Meeting Details

The vote was conducted via remote e-voting (postal ballot) without a physical meeting. The voting period ran from Tuesday, August 11, 2026, at 9:00 AM to Wednesday, September 09, 2026, at 5:00 PM. The cut-off date for determining shareholder eligibility was Friday, July 31, 2026.

Proposed Resolution and Implications

The single resolution proposed was a Special Resolution for "APPROVAL FOR SALE, LEASE OR OTHERWISE DISPOSAL OF THE WHOLE OR SUBSTANTIALLY THE WHOLE OF THE UNDERTAKING OF THE COMPANY PURSUANT TO SECTION 180(1)(A) OF THE COMPANIES ACT, 2013." The promoters/promoter group declared they were not interested in this resolution.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). The process was conducted pursuant to Section 108 and 110 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, following MCA circulars dated May 05, 2020, September 25, 2023, December 28, 2022, May 05, 2022, April 13, 2020, and April 08, 2020.

Key Voting Outcomes

Total Votes Cast: 17,675,333 votes were cast, representing 8.2518% of the total 214,200,000 outstanding shares.

Resolution Outcome: The special resolution was passed with 17,656,004 votes in favor (99.8906% of votes cast) and 19,329 votes against (0.1094% of votes cast).

Category-Wise Breakdown:

  • Promoter and Promoter Group: Held 8,734,679 shares. All 8,734,679 shares (100% of their holding) voted unanimously in favor.
  • Public - Institutions: Held 9,500,000 shares. No votes were cast from this category (0% participation).
  • Public - Non-Institutions: Held 195,965,321 shares. 8,940,654 votes were cast (4.5624% of their holding), with 8,921,325 (99.7838%) in favor and 19,329 (0.2162%) against.

Scrutinizer's Role and Findings

Payal Dhamecha, Proprietor of Payal Dhamecha & Associates, was appointed as the Scrutinizer. Her report, dated September 10, 2026, confirms:

  • The notice was sent to members via email.
  • The remote e-voting facility was provided by NSDL.
  • 95 members voted in favor of the resolution, casting 17,656,004 votes (100% of valid votes for the resolution).
  • 10 members voted against the resolution, casting 19,329 votes (100% of valid votes against the resolution).
  • There were zero invalid votes.
  • The scrutinizer concluded the resolution was passed with the requisite majority.

Compliance Confirmation

The document confirms compliance with Regulation 44(3) of the SEBI LODR Regulations, 2015, Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.