Postal Ballot Details

The company sought shareholder approval through postal ballot via electronic voting for two resolutions:

1. Appointment of Mr. Chirag Ashwinkumar Shah (DIN: 01480310) as Non-Executive, Non-Independent Director

2. Approval for payment of remuneration to Mr. Chirag Ashwinkumar Shah for financial year 2026-27

Voting Process Details

  • E-voting period: Wednesday, 13th May, 2026 at 09:00 A.M. (IST) to Thursday, 11th June, 2026 at 05:00 P.M. (IST)
  • Cut-off date for eligibility: Friday, 8th May, 2026
  • Total shareholders on cut-off date: 32,408
  • Paid-up capital as on cut-off date: ₹20,70,33,400 divided into 4,14,06,680 equity shares of ₹5 each
  • Voting facility provided by National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Premnarayan Ramanand Tripathi of M/s. PRT & Associates

Voting Results

Resolution 1: Appointment of Mr. Chirag Ashwinkumar Shah as Director (Ordinary Resolution)

  • Total votes cast: 35,887,927 shares (86.605% of outstanding shares)
  • Votes in favor: 35,587,927 shares (99.24% of valid votes cast)
  • Votes against: 272,339 shares (0.76% of valid votes cast)
  • Invalid votes: Nil
  • Result: PASSED

Resolution 2: Approval of Remuneration for Mr. Chirag Ashwinkumar Shah (Special Resolution)

  • Total votes cast: 35,860,073 shares (86.6046% of outstanding shares)
  • Votes in favor: 33,772,022 shares (94.18% of valid votes cast)
  • Votes against: 2,088,051 shares (5.82% of valid votes cast)
  • Invalid votes: Nil
  • Result: PASSED

Category-wise Voting Breakdown

Resolution 1:

  • Promoter & Promoter Group: 22,896,644 votes cast (99.98% of shares held), 100% in favor
  • Public Institutions: 12,022,694 votes cast (75.23% of shares held), 97.73% in favor, 2.27% against
  • Public Non-Institutions: 940,928 votes cast (37.29% of shares held), 99.999% in favor, 0.001% against

Resolution 2:

  • Promoter & Promoter Group: 22,896,644 votes cast (99.98% of shares held), 100% in favor
  • Public Institutions: 12,022,694 votes cast (75.23% of shares held), 82.63% in favor, 17.37% against
  • Public Non-Institutions: 940,735 votes cast (37.28% of shares held), 99.996% in favor, 0.004% against

Scrutinizer Certification

CS Premnarayan Ramanand Tripathi certified that:

  • The e-voting process was conducted fairly and transparently
  • Votes were unblocked on June 11, 2026 after 5:00 PM in presence of two witnesses
  • All resolutions were passed with requisite majority
  • Electronic voting records will be handed over to the company for safekeeping

Effective Date

The resolutions are deemed to have been passed on the last date of remote e-voting: Thursday, 11th June, 2026.