Meeting Details

  • Meeting Type: Extra-Ordinary General Meeting (EGM)
  • Meeting Date: July 12, 2026
  • Meeting Format: Conducted through Video Conferencing/Other Audio Visual Means
  • Record Date: July 5, 2026
  • Total Shareholders on Record Date: 4,749

Proposed Resolutions and Implications

Two special resolutions were considered:

1. Issuance of Equity Shares of the company on a preferential basis

2. Issuance of Unlisted Fully Convertible Warrants of the company on a preferential basis

Both resolutions represent capital raising activities through preferential allotment to investors.

Voting Process and Methods

  • Voting Methods: Exclusive remote e-voting facility provided by Central Depository Services (India) Limited (CDSL)
  • E-voting Period: Remote e-voting was available to shareholders holding shares as of the cut-off date (July 5, 2026)
  • Scrutinizer: Vishal Thawani of Vishal Thawani & Associates (Practicing Company Secretaries) was appointed by the Board of Directors on June 20, 2026
  • Membership Number: 43938
  • Qualification: Company Secretary (CS)

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 31,833,079
  • Total Votes Cast: 19,003,129 votes (59.6962% of outstanding shares)
  • Number of Voting Shareholders: 12 members participated through remote e-voting
  • Physical Attendance: 0 shareholders present in person or through proxy
  • Virtual Attendance: 3 shareholders attended through video conferencing

Resolution 1: Issuance of Equity Shares

Overall Result: PASSED (Special Resolution)

  • Total Votes in Favor: 19,002,629 (99.9974% of votes cast)
  • Total Votes Against: 500 (0.0026% of votes cast)
  • Abstained/Invalid Votes: 0

Category-wise Breakdown:

  • Promoter & Promoter Group: 15,832,236 shares voted (100% participation), 100% in favor
  • Public Institutions: 2,667,823 votes cast (68.025% participation), 100% in favor
  • Public Non-Institutions: 503,070 votes cast (4.1648% participation), 99.9006% in favor (502,570 votes), 0.0994% against (500 votes)

Resolution 2: Issuance of Convertible Warrants

Overall Result: PASSED (Special Resolution)

  • Total Votes in Favor: 19,002,629 (99.9974% of votes cast)
  • Total Votes Against: 500 (0.0026% of votes cast)
  • Abstained/Invalid Votes: 0

Category-wise Breakdown:

  • Promoter & Promoter Group: 15,832,236 shares voted (100% participation), 100% in favor
  • Public Institutions: 2,667,823 votes cast (68.025% participation), 100% in favor
  • Public Non-Institutions: 503,070 votes cast (4.1648% participation), 99.9006% in favor (502,570 votes), 0.0994% against (500 votes)

Scrutinizer's Findings and Conclusions

  • The scrutinizer confirmed that the e-voting process was conducted fairly and transparently
  • CDSL provided the e-voting facility and blocked shareholders who had voted remotely from voting again during the EGM
  • The electronic voting data was unblocked and downloaded in the presence of two independent witnesses not employed by the company
  • The scrutinizer concluded that both resolutions passed with the requisite majority as the votes in favor were "three times more than the number of votes cast against"
  • A list of shareholders who voted for/against the resolutions was handed over to the Company Secretary
  • Electronic voting records will remain in the scrutinizer's custody until the chairman approves and signs the meeting minutes

Compliance with Regulations

The company confirmed compliance with:

  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 and relevant rules
  • Companies (Management and Administration) Rules, 2014 (Rule 20(4)(v))
  • SEBI Circular No. 20 dated May 25, 2020

Additional Information

The voting results and scrutinizer's report are available on the company's website at https://www.voepl.com/notices-announcements