Key Resolution Details

The company sought shareholder approval through postal ballot for the appointment of Mr. Neeraj Swaroop (DIN: 00061170) as an Independent Director of the Company. The resolution was proposed as a special resolution under Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014.

Voting Process and Timeline

  • Notice of Postal Ballot issued: September 11, 2026
  • Cut-off date for shareholder eligibility: September 4, 2026
  • Remote e-voting period: September 14, 2026 (9:00 AM IST) to October 13, 2026 (5:00 PM IST)
  • Scrutinizer appointed: Mr. Y. Ravi Prasada Reddy (FCS 5783), Proprietor of RPR & Associates
  • Service provider for e-voting: KFintech
  • Results declared: October 14, 2026

Share Capital Structure

As of September 4, 2026 (cut-off date):

  • Total paid-up equity share capital: ₹79,972,325
  • Fully paid-up equity shares: 71,305,144 shares (face value ₹10) with 71,305,144 voting rights
  • Partly paid-up equity shares: 17,334,362 shares (paid-up value ₹5) with 8,667,180 voting rights (0.5 voting right per share)
  • Total voting rights: 79,972,324
  • Total number of shareholders: 121,506

Voting Results

Overall Results:

  • Total votes polled: 48,830,913 votes (61.06% of total voting rights)
  • Votes in favor: 48,445,529 votes (99.21% of votes polled)
  • Votes against: 385,384 votes (0.79% of votes polled)
  • Invalid votes: 0
  • Resolution passed: Yes

Category-wise Breakdown:

Promoter and Promoter Group:

  • Total shares held: 38,501,401
  • Votes polled: 38,501,401 (100% participation)
  • Votes in favor: 100% (38,501,401 votes)
  • Votes against: 0%

Public Institutions:

  • Total shares held: 16,821,901
  • Votes polled: 8,332,490 (49.53% participation)
  • Votes in favor: 95.41% (7,949,788 votes)
  • Votes against: 4.59% (382,702 votes)

Public Non-Institutions:

  • Total shares held: 24,649,023
  • Votes polled: 1,997,022 (8.10% participation)
  • Votes in favor: 99.87% (1,994,340 votes)
  • Votes against: 0.13% (2,682 votes)

Scrutinizer Report Details

  • Number of members voting: 394 members (295 holding fully paid-up shares, 99 holding partly paid-up shares)
  • Votes were unblocked after 5:00 PM IST on October 13, 2026, in the presence of two witnesses
  • The scrutinizer's report confirms the voting process was conducted fairly and transparently
  • Electronic records will remain with the scrutinizer until signing of minutes, then handed over to the company

Additional Information

  • Advertisement regarding the postal ballot was published in Financial Express (English) and Nava Telangana (Telugu) on September 12, 2026
  • The voting results and scrutinizer's report will be placed on the company's website (www.spandanasphoorty.com)
  • The company has both fully paid-up and partly paid-up equity shares, with voting rights proportionate to paid-up value