Key Quantitative Figures & Dates

  • Record Date: June 5, 2026
  • Total Shareholders on Record Date: 701
  • Remote E-Voting Period: June 16, 2026 (9:00 AM IST) to July 15, 2026 (5:00 PM IST)
  • Total Shareholders Voted: 75
  • Total Votes Polled: 8,386,300 shares (70.2782% of outstanding shares)
  • Total Outstanding Shares: 11,933,000

Shareholding Pattern & Voting Breakdown:

  • Promoter & Promoter Group: Held 7,467,200 shares (62.58%). 12 shareholders voted 7,357,900 shares (98.5363% of their holding).
  • Public Institutions: Held 644,400 shares (5.40%). 0 shareholders voted.
  • Public Non-Institutions: Held 3,821,400 shares (32.02%). 63 shareholders voted 1,028,400 shares (26.9116% of their holding).

Parties Involved

  • Stock Exchanges: BSE Limited (BSE SME Platform and Main Board), National Stock Exchange of India Limited (NSE Main Board)
  • Scrutinizer: M/s. Mittal V Kothari & Associates (Mittal V Kothari, CS, Membership No. A46731)
  • E-Voting Agency: National Securities Depository Limited (NSDL)
  • RTA: MUFG Intime India Private Limited
  • Company Representatives: Nikita Sharma (Company Secretary and Compliance Officer, M. No. A60595), Shravan H Patel (Managing Director, DIN: 08629141)
  • Proposed Directors: Ms. Smita Kiran Davda (DIN: 11125469), Mr. Sachin Bhandari (DIN: 11768182)

Resolutions and Voting Results

Three special resolutions were proposed and all were passed unanimously with 100% votes in favor:

1. Resolution 1: Appointment of Ms. Smita Kiran Davda as a Non-Executive Independent Director for 5 years.

  • Votes in Favor: 8,386,300 (100% of votes polled)
  • Promoters not interested in the resolution.

2. Resolution 2: Appointment of Mr. Sachin Bhandari as a Non-Executive Independent Director for 5 years.

  • Votes in Favor: 8,386,300 (100% of votes polled)
  • Promoters not interested in the resolution.

3. Resolution 3: Migration of listing from BSE SME Platform to the Main Boards of BSE and NSE.

  • Votes in Favor: 8,386,300 (100% of votes polled)
  • Promoters were interested in this resolution.
  • Non-Promoter Votes: Public non-institutions cast 1,028,400 votes in favor and 0 against, satisfying SEBI ICDR Reg. 277 requirement (votes in favor ≥ 2x votes against).

Regulatory References & Process

  • The postal ballot was conducted under Sections 108 & 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014.
  • The disclosure is made pursuant to Regulation 44 of SEBI LODR Regulations, 2015.
  • The migration resolution specifically complies with Regulation 277 of SEBI (ICDR) Regulations, 2018.
  • The notice was sent only electronically via email to members registered as of the record date. Newspaper advertisements were published in the Financial Express (English and Gujarati) on June 15, 2026.

Scrutinizer's Report

Mittal V Kothari was appointed scrutinizer by the Board on June 13, 2026. The report, dated July 16, 2026, confirms the remote e-voting process was fair and transparent, based on data downloaded from NSDL. The report was countersigned by Managing Director Shravan H Patel. The scrutinizer's report was issued to the company on July 16, 2026.

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

No change to share capital or promoter holding reported as a direct result of these votes. The migration resolution approval is a prerequisite for a future corporate action that may impact trading liquidity and market segment.

#Tags: #TridentLifeline #PostalBallot #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance #Neutral