Key Resolutions and Voting Results

All 10 resolutions proposed in the Postal Ballot Notice dated 15th July 2026 were passed with requisite majority. The remote e-voting period closed on Monday, 17th August 2026 at 5:00 PM IST, and the scrutinizer submitted the report on Wednesday, 19th August 2026.

Director Appointments

Resolution 1 (Special Resolution): Appointment of Mr. Anuj Jalan (DIN: 02525506) as Chairman and Managing Director for 3 years effective 08th July 2026.

  • Total shares voted: 3,527,985 (18.17% of outstanding shares)
  • Votes in favor: 3,527,973 (100.00% of votes polled)
  • Votes against: 12 (0.00% of votes polled)
  • Promoter votes (15,885,037 shares) excluded as interested parties

Resolution 2 (Special Resolution): Appointment of Mr. Raj Kumar Jalan (DIN: 07875364) as Executive Director effective 08th July 2026.

  • Same voting pattern as Resolution 1
  • Promoter votes excluded as interested parties

Resolution 3 (Special Resolution): Appointment of Mr. Daivik Jalan (DIN: 10808174) as Non-Independent Non-Executive Director effective 08th July 2026.

  • Same voting pattern as Resolution 1
  • Promoter votes excluded as interested parties

Resolution 4 (Special Resolution): Appointment of Ms. Pragati Goel (DIN: 10447667) as Independent Non-Executive Women Director for 5 years effective 08th July 2026.

  • Total shares voted: 19,413,022 (100.00% of outstanding shares)
  • Votes in favor: 19,413,012 (99.9999% of votes polled)
  • Votes against: 10 (0.0001% of votes polled)

Resolution 5 (Special Resolution): Appointment of Mr. Giri Raj Parashar (DIN: 10491076) as Independent Non-Executive Director for 5 years effective 08th July 2026.

  • Same voting pattern as Resolution 4

Resolution 6 (Special Resolution): Appointment of Mr. Shivam Gupta (DIN: 07690975) as Independent Non-Executive Director for 5 years effective 08th July 2026.

  • Same voting pattern as Resolution 4

Corporate Approvals

Resolution 7 (Special Resolution): Approval under Section 185 of Companies Act, 2013 for advancing loans, giving guarantees, or providing security and authorization to directors to execute related documents.

  • Same voting pattern as Resolution 4

Resolution 8 (Ordinary Resolution): Approval for Material Related Party Transaction(s) with Tandhan Power Technologies Private Limited under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI Listing Regulations and IND AS 24.

  • Total shares voted: 3,527,985 (18.17% of outstanding shares)
  • Votes in favor: 3,527,975 (99.9999% of votes polled)
  • Votes against: 10 (0.0001% of votes polled)
  • Promoter votes (15,885,037 shares) excluded as interested parties

Resolution 9 (Special Resolution): Approval for Change of Name of the Company.

  • Same voting pattern as Resolution 4

Resolution 10 (Special Resolution): Approval for Shifting of Registered Office from State of Gujarat to State of West Bengal.

  • Same voting pattern as Resolution 4

Scrutinizer Details

The scrutinizer was Mr. Mohan Ram Goenka, Partner of MR & Associates (FCS No. 4515, CP No. 2551), appointed by the Board of Directors on 15th July 2026. The cut-off date for determining voting eligibility was 10th July 2026.

Voting Participation

23 members cast votes through remote e-voting platform provided by Bigshare Services Private Limited. No physical postal ballot forms were received. Total outstanding shares: 19,413,022, with promoter holding 15,885,037 shares and public holding 3,527,985 shares.

Interested Parties

The following entities were considered interested parties and their votes were excluded from relevant resolutions: Ankit Jalan HUF, Anuj Jalan, Prachi Jalan, Radhika Jalan, Ritu Jalan, Daivik Jalan, Anuj Jalan HUF, and Jalan Shrees Private Limited.