Voting Process Details

  • Cut-off date for determining shareholder eligibility: 26 June 2026
  • Total number of shareholders on cut-off date: 84,981
  • E-voting period: Commenced on Tuesday, 07 July 2026 at 09:00 a.m. and ended on Wednesday, 05 August 2026 at 5:00 p.m.
  • Results declaration date: 07 August 2026
  • Scrutinizer: Umesh Ved of Umesh Ved & Associates, Practicing Company Secretaries, Ahmedabad
  • Scrutinizer report date: 06 August 2026

Resolution Results

All eight resolutions were passed with requisite majority:

1. Special Resolution: Appointment of Mr. Deep S. Vadodaria as Chairman & Managing Director

  • Total votes polled: 87,408,193 (22.19% of outstanding shares)
  • Votes in favor: 76,660,136 (87.70% of votes polled)
  • Votes against: 10,748,057 (12.30% of votes polled)
  • Promoter interest: No

2. Special Resolution: Re-appointment of Mr. Prashant H. Sarkhedi as Whole Time Director (Director Finance)

  • Total votes polled: 173,937,416 (44.16% of outstanding shares)
  • Votes in favor: 173,903,049 (99.98% of votes polled)
  • Votes against: 34,367 (0.02% of votes polled)
  • Promoter interest: No
  • Director DIN: 00417386

3. Special Resolution: Borrowing Powers under Section 180(1)(c) of Companies Act, 2013

  • Total votes polled: 174,059,334 (44.19% of outstanding shares)
  • Votes in favor: 174,024,056 (99.98% of votes polled)
  • Votes against: 35,278 (0.02% of votes polled)
  • Promoter interest: No

4. Special Resolution: Authority under Section 180(1)(a) of Companies Act, 2013

  • Total votes polled: 174,059,334 (44.19% of outstanding shares)
  • Votes in favor: 174,035,057 (99.99% of votes polled)
  • Votes against: 24,277 (0.01% of votes polled)
  • Promoter interest: No

5. Special Resolution: Loan and Investment under Section 186 of Companies Act, 2013

  • Total votes polled: 174,059,334 (44.19% of outstanding shares)
  • Votes in favor: 174,024,683 (99.98% of votes polled)
  • Votes against: 34,651 (0.02% of votes polled)
  • Promoter interest: No

6. Special Resolution: Approval for Loan under Section 185 of Companies Act, 2013

  • Total votes polled: 174,059,334 (44.19% of outstanding shares)
  • Votes in favor: 174,024,757 (99.98% of votes polled)
  • Votes against: 34,577 (0.02% of votes polled)
  • Promoter interest: No

7. Ordinary Resolution: Material Related Party Transactions with Nila Urban Living Private Limited for FY 2026-27

  • Total votes polled: 23,203,222 (5.89% of outstanding shares)
  • Votes in favor: 12,455,377 (53.68% of votes polled)
  • Votes against: 10,747,845 (46.32% of votes polled)
  • Promoter interest: Yes
  • Note: Votes cast by related parties were considered invalid for this resolution

8. Ordinary Resolution: Material Related Party Transactions with Mr. Deep S. Vadodaria for FY 2026-27

  • Total votes polled: 23,203,223 (5.89% of outstanding shares)
  • Votes in favor: 12,455,048 (53.68% of votes polled)
  • Votes against: 10,748,175 (46.32% of votes polled)
  • Promoter interest: Yes
  • Note: Votes cast by related parties were considered invalid for this resolution

Shareholding Structure

  • Total outstanding shares: 393,889,200
  • Promoter and Promoter Group holding: 243,825,187 shares (61.90%)
  • Public Institutions holding: 14,672 shares (0.004%)
  • Public Non-Institutions holding: 150,049,341 shares (38.10%)

Scrutinizer Report Details

The scrutinizer report confirmed:

  • Newspaper advertisements were published in Business Standard (English) and Loksatta Jansatta (Gujarati) on Wednesday, 08 July 2026
  • E-voting data was downloaded from NSDL's platform (https://www.evoting.nsdl.com) on 05 August 2026 at 5:08 p.m.
  • The unblocking of e-votes was witnessed by Ms. Kanishka Chopra and Mr. Shubham Patidar
  • Physical ballots were scrutinized against records maintained by the RTA, MCS Share Transfer Agent Limited
  • All electronic and physical voting records are in the scrutinizer's safe custody

Additional Information

The complete voting results and scrutinizer's report have been made available on the company's website at www.nilaspaces.com.