The EGM was conducted to vote on a special resolution regarding the "Issuance of Equity Shares upon Conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) to the Non-Promoters on Preferential Basis."
Voting Results Details:
- Total Shareholders on cut-off date (Monday, 17th August, 2026): 41,045
- Total number of shares outstanding: 694,749,897
- Total votes polled: 462,308,464 (66.54315% of outstanding shares)
- Votes in favor of resolution: 462,308,304 (99.999965% of votes polled)
- Votes against resolution: 160 (0.0000346% of votes polled)
Breakdown by Shareholder Category:
Promoter and Promoter Group:
- Shares held: 472,800,965
- Votes polled: 420,643,520 (60.546036% of outstanding shares)
- All 420,643,520 votes were in favor (100% of their votes polled)
Public Institutions:
- No votes were recorded from this category through any voting mode (e-voting, poll, or postal ballot)
Public Non-Institutions:
- Shares held: 221,948,932
- Votes polled: 41,664,944 (5.9971141% of outstanding shares)
- Votes in favor: 41,664,784 (99.999616% of their votes polled)
- Votes against: 160 (0.000384% of their votes polled)
Scrutinizer's Report:
Dhirren R. Dave & Co., Company Secretaries, were appointed as Scrutinizer for the e-voting process. Key details from their report include:
- Bigshare Services Private Limited was engaged as the Authorised Agency for the e-voting process
- E-Voting period: From 09.00 A.M. (IST) on August 21, 2026 to 05.00 P.M. (IST) on August 23, 2026
- Advertisement was published in Financial Express (English Edition) on 02.08.2026 and Financial Express (Gujarati Edition) on 03.08.2026
- Cut-off date (record date): August 17, 2026
- Votes were verified on 24.08.2026 around 05:09 P.M. in the presence of witnesses Mr. Tushar Soni and Ms. Mahima Soni
- The special resolution was passed with requisite majority
The document was signed by Anil Kumar Sumermal Jain, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Ltd.