Meeting Details

The postal ballot was conducted via remote e-voting without a physical meeting. The cut-off date for determining shareholder eligibility was October 09, 2026. The remote e-voting period commenced on Tuesday, October 13, 2026 (09:00 AM IST) and concluded on Wednesday, November 11, 2026 (05:00 PM IST).

Proposed Resolution and Implications

The single special resolution sought approval for "Variation of the objects/terms of utilization of the Initial Public Offering (IPO) proceeds and modification of the time limit for the utilization of the IPO proceeds." The promoters/promoter group were not interested in this resolution.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. No physical polling or postal ballot forms were used. The process was scrutinized by Mr. Amit Kumar Shukla, Proprietor of Amit Shukla & Associates, Practicing Company Secretaries.

Key Voting Outcomes

Overall Results:

  • Total number of shareholders on cut-off date: 123,833
  • Total paid-up equity share capital: ₹11,40,04,897 divided into 11,40,04,897 equity shares of Re. 1 each
  • Total votes cast: 8,66,43,406 shares (76.000% of outstanding shares)
  • Votes in favor: 8,66,39,508 shares (99.996% of votes cast)
  • Votes against: 3,898 shares (0.004% of votes cast)

Category-wise Breakdown:

Promoters and Promoter Group:

  • Shares held: 8,62,50,078
  • Votes polled: 8,62,50,078 (100.000% of shares held)
  • 100.000% votes in favor, 0% against

Public Institutions:

  • Shares held: 51,33,499
  • Votes polled: 2,24,167 (4.367% of shares held)
  • 100.000% votes in favor, 0% against

Public Non-Institutions:

  • Shares held: 2,26,21,320
  • Votes polled: 1,69,161 (0.748% of shares held)
  • 97.696% votes in favor (1,65,263 shares), 2.304% against (3,898 shares)

Voter Participation:

  • Total voters: 330
  • Voters with assent: 286
  • Voters with dissent: 44
  • No invalid votes were recorded

Scrutinizer's Role and Findings

Mr. Amit Kumar Shukla was appointed as Scrutinizer by the Board of Directors in their meeting held on October 10, 2026. His responsibilities included scrutinizing the postal ballot process in a fair and transparent manner. The e-voting was unblocked on November 11, 2026 after 05:00 PM IST in the presence of two witnesses (Ms. Nandani and Mr. Naveen, who are not company employees). The scrutinizer reconciled the e-voting report with the register of members and confirmed the validity of the process.

Compliance with Laws and Regulations

The company complied with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circular No. 09/2024 dated September 19, 2024
  • Secretarial Standard — 2 on General Meetings

Additional Information

The documents have been uploaded on the company's website (https://oswalpumps.com/) and NSDL. The company's registered office is at Oswal Estate, NH 1, Kutail Road, P O Kutail, Distt Karnal, Karnal, Haryana - 132037. The CIN is L74999HR2003PLC124254.