Meeting Details

  • Type of Meeting: Postal Ballot
  • Last Date of Receipt of Postal Ballot Forms: 22nd May, 2026
  • Record Date: 17th April, 2026
  • Total Number of Shareholders on Record Date: 218,163

Proposed Resolution and Implications

The single special resolution proposed was for the Re-appointment of Mr. Rajendra S. Shah (DIN: 00061922) as an Independent Director of the Company for a second term of 5 years from 25th May 2026 till 24th May 2031.

Voting Process

  • The voting was conducted entirely via remote e-voting, as per MCA circulars; no physical postal ballot forms were used.
  • The e-voting period was from 9:00 a.m. (IST) on 23rd April, 2026, to 5:00 p.m. (IST) on 22nd May, 2026.
  • The notice was dispatched only electronically to members whose email addresses were registered as of the record date.
  • An advertisement was published in the Financial Express (English) and Financial Express (Gujarati) on 23rd April, 2026.
  • The e-voting was provided by Central Depository Services (India) Limited (CDSL).

Key Voting Outcomes

Overall Results

  • Total Number of Resolutions: 1
  • Total Votes Cast: 216,141,085
  • Percentage of Votes Polled: 72.0072% of total outstanding shares (300,165,839)
  • Votes in Favor: 200,162,703 (92.6074% of votes polled)
  • Votes Against: 15,978,382 (7.3926% of votes polled)
  • Result: The resolution was passed.

Category-Wise Breakdown

Promoter and Promoter Group

  • Shares Held: 193,198,300
  • Votes Polled: 164,677,636 (85.2376% of shares held)
  • Votes in Favor: 164,677,636 (100% of votes polled by this group)
  • Votes Against: 0

Public Institutions

  • Shares Held: 26,904,768
  • Votes Polled: 22,597,532 (83.9908% of shares held)
  • Votes in Favor: 6,638,383 (29.3766% of votes polled by this group)
  • Votes Against: 15,959,149 (70.6234% of votes polled by this group)

Public Non-Institutions

  • Shares Held: 80,062,771
  • Votes Polled: 28,865,917 (36.0541% of shares held)
  • Votes in Favor: 28,846,684 (99.9334% of votes polled by this group)
  • Votes Against: 19,233 (0.0666% of votes polled by this group)

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Tapan Shah, Company Secretary in Practice (CP No.: 2839)
  • Firm's Name: Tapan Shah
  • Date of Appointment by Board: 21st April, 2026
  • Date of Report Issuance: 23rd May, 2026
  • The scrutinizer verified the process and results based on data from CDSL, witnessed by two independent witnesses (Mr. Aryan Jethva and Mr. Babulal Vaghela).
  • The report confirmed 675 shareholders voted, with 545 voting in favor and 130 against.
  • There were no invalid votes.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 110 of the Companies Act, 2013
  • The Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (LODR) Regulations, 2015
  • Relevant MCA circulars (including 14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, and 03/2025)

Additional Information

The voting results and scrutinizer's report were uploaded to the company's website (www.transformerindia.com) and the CDSL website (www.evotingindia.com).