Voting Process Details

The company sought shareholder approval through postal ballot process via remote e-voting mode for the appointment of Mr. Hasmukh Nanalal Shah as Executive Managing Director. The notice was dated June 02, 2026, with the last date for receipt of postal ballot forms being July 02, 2026.

Scrutinizer Appointment

Vishakha Agrawal (Membership No. 39298) of M/s Vishakha Agrawal & Associates was appointed as scrutinizer in the Board Meeting held on June 02, 2026. The scrutinizer's report was issued to the company on July 03, 2026.

Shareholder Base and Voting Participation

  • Record date: May 29, 2026
  • Total number of shareholders on record date: 104,180
  • Number of shareholders who cast votes: 329 members
  • Total shares voted: 17,061,481 equity shares
  • Total outstanding shares: 1,233,079,085 equity shares
  • Voting turnout: 1.3836% of outstanding shares

Resolution Details

Resolution 1 (Ordinary Resolution): Appointment of Mr. Hasmukh Nanalal Shah (DIN: 00398666) as Executive-Managing Director of the Company

Voting Results Breakdown

| Category | Mode | Shares Held | Votes Polled | % Votes Polled | Votes in Favor | Votes Against | % in Favor | % Against |

| Public Non-Institutions | E-Voting | 1,233,079,085 | 17,061,481 | 1.3836% | 16,958,285 | 103,196 | 99.3952% | 0.6048% |

| Total | All Modes | 1,233,079,085 | 17,061,481 | 1.3836% | 16,958,285 | 103,196 | 99.3952% | 0.6048% |

Member-wise Voting Pattern

  • 311 members voted in favor of the resolution
  • 18 members voted against the resolution
  • The resolution was passed with requisite majority

Appointment Terms

  • Appointment period: Five years effective from December 11, 2025
  • Annual remuneration: ₹600,000 plus perquisites
  • Remuneration payable as per Section II of Part II of Schedule V to the Companies Act, 2013 in case of loss or inadequacy of profit
  • Appointment subject to provisions of Sections 196, 197, 198, 203 and other applicable provisions of the Companies Act, 2013

Authorization

Mr. Nilesh Jain (DIN: 07785023), Director, was authorized by the Board to supervise the postal ballot process and ensure compliance with Companies Act, 2013 requirements.

#Tags: #SylphIndustries #ManagementAppointment #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance