Palash Securities Limited has disclosed the results of a postal ballot process conducted among its shareholders. The company sought approval for two ordinary resolutions through a Postal Ballot Notice dated March 30, 2026.

Key Dates

  • Cut-off date for shareholder eligibility: April 17, 2026
  • Remote e-voting period: April 25, 2026 (9:00 AM IST) to May 24, 2026 (5:00 PM IST)
  • Scrutinizer's report submission date: May 26, 2026
  • Resolutions deemed passed: May 24, 2026

Voting Process Details

The postal ballot process was scrutinized by Mr. Mohan Ram Goenka (FCS: 4515, C.P. No. 2551), Practicing Company Secretary. Remote e-voting was facilitated through National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. The total number of shareholders as of the cut-off date was 8,306.

Resolution 1: Appointment as Director

  • Description: Appointment of Mr. Suraj Kumar Agrawal (DIN: 03260442) as Director of the Company
  • Resolution Type: Ordinary Resolution
  • Total votes polled: 7,351,098 shares (73.4882% of outstanding shares)
  • Votes in favor: 7,349,974 shares (99.98% of votes polled)
  • Votes against: 1,124 shares (0.02% of votes polled)
  • Invalid/abstain votes: 0

Resolution 2: Appointment as Managing Director

  • Description: Appointment of Mr. Suraj Kumar Agrawal (DIN: 03260442) as Managing Director for 3 years
  • Resolution Type: Ordinary Resolution
  • Total votes polled: 7,351,098 shares (73.4882% of outstanding shares)
  • Votes in favor: 7,338,974 shares (99.84% of votes polled)
  • Votes against: 12,124 shares (0.16% of votes polled)
  • Invalid/abstain votes: 0

Voting Breakdown by Category

Promoter and Promoter Group (7,220,287 shares):

  • Voted 100% in favor of both resolutions (7,220,287 shares)
  • No votes against or invalid votes

Public Institutions (70,768 shares):

  • Did not participate in the voting (0 votes cast)

Public Non-Institutions (2,720,047 shares):

  • Votes cast: 130,811 shares (4.8233% of holdings)
  • Resolution 1: 129,687 in favor (99.14%), 1,124 against (0.86%)
  • Resolution 2: 118,687 in favor (90.73%), 12,124 against (9.27%)

Scrutinizer's Certification

Mr. Mohan Ram Goenka certified that both resolutions were passed with requisite majority. The scrutinizer's report was prepared pursuant to Sections 108 & 110 of the Companies Act, 2013 and relevant rules, considering MCA Circulars and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024.

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.birla-sugar.com) and NSDL's website (www.evoting.nsdl.com). The disclosure was signed by Vikram Kumar Mishra, Company Secretary (FCS: 11269).