Meeting Details
The voting was conducted via postal ballot with electronic voting (e-voting) facility only, without a physical meeting. The process was conducted pursuant to the Postal Ballot Notice dated 06th May 2026. The cut-off date for determining shareholder eligibility was Friday, 08th May 2026.
Proposed Resolutions and Implications
Four resolutions were proposed for shareholder approval:
Resolution No. 1: Special Resolution - Alteration of the Object Clause of the Memorandum of Association of the Company.
Resolution No. 2: Ordinary Resolution - Increase in Authorised Share Capital of the Company.
Resolution No. 3: Special Resolution - To approve issue of equity shares and/or other eligible securities including convertible instruments, warrants, or depository receipts through one or more modes including private placement or qualified institutions placement (QIP).
Resolution No. 4: Special Resolution - To appoint Mr. Deenadayal Tripurasetty (DIN: 10200896) as Director (Non-Executive & Independent) of the Company.
Voting Process and Methods
The Company availed the e-voting facility offered by Central Depository Services (India) Limited (CDSL). The e-voting period commenced on Thursday, 14th May 2026 at 9:00 AM (IST) and concluded on Friday, 12th June 2026 at 5:00 PM (IST). No physical postal ballot forms were dispatched or received as per MCA Circulars.
Key Voting Outcomes
Resolution No. 1: Special Resolution - Alteration of MOA
- Total votes cast: 180 members representing 26,75,70,064 shares
- In favor: 26,75,70,064 shares (100.00%)
- Against: 12,471 shares (0.00%)
- Invalid/Abstained/Not Voted: 1 member holding 1,730 shares
- Result: PASSED with requisite majority
Resolution No. 2: Ordinary Resolution - Increase in Authorised Capital
- Total votes cast: 180 members representing 26,75,68,664 shares
- In favor: 26,75,68,664 shares (99.99%)
- Against: 15,601 shares (0.01%)
- Invalid/Abstained/Not Voted: 0 members
- Result: PASSED with requisite majority
Resolution No. 3: Special Resolution - Fundraising Approval
- Total votes cast: 178 members representing 26,75,26,044 shares
- In favor: 26,75,26,044 shares (99.98%)
- Against: 58,221 shares (0.02%)
- Invalid/Abstained/Not Voted: 0 members
- Result: PASSED with requisite majority
Resolution No. 4: Special Resolution - Director Appointment
- Total votes cast: 179 members representing 26,75,24,794 shares
- In favor: 26,75,24,794 shares (99.98%)
- Against: 59,471 shares (0.02%)
- Invalid/Abstained/Not Voted: 0 members
- Result: PASSED with requisite majority
Scrutinizer's Role and Findings
Mr. Balaramakrishna Desina, Proprietor of Balaramakrishna & Associates, Company Secretaries in Practice, was appointed as Scrutinizer. The votes were unblocked on 12th June 2026 in the presence of two independent witnesses (Mr. Madbur and Mr. Pavan) who were not in the employment of the Company. The scrutinizer reconciled the e-voting results with records maintained by the Registrar and Transfer Agent and maintained a separate register for the postal ballot process.
Compliance Confirmation
The process was conducted in compliance with Section 108 of the Companies Act, 2013, Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI (LODR) Regulations, 2015, MCA Circulars, and Secretarial Standard on General Meetings (SS-2).