Meeting Details
The approval was obtained through a Postal Ballot process rather than a physical meeting. The deemed approval date was Friday, May 29, 2026. The remote e-voting period commenced on Thursday, April 30, 2026, at 09:00 a.m. IST and ended on Friday, May 29, 2026, at 05:00 p.m. IST. The cut-off date for determining shareholder eligibility was Friday, April 24, 2026, with 67,258 members registered as of that date.
Proposed Resolutions and Implications
The Postal Ballot Notice dated April 28, 2026, contained three special business items:
1. Re-appointment of Mr. Rajesh N. Doshi (DIN: 00026140) as Chairman & Executive Director for 5 years effective June 1, 2026
2. Re-appointment of Ms. Khushboo C. Doshi (DIN: 00025581) as Managing Director for 5 years effective June 1, 2026
3. Re-appointment of Mr. Utsav K. Doshi (DIN: 00174486) as Joint Managing Director for 5 years effective June 1, 2026
All three directors belong to the Promoter Category and are liable to retire by rotation. The resolutions also approved remuneration arrangements that may exceed statutory limits in case of loss or inadequacy of profits, subject to the aggregate remuneration for all directors and managerial personnel remaining within 21% of net profits as approved at the Thirty-Eighth Annual General Meeting held on September 27, 2025.
Voting Process and Methods
The voting was conducted exclusively through remote e-voting via National Securities Depository Limited (NSDL) at https://eservices.nsdl.com. Physical copies of Postal Ballot Notice and forms were not sent to any members in accordance with MCA General Circular No. 03/2025 dated September 22, 2025. The company published advertisements in The Financial Express (Gujarati & English) and The Indian Express (English) on April 30, 2026, informing members about the electronic transmission of notices.
Key Voting Outcomes
Resolution 1: Re-appointment of Mr. Rajesh N. Doshi
- Total valid votes cast: 109,350,588
- Votes in favor: 109,338,285 (99.99%)
- Votes against: 12,303 (0.01%)
- Number of members voted: 143 in favor, 14 against
- Invalid votes: NIL
Resolution 2: Re-appointment of Ms. Khushboo C. Doshi
- Total valid votes cast: 109,350,588
- Votes in favor: 109,334,979 (99.99%)
- Votes against: 15,609 (0.01%)
- Number of members voted: 140 in favor, 17 against
- Invalid votes: NIL
Resolution 3: Re-appointment of Mr. Utsav K. Doshi
- Total valid votes cast: 109,350,588
- Votes in favor: 109,338,779 (99.99%)
- Votes against: 11,809 (0.01%)
- Number of members voted: 142 in favor, 15 against
- Invalid votes: NIL
Category-wise Voting Breakdown (All Resolutions):
- Promoter and Promoter Group: 108,448,831 shares voted (100% of their holding), all in favor
- Public Institutions: 722,751 shares voted (16.91% of their holding), all in favor
- Public Non-Institutions: 179,006 shares voted (0.27% of their holding), predominantly in favor
Scrutinizer's Role and Findings
CS Janvi N. Davda, Practicing Company Secretary (FCS No. 13895), was appointed as Scrutinizer by the Board of Directors in their meeting held on April 28, 2026. The scrutinizer monitored the e-voting process through NSDL's secured link and downloaded the voting data. The e-voting results were unblocked on May 29, 2026, at 05:45 p.m. in the presence of two independent witnesses: Mr. Sunny Mamtora and Mr. Nirav Vekariya, both residing in Rajkot, Gujarat. The scrutinizer confirmed that all three resolutions were passed as special resolutions with the requisite majority.
Compliance Confirmation
The document confirms compliance with:
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 110 of the Companies Act, 2013
- Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
- Secretarial Standard-2 (SS-2) on General Meetings
- MCA General Circular No. 03/2025 dated September 22, 2025
The voting results and scrutinizer's report are available on the company's website (www.rajoo.com) and NSDL's website (https://www.evoting.nsdl.com/).