Voting Process Details

The remote e-voting process commenced at 9:00 a.m. (IST) on Sunday, July 05, 2026 and concluded at 05:00 p.m. (IST) on Monday, August 03, 2026. The notice was dispatched electronically on July 02, 2026 to members whose email addresses were registered as of the cut-off date of June 30, 2026. An advertisement was published in Financial Express (English) and Financial Express (Gujarati) on July 03, 2026.

Resolution Results

All 8 resolutions were passed with requisite majority:

Resolution 1: Material Related Party Transaction with Havix Group INC. d/b/a Aavis Pharmaceuticals

  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Votes in Favor: 142 voters (8,623,336 shares, 99.48%)
  • Votes Against: 13 voters (44,812 shares, 0.52%)

Resolution 2: Material Related Party Transaction with Ratnatris Pharmaceuticals Private Limited

  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Votes in Favor: 130 voters (6,844,111 shares, 78.96%)
  • Votes Against: 25 voters (1,824,037 shares, 21.04%)

Resolution 3: Material Related Party Transaction with Apnar Pharma Private Limited

  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Votes in Favor: 144 voters (8,624,357 shares, 99.49%)
  • Votes Against: 11 voters (43,791 shares, 0.51%)

Resolution 4: Material Related Party Transaction between Havix Group and Senores Pharmaceuticals INC.

  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Votes in Favor: 146 voters (8,667,217 shares, 99.99%)
  • Votes Against: 9 voters (931 shares, 0.01%)

Resolution 5: Material Related Party Transaction between Havix Group and Apnar Pharma Private Limited

  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Total Valid Votes: 155 voters representing 8,668,148 shares
  • Votes in Favor: 145 voters (8,667,215 shares, 99.99%)
  • Votes Against: 10 voters (933 shares, 0.01%)

Resolution 6: Enhancement of Loan/Guarantee/Security Limit under Section 185

  • Total Valid Votes: 166 voters representing 26,753,376 shares
  • Votes in Favor: 138 voters (24,573,265 shares, 91.85%)
  • Votes Against: 28 voters (2,180,111 shares, 8.15%)

Resolution 7: Enhancement of Investment Limit under Section 186

  • Total Valid Votes: 166 voters representing 26,753,376 shares
  • Votes in Favor: 144 voters (26,477,371 shares, 98.97%)
  • Votes Against: 22 voters (276,005 shares, 1.03%)

Resolution 8: Variation in IPO Proceeds Utilization and Time Extension

  • Total Valid Votes: 166 voters representing 26,753,376 shares
  • Votes in Favor: 166 voters (26,753,130 shares, 99.9991%)
  • Votes Against: 0 voters (246 shares, 0.0009%)

Shareholding and Participation Details

  • Total Shareholders on Record Date (June 30, 2026): 36,498
  • Total Outstanding Shares: 46,053,588
  • Promoter & Promoter Group Holdings: 21,100,357 shares (45.82%)
  • Public Institutions Holdings: 7,547,516 shares (16.39%)
  • Public Non-Institutions Holdings: 17,405,715 shares (37.79%)

Special Notes on Voting

  • There were 11 invalid votes (18,085,228 shares) in resolutions 1-5 due to related parties
  • There were no invalid votes in resolutions 6-8
  • One shareholder holding 160 shares voted for only 1 share
  • All percentage figures rounded to 2 decimal points

Documents Submitted

1. Consolidated Scrutinizer Report (Annexure A) pursuant to Section 108 of Companies Act, 2013

2. Voting Results in prescribed format (Annexure B) pursuant to Regulation 44(3) of SEBI LODR

Scrutinizer Details

  • Name: Mukesh H. Shah
  • Firm: Mukesh H. Shah & Co.
  • Qualification: Company Secretary
  • Membership Number: 5827
  • Appointment Date: May 14, 2026
  • Report Date: August 04, 2026

Company Signatories

  • Deval Rajnikant Shah: Whole Time Director & CFO (DIN: 00332722)
  • Swapnil Jatinbhai Shah: Managing Director (DIN: 05259821)

All voting records will remain with the scrutinizer until minutes are approved, then transferred to the Company Secretary & Compliance Officer.