Meeting Details

  • Date of Meeting: Not applicable (Resolutions passed through Postal Ballot on June 15, 2026)
  • Type of Meeting: Postal Ballot with remote e-voting
  • Cut-off Date: May 14, 2026
  • Total shareholders on record date: 334,729

Proposed Resolutions and Implications

Seven resolutions were proposed for shareholder approval:

1. Special Resolution: To approve raising funds and issuance of securities through QIP and/or FCCB and/or any other permissible modes

2. Ordinary Resolution: Increase in the authorized share capital and consequent alteration of the capital clause in the Memorandum of Association

3. Special Resolution: Increase in investment limits for foreign portfolio investors and non-resident Indians/overseas citizens of India

4. Special Resolution: Enhancement of borrowing limits under Section 180(1)(c) of Companies Act, 2013 and creation of charge/providing of security

5. Special Resolution: Approval of loans, investments, guarantee or security under Section 185 of Companies Act, 2013

6. Special Resolution: To give loans, guarantee or provide security under Section 186 of Companies Act, 2013

7. Special Resolution: Re-appointment of Mr. Mubarak Singh (DIN: 10212076) as an independent director

Voting Process and Methods

The company provided e-voting facility through Bigshare Services Private Limited, the Registrar and Share Transfer Agent.

  • E-voting period: May 16, 2026 (9:00 AM IST) to June 15, 2026 (5:00 PM IST)
  • Notice published in Financial Express (English) and The Daily Taskeen, Jammu (vernacular) on May 16, 2026
  • Notice also placed on company website: www.sarveshwarfoods.com

Key Voting Outcomes

All resolutions were passed with overwhelming majority support:

Resolution 1 (Special - Fundraising)

  • Votes in favor: 504,194,782 (99.90%)
  • Votes against: 486,250 (0.10%)
  • 207 members voted in favor, 13 against

Resolution 2 (Ordinary - Capital Increase)

  • Votes in favor: 504,462,553 (99.96%)
  • Votes against: 218,530 (0.04%)
  • 212 members voted in favor

Resolution 3 (Special - FPI Limits)

  • Votes in favor: 504,562,529 (99.98%)
  • Votes against: 118,554 (0.02%)
  • 211 members voted in favor, 10 against

Resolution 4 (Special - Borrowing Limits)

  • Votes in favor: 504,440,276 (99.95%)
  • Votes against: 240,296 (0.05%)
  • 205 members voted in favor, 14 against

Resolution 5 (Special - Section 185)

  • Votes in favor: 504,167,907 (99.90%)
  • Votes against: 512,676 (0.10%)
  • 201 members voted in favor, 19 against

Resolution 6 (Special - Section 186)

  • Votes in favor: 504,112,098 (99.89%)
  • Votes against: 568,185 (0.11%)
  • 201 members voted in favor, 18 against

Resolution 7 (Special - Director Re-appointment)

  • Votes in favor: 504,065,781 (99.89%)
  • Votes against: 548,647 (0.11%)
  • 193 members voted in favor, 25 against

Shareholder Participation Breakdown

Category-wise voting details show promoter group voted 100% in favor across all resolutions with 99.94% participation rate.

Scrutinizer's Role and Findings

Suresh Kumar Pillay, Company Secretary in Whole-Time Practice (FCS No.: 11552), was appointed as scrutinizer. He verified that:

  • Voting rights were proportional to shareholding as of cut-off date
  • The e-voting process was fair and transparent
  • All electronic data and records were properly maintained
  • No invalid votes were recorded in any resolution

Compliance Confirmation

The process complied with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard - 2 (SS-2)
  • MCA Circulars No. 17/2020, 19/2021, and 20/2021

Additional Information

  • Total outstanding shares: 1,231,626,469
  • Total votes polled: Approximately 504 million across resolutions
  • Results deemed passed on June 15, 2026 (last date of e-voting)
  • All electronic records handed over to Company Secretary for safe custody