Meeting Details

The approval is sought through a Postal Ballot process without a physical meeting. The remote e-voting period commences on Friday, November 6, 2026 at 9:00 AM IST and ends on Saturday, December 5, 2026 at 5:00 PM IST. The cut-off date for determining shareholder eligibility is Friday, October 30, 2026.

Proposed Resolution and Implications

The single ordinary resolution seeks approval for entering into a Joint Development Agreement (JDA) and related General Power of Attorney with Mrs. Nitta Vinod Jatiya, a related party belonging to the Promoter Group. The transaction involves development of land measuring 2008.00 square meters at Final Plot No. 23 under Town Planning Scheme 03, Village Koproli, Taluka Panvel, District Raigad, Maharashtra.

Key terms of the agreement:

  • The Company will act as sole Developer
  • Development will be on an area-sharing basis
  • Company entitled to minimum 70% of total carpet area
  • Mrs. Jatiya entitled to maximum 30% of total carpet area
  • Distribution of shops to be mutually agreed within these limits
  • Company to bear all development costs, approvals, and funding
  • Project launch within 12 months of JDA execution
  • Project completion within 3 years of plan sanctions

Voting Process and Methods

The Company has appointed Central Depository Services (India) Limited (CDSL) as the e-voting agency. The voting will be conducted exclusively through remote e-voting with no physical polling. Ms. Khyati Shah & Company, Company Secretaries (Membership number F 8686, Certificate of Practice No. 9574) has been appointed as Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Detailed voting instructions are provided for:

  • Individual shareholders holding securities in demat mode with CDSL and NSDL
  • Shareholders holding physical shares
  • Non-individual shareholders and custodians

Key Voting Provisions

In accordance with Regulation 23(4) of SEBI Listing Regulations, all related parties (including all entities falling under the promoter and promoter group) are prohibited from voting on this resolution. Any votes cast by related parties will be disregarded by the Scrutinizer.

Results Declaration and Compliance

The results of the postal ballot will be announced on Monday, December 7, 2026 at or before 5:00 PM IST. The results will be intimated to BSE Limited (Scrip Code: 530677) and National Stock Exchange of India Limited (Symbol: SUPREME) and uploaded on the Company's website www.supremeholdings.net and CDSL's website.

The resolution requires approval by requisite majority, meaning votes cast in favor must exceed votes cast against (with related party votes disregarded). If passed, the resolution will be deemed passed on December 5, 2026.

Additional Information

The transaction was approved by the Audit Committee (with only independent directors voting) and the Board of Directors (with interested directors not participating) at their meetings held on October 28, 2026. The transaction is considered material as it exceeds 10% of the annual consolidated turnover threshold under SEBI Listing Regulations.