Meeting Details
The Extra-Ordinary General Meeting was held on Wednesday, October 28, 2026 through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 12:11 PM (IST) and concluded at 12:30 PM (IST). All resolutions from the Notice dated September 28, 2026 with Corrigendum dated October 06, 2026 were approved by members with requisite majority.
Record date for voting eligibility was Wednesday, October 21, 2026. Total number of shareholders on record date: 27,014.
Voting Process Details
Remote e-voting was conducted through CDSL from October 24, 2026 (09:00 AM IST) to October 27, 2026 (05:00 PM IST). E-voting facility was also provided during the EOGM. Mitesh J. Shah of Mitesh Shah & Co. was appointed as Scrutinizer at the Board Meeting held on September 28, 2026.
Resolution-wise Voting Results
Resolution 1: Special Resolution
Description: Adoption of new set of Memorandum of Association of the Company as per the Companies Act, 2013
Voting Results:
- Votes in favour: 6,55,90,849 (100%)
- Votes against: 5 (0.00%)
- Total votes cast: 6,55,90,854 by 52 shareholders
Result: Passed with requisite majority
Resolution 2: Ordinary Resolution
Description: Increase in the authorized share capital of the company and consequent alteration in the Memorandum of Association
Voting Results:
- Votes in favour: 6,55,90,844 (100%)
- Votes against: 10 (0.00%)
- Total votes cast: 6,55,90,854 by 52 shareholders
Result: Passed with requisite majority
Resolution 3: Special Resolution
Description: Enhancement of the existing investment limits under section 186 of the Companies Act, 2013
Voting Results:
- Votes in favour: 6,55,90,844 (100%)
- Votes against: 10 (0.00%)
- Total votes cast: 6,55,90,854 by 52 shareholders
Result: Passed with requisite majority
Resolution 4: Ordinary Resolution
Description: Approval for material related party transaction involving acquisition of Bell Granito Ceramica Limited through swap of shares
Voting Results:
- Votes in favour: 43,108 (99.98%)
- Votes against: 11 (0.02%)
- Invalid votes: 2
- Total votes cast: 48,119 by 45 shareholders
Special Note: Voting of Related Parties was excluded for this resolution
Result: Passed with requisite majority
Resolution 5: Special Resolution
Description: Issuance of equity shares on a preferential basis for consideration other than cash and other matters incidental thereto
Voting Results:
- Votes in favour: 6,55,90,843 (100%)
- Votes against: 11 (0.00%)
- Total votes cast: 6,55,90,854 by 52 shareholders
Result: Passed with requisite majority
Shareholder Participation Analysis
Total outstanding shares: 9,82,79,239
Total votes polled across all resolutions: 6,55,90,854 (66.7393% of outstanding shares)
Promoter & Promoter Group:
- Shares held: 7,07,23,215
- Votes polled: 6,55,42,705 (92.675% of promoter holding)
- Voted 100% in favor on all resolutions where eligible
Public Institutions:
- Shares held: 19,340
- Votes polled: 0 (0% of institutional holding)
Public Non-Institutions:
- Shares held: 2,75,36,684
- Votes polled: 48,149 (0.1749% of non-institutional holding)
- Majority voted in favor across all resolutions (99.97-100%)
Additional Information
The voting results and Scrutinizer's Report are available on the company website at https://restile.com/investor-relation/. The relevant records relating to remote e-voting and e-voting were handed over to the Company Secretary for safe keeping.