Meeting Details

  • Type of Meeting: Postal Ballot through Remote E-Voting
  • Conclusion Date: Saturday, May 16, 2026 at 1700 hours (IST)
  • Cut-off/Record Date: Friday, April 10, 2026 for determining eligibility of members
  • Voting Period: Commenced Friday, April 17, 2026 at 09:00 AM and concluded Saturday, May 16, 2026 at 05:00 PM

Proposed Resolutions and Implications

Item No. 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Increase Authorised Share Capital from ₹100,00,00,000 (10 crore shares of ₹10 each) to ₹110,00,00,000 (11 crore shares of ₹10 each)
  • Consequent alteration to Clause V of Memorandum of Association

Item No. 2: Alteration of Objects Clause of MOA (Special Resolution)

  • Alteration in Clause III (A)(2) to expand transportation business activities
  • Addition of new Clause III (A)(5) for warehousing, cold storage, and distribution services

Item No. 3: Raising Funds Through Convertible Loans (Special Resolution)

  • Approval to raise funds up to ₹50,00,00,000 through secured/unsecured loans with option for lenders to convert into equity shares
  • Conversion terms to be specified in loan agreements

Item No. 4: Loans/Guarantees to Subsidiaries (Special Resolution)

  • Approval to advance loans, give guarantees, or provide security up to ₹100 crore to subsidiary companies/body corporates where directors are interested

Item No. 5: Investments/Loans Beyond Section 186 Limits (Special Resolution)

  • Approval to make investments, give loans, guarantees, and security up to ₹100,00,00,000 exceeding limits specified under Section 186 of Companies Act, 2013

Item No. 6: Conversion of Unsecured Loans into Equity (Special Resolution)

  • Approval to issue up to 45,00,000 equity shares of ₹10 each to promoter/promoter group towards conversion of outstanding unsecured loans up to ₹6,83,10,000
  • Relevant date for price determination: April 16, 2026
  • Lock-in period as per SEBI ICDR Regulations

Item No. 7: Material Related Party Transaction (Ordinary Resolution)

  • Approval for transactions with Shreyans Logistics Private Limited up to ₹50,00,00,000 for FY 2026-27

Voting Process and Methods

  • Voting Method: Remote e-voting through NSDL
  • Scrutinizer: Mr. Ashish Kumar Friends, Practicing Company Secretary
  • Notice Dates: Postal Ballot Notice dated April 16, 2026 with Corrigendum dated April 30, 2026
  • Distribution: Notices sent electronically to all members as on cut-off date

Key Voting Outcomes

Overall Participation

  • Total votes cast across all resolutions: Approximately 5.68 crore shares (varies by resolution)

Resolution-wise Results:

Item 1 (Ordinary Resolution)

  • Votes in favor: 5,68,71,636 shares (89.99%)
  • Votes against: 10,870 shares (0.01%)
  • Invalid votes: Not specified
  • Result: Approved

Item 2 (Special Resolution)

  • Votes in favor: 5,68,71,637 shares (99.99%)
  • Votes against: Not specified (0.01%)
  • Invalid votes: Not specified
  • Result: Approved

Item 3 (Special Resolution)

  • Votes in favor: 5,68,71,637 shares (99.99%)
  • Votes against: 10,869 shares (0.01%)
  • Invalid votes: Not specified
  • Result: Approved

Item 4 (Special Resolution)

  • Votes in favor: 3,61,62,886 shares (89.97%)
  • Votes against: 10,969 shares (0.03%)
  • Invalid votes: 2,07,08,651 shares
  • Result: Approved

Item 5 (Special Resolution)

  • Votes in favor: 5,68,71,564 shares (99.99%)
  • Votes against: 10,942 shares (0.01%)
  • Invalid votes: Not specified
  • Result: Approved

Item 6 (Special Resolution)

  • Votes in favor: 3,61,62,533 shares (99.97%)
  • Votes against: 11,322 shares (0.03%)
  • Invalid votes: 2,07,08,651 shares
  • Result: Approved

Item 7 (Ordinary Resolution)

  • Votes in favor: 3,61,61,156 shares (99.96%)
  • Votes against: 12,699 shares (0.04%)
  • Invalid votes: 2,07,08,651 shares
  • Result: Approved

Scrutinizer's Role and Findings

  • Mr. Ashish Kumar Friends was appointed to scrutinize the postal ballot process
  • Scrutiny commenced upon conclusion of voting on May 16, 2026
  • Scrutinizer's Report dated May 18, 2026 confirmed all resolutions passed with requisite majority
  • Results declared on May 19, 2026

Compliance with Laws and Regulations

  • Process conducted in compliance with Sections 108 and 110 of Companies Act, 2013
  • Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
  • Secretarial Standard SS-2
  • MCA Circulars: No. 14/2020, No. 17/2020, and No. 3/2025
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Company CIN: L51909DL1984PLC019485