Subject Matter

The disclosure pertains to the results of a postal ballot seeking shareholder approval through special resolution for "reduction/dilution of stake in Iserveu Technology Private Limited (Iserveu), a Material Subsidiary and/or cessation of major shareholding in Iserveu."

Voting Process Details

  • Remote e-voting period: Commenced on Tuesday, April 28, 2026 at 09:00 a.m. IST and ended on Wednesday, May 27, 2026 at 5:00 p.m. IST
  • Cut-off date for determining shareholders eligible to vote: Friday, April 17, 2026
  • Total number of shareholders on record date: 10,499
  • Scrutinizer: Mr. Sitansh Magia (ACS 15169 & CP No: 18972) of M/s. Magia Halwai & Associates, Practicing Company Secretary
  • Scrutinizer submitted report on: Thursday, May 28, 2026
  • Voting platform: National Securities Depository Limited (NSDL) e-voting system (https://www.evoting.nsdl.com/)

Voting Results

Overall Results

  • Total shareholders who voted: 49
  • Total votes cast: 35,594,692
  • Votes in favor: 35,594,192 (99.999% of votes cast)
  • Votes against: 500 (0.001% of votes cast)
  • Abstained votes: 0
  • Invalid votes: 0

Category-wise Breakdown

Promoter & Promoter Group
  • Total shares held: 181,314,790
  • Shares voted: 181,314,750 (41.2757% of shares held)
  • Votes in favor: 181,314,750 (100% of votes cast)
  • Votes against: 0
Public Institutions
  • Total shares held: 239,855,150
  • Shares voted: 110,367,570 (46.0177% of shares held)
  • Votes in favor: 110,367,570 (100% of votes cast)
  • Votes against: 0
Public Non-Institutions
  • Total shares held: 433,204,210
  • Shares voted: 64,199,170 (14.8197% of shares held)
  • Votes in favor: 64,194,170 (99.9992% of votes cast)
  • Votes against: 500 (0.0008% of votes cast)
Total Voting Summary
  • Total shares outstanding: 1,112,442,670
  • Total shares voted: 394,692,550 (31.9960% of total shares)
  • Total votes in favor: 394,692,050 (99.9998% of votes cast)
  • Total votes against: 500 (0.0001% of votes cast)

Resolution Outcome

The special resolution has been passed by the members with requisite majority and is deemed to have been passed on Wednesday, May 27, 2026, being the last date of the remote e-voting process.

Financial Impact

Financial impact of the stake reduction/dilution in Iserveu Technology Private Limited has not been quantified in this disclosure.