Voting Process Details

  • Postal ballot conducted through electronic voting as per Section 110 read with Section 108 of Companies Act, 2013
  • Cut-off date for voting eligibility: 3rd July 2026
  • Voting closed on 7th August 2026 at 5:00 PM
  • Scrutinizer: Mr. Sridhar G. Mudaliar (FCS - 6156) or Mrs. Meenakshi Deshmukh (FCS 7364) of M/s. SVD & Associates
  • Total shareholders who voted: 26
  • Total votes cast: 1,96,92,168 across all resolutions

Resolution Results

Item 1: Appointment of Mr. Anant Raghute as Executive Non-Independent Director

  • Ordinary Resolution
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes
  • Mr. Raghute was appointed as Additional Director from 5th June 2026
  • DIN: 05151874

Item 2: Appointment of Mr. Anant Raghute as Managing Director and Remuneration

  • Special Resolution
  • Appointment period: 5th June 2026 to 4th June 2029 (3 years)
  • Annual remuneration package:
  • Basic: ₹8,01,600
  • HRA: ₹19,200
  • Conveyance: ₹2,400
  • Education Allowance: ₹15,000
  • Medical Allowance: ₹11,65,800
  • Performance Allowance: ₹40,08,000
  • Gross: ₹40,08,000
  • Liabilities (Gratuity, Leave, Mediclaim): ₹1,98,692
  • Total CTC: ₹42,06,692 per annum
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 3: Appointment of Mr. Sandeep Deshmukh as Non-Executive Non-Independent Director

  • Ordinary Resolution
  • DIN: 06775847
  • Appointed as Additional Director on 5th June 2026
  • Liable to retire by rotation
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 4: Appointment of Mr. Salil Halve as Non-Executive Non-Independent Director

  • Ordinary Resolution
  • DIN: 10715453
  • Appointed as Additional Director on 5th June 2026
  • Liable to retire by rotation
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 5: Appointment of Mr. Yashavant Avatade as Non-Executive Independent Director

  • Special Resolution
  • DIN: 11696640, IDDB Registration: IDDB-DI-202605-093841
  • Appointment period: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 6: Appointment of Mr. Sanjeev Mahajan as Non-Executive Independent Director

  • Special Resolution
  • DIN: 02683592, IDDB Registration: IDDB-DI-202012-033218
  • Appointment period: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 7: Appointment of Ms. Bhakti Hosalkar as Non-Executive Independent Director

  • Special Resolution
  • DIN: 07445839, IDDB Registration: IDDB-DI-202604-092991
  • Appointment period: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 8: Remuneration of Mrs. Padmini Urane as Chief Financial Officer

  • Ordinary Resolution
  • Membership No: 38,927 (Institute of Cost Accountant India)
  • Annual remuneration package:
  • Basic: ₹16,58,562
  • HRA: ₹6,63,440
  • Conveyance: ₹19,200
  • Education Allowance: ₹24,00
  • Medical Allowance: ₹15,000
  • Performance Allowance: ₹9,58,542
  • Gross: ₹33,17,124
  • Provident Fund: ₹23,400
  • Leave: ₹79,739
  • Gratuity: ₹79,739
  • LWF: ₹150
  • Mediclaim/WC: ₹4,800
  • Total CTC: ₹35,00,001 per annum
  • Votes in favor: 24 shareholders, 2,43,161 votes (99.99%)
  • Votes against: 2 shareholders, 7 votes
  • Valid votes: 25 shareholders, 2,34,168 votes

Item 9: Sitting Fees for Independent Directors

  • Ordinary Resolution
  • Approved sitting fees for Mr. Yashavant Avatade, Mr. Sanjeev Mahajan, and Ms. Bhakti Hosalkar
  • Period: 5th June 2026 to 4th June 2031
  • Votes in favor: 24 shareholders, 2,43,161 votes (99.99%)
  • Votes against: 2 shareholders, 7 votes
  • Valid votes: 25 shareholders, 2,34,168 votes

Item 10: Material Related Party Transactions

  • Ordinary Resolution
  • Approved transactions with Smart Services Private Limited and Jayostute Capital Private Limited
  • Period: August 30, 2026 to July 31, 2027
  • Transaction types: Loans, reimbursement of expenses (aggregating ₹14,000 lakhs), lease of property
  • Votes in favor: 24 shareholders, 2,43,161 votes (99.99%)
  • Votes against: 2 shareholders, 7 votes
  • Valid votes: 25 shareholders, 2,34,168 votes

Item 11: Change of Company Name

  • Special Resolution
  • Change from "SHARP INDIA LIMITED" to "SMAART TECH SERVICES LIMITED"
  • Requires ROC and regulatory approvals
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 12: Alteration of Memorandum of Association Object Clause

  • Special Resolution
  • Significant expansion of business objects including:
  • PPP, BOT, BOL, BOLT, BOO, BOOT models
  • Logistics solutions, supply chain management, warehousing
  • Data centers, cloud computing, IT/ITES services
  • Semiconductor manufacturing and hardware devices
  • Renewable energy projects
  • Healthcare, pharmaceuticals, medical devices
  • FMCG, consumer goods trading
  • Facility management, security services
  • Removal of Clause C (Other Objects) from MOA
  • Update references from Companies Act 1956 to 2013
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 13: Adoption of New Articles of Association

  • Special Resolution
  • Adoption of new AOA based on Table F of Companies Act 2013
  • Replaces existing Articles of Association
  • Votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Item 14: Mortgage/Hypothecation for Credit Facilities

  • Special Resolution
  • Borrowing limit: ₹500 crores
  • Can provide security for loans availed by holding company Smart Services Private Limited
  • Can create charges on movable/immovable properties
  • Approved material related party transactions with Smart Services Private Limited
  • Votes in favor: 24 shareholders, 2,43,161 votes (99.99%)
  • Votes against: 2 shareholders, 7 votes
  • Valid votes: 25 shareholders, 2,34,168 votes

Item 15: Approval for Sale of Company Assets

  • Special Resolution
  • Approval to sell entire undertaking at Gat No 686/1, 686/3/A, 686/4, 686/6/A, 686/8/A, 686/10/A, Koregaon Bhima, Pune
  • Total area: 10 hectares 86.09 Are (1,08,609 square meters)
  • Includes land, buildings, constructions, plant and machinery
  • Sale on 'as is where is' basis
  • Public shareholders' separate voting: 24 shareholders, 2,43,161 votes in favor (99.99%)
  • Overall votes in favor: 24 shareholders, 1,96,92,161 votes (100%)
  • Votes against: 2 shareholders, 7 votes

Financial Impact

All resolutions passed with overwhelming majority (99.99%-100% approval). The appointments and remuneration packages represent ongoing operational costs. The related party transactions aggregate ₹14,000 lakhs. The borrowing limit approval enables fundraising up to ₹500 crores. The asset sale resolution enables potential significant capital receipt but amount not specified.