 shares (99.91% turnout)
  • Votes in Favor: 100% (7,969,771 shares)
  • Votes Against: 0%

Public Institutions

  • Shares Held: 0
  • Votes Polled: 0

Public Non-Institutions

  • Shares Held: 6,964,653
  • Votes Polled: 189,943 shares (2.72% turnout)
  • Votes in Favor: 189,747 shares (99.89% of votes polled)
  • Votes Against: 196 shares (0.11% of votes polled)

Scrutinizer's Role and Findings

Mr. Gaurav Thakur was appointed to scrutinize the postal ballot process conducted through remote e-voting. His responsibilities included ensuring a fair and transparent process and reporting on votes cast for or against the resolution based on reports generated from NSDL's e-voting portal.

Key findings from the scrutinizer's report:

  • The postal ballot notice was sent to all shareholders as of the cut-off date (May 15, 2026)
  • Voting rights were proportional to shareholding as of the record date
  • All votes cast through e-voting up to the closing time (5:00 PM on June 18, 2026) were considered
  • The e-voting was unblocked after 5:00 PM on June 18, 2026
  • The scrutinizer confirmed the resolution passed with requisite majority

Compliance Confirmation

The document confirms compliance with:

  • Sections 108 & 110 of the Companies Act, 2013
  • Rules 20 & 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Signatories and Additional Information

  • Company Secretary: Komal Bhagat (Membership No.: A49751)
  • Scrutinizer: Gaurav Thakur (Membership No.: 25622)
  • The results were uploaded on the company website (www.nibelimited.com) and NSDL's website (https://www.evoting.nsdl.com)
  • Company ISIN: INE149O01018
  • Company Registration: L34100PN2005PLC205813
  • Company Address: Plot No. E-2/2, Chakan Industrial Area, Phase-III, Near Sara City, Kharabwadi, Taluka-Khed, Pune - 410501