Meeting Details

The decision was made through a postal ballot process without a physical meeting. The remote e-voting period commenced on Thursday, July 16, 2026 (9:00 AM IST) and ended on Friday, August 14, 2026 (5:00 PM IST). The resolution is deemed to have been passed on August 14, 2026.

Proposed Resolution and Implications

The single special resolution proposed was: "APPROVAL OF APPOINTMENT OF MR. SUNIL PATRA (DIN: 11728362) AS MANAGING DIRECTOR OF THE COMPANY." The resolution required a special majority for approval. The promoters/promoter group were not interested in this resolution.

Voting Process and Methods

The voting was conducted solely through remote e-voting facilitated by Central Depository Services Limited (CDSL). No postal ballot forms were received by the scrutinizer by the deadline of August 14, 2026 (5:00 PM IST). The cut-off date for determining shareholder eligibility was Friday, July 3, 2026.

Key Voting Outcomes

Overall Results:

  • Total shares outstanding: 147,934,000
  • Total votes polled: 34,363,240
  • Percentage of votes polled to outstanding shares: 23.2288%
  • Votes in favor: 34,355,939 (99.9788% of votes polled)
  • Votes against: 7,301 (0.0212% of votes polled)
  • Resolution Status: Passed

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 0
  • Votes polled: 0
  • Votes in favor: 0
  • Votes against: 0

Public Institutions:

  • Shares held: 306,109
  • Votes polled: 0
  • Votes in favor: 0
  • Votes against: 0

Public Non-Institutions:

  • Shares held: 147,627,891
  • Votes polled: 34,363,240 (23.2769% of category shares)
  • Votes in favor: 34,355,939 (99.9788% of votes polled in category)
  • Votes against: 7,301 (0.0212% of votes polled in category)

Scrutinizer's Detailed Count:

In Favor:

  • 124 members voted in favor
  • 34,355,939 valid votes cast (99.98% of total valid votes)

Against:

  • 17 members voted against
  • 7,301 valid votes cast (0.02% of total valid votes)

Invalid Votes:

  • No invalid votes were recorded

Scrutinizer's Role and Findings

M/s. Hemang Satra & Associates, Practicing Company Secretaries (Hemang Satra, ACS 54476, CP No. 24235), was appointed as scrutinizer. Their responsibilities included:

  • Unblocking votes cast through remote e-voting in the presence of two witnesses not employed by the company
  • Scrutinizing and reviewing votes based on data downloaded from CDSL's e-voting system
  • Maintaining a register with necessary entries as per Companies (Management and Administration) Rules, 2014
  • Confirming that voting rights were proportional to shareholding as of the cut-off date

The scrutinizer confirmed that no postal ballot forms were received by the deadline and that the resolution was approved by the requisite consent of members.

Compliance Confirmation

The process complied with:

  • Section 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014 (Rules 20 and 22)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Multiple MCA Circulars (14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 09/2023, 09/2024, 03/2025)
  • Secretarial Standard on General Meetings (SS-2)

Additional Information

The voting results and scrutinizer's report were uploaded on the company's website and CDSL's website. The document reference is Postal Ballot Notice dated July 09, 2026.