This is a regulatory disclosure filed with the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. It pertains to the proceedings of a postal ballot conducted through a remote e-voting process.
The Board of Directors of Satin Creditcare Network Limited had approved the proposal to conduct this postal ballot at its meeting held on June 04, 2026. The purpose was to seek member approval for a special resolution.
Resolution Details
A single special resolution was put to vote:
- Description: Approval for the issuance of up to 38,50,000 (38.5 lakh) fully convertible warrants to an entity belonging to the 'Promoter & Promoter Group' on a preferential basis.
Process and Timeline
- The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013 and relevant rules, SEBI LODR Regulation 44, and multiple MCA circulars.
- The company appointed DPV & Associates LLP, a firm of practicing company secretaries, with Mr. Devesh Kumar Vasisht (or failing him, Mr. Praveen Kumar) as the Scrutinizer to oversee the process.
- Central Depository Services (India) Limited (CDSL) was engaged to provide the e-voting facility.
- The notice for the postal ballot was sent electronically to members as of the cut-off date, Friday, May 29, 2026.
- A newspaper advertisement was published in Business Standard (English and Hindi editions) on June 05, 2026.
- The notice was also made available on the company's website (www.satincreditcare.com) and the websites of BSE and NSE.
- The remote e-voting period commenced on Friday, June 05, 2026, at 09:00 AM IST and ended on Saturday, July 04, 2026, at 05:00 PM IST.
Outcome and Next Steps
- The disclosure confirms the voting process was completed on July 04, 2026.
- The remote e-voting results along with the Scrutinizer's report are to be submitted to the stock exchanges within the prescribed timeline.
- A copy of the results and the Scrutinizer's report will also be made available on the company's website and the website of CDSL (www.evotingindia.com).
The document is signed by Vikas Gupta, Company Secretary & Chief Compliance Officer.