Meeting Details

The resolution was passed through a Postal Ballot. The cut-off date for determining shareholders entitled to vote was July 23, 2026. The e-voting period was from Tuesday, July 28, 2026, at 9:00 A.M. to Wednesday, August 26, 2026, at 5:00 P.M. The results were declared on August 28, 2026.

Proposed Resolution and Implications

The single resolution proposed was an Ordinary Resolution for the appointment of Mr. Keyur Parekh (DIN: 10777907) as a Whole-time Director (WTD) of Welspun Living Limited for a period of 5 years, effective from June 01, 2026. The promoters/promoter group were not interested in this resolution.

Voting Process

The voting was conducted entirely through remote e-voting. There was no physical polling or postal ballot submission. The National Securities Depository Limited (NSDL) was the authorized agency engaged to provide the e-voting facilities.

Key Voting Outcomes

Overall Results

  • Total number of shareholders on the record date (July 23, 2026): 219,995
  • Total number of votes cast: 757,587,053
  • Percentage of votes polled on outstanding shares: 80.1889%
  • Total votes in favor of the resolution: 756,800,297 (99.8961% of votes polled)
  • Total votes against the resolution: 786,756 (0.1039% of votes polled)

Category-wise Breakdown

Promoter & Promoter Group

  • Shares held: 626,939,496
  • Votes polled via e-voting: 626,914,466 (99.9960% of shares held)
  • All votes (100.000%) were cast in favor; zero votes were against.

Public - Institutions

  • Shares held: 161,005,302
  • Votes polled via e-voting: 124,295,931 (77.1999% of shares held)
  • Votes in favor: 123,529,304 (99.3832% of votes polled)
  • Votes against: 766,627 (0.6168% of votes polled)

Public - Non-Institutions

  • Shares held: 156,807,716
  • Votes polled via e-voting: 6,376,656 (4.0665% of shares held)
  • Votes in favor: 6,356,527 (99.6843% of votes polled)
  • Votes against: 20,129 (0.3157% of votes polled)

Scrutinizer's Consolidated E-Voting Report

  • Number of members who voted in favor: 865
  • Number of votes cast in favor: 756,800,297 (99.90% of valid votes)
  • Number of members who voted against: 83
  • Number of votes cast against: 786,756 (0.10% of valid votes)
  • Number of invalid votes: NIL (from NIL members)

Scrutinizer's Role and Findings

MNB & Co. LLP, Practicing Company Secretaries, was appointed as the Scrutinizer. Their responsibilities included:

  • Unblocking the electronic votes at the end of the voting period in the presence of two witnesses not employed by the company.
  • Reconciling the e-voting data with records maintained by the Registrar and Transfer Agents and the list of beneficiaries.
  • Scrutinizing all votes to verify those cast in favor and against the resolution.
  • They confirmed all votes cast were valid and reported that the ordinary resolution was passed with the requisite majority.

Compliance Confirmation

The process was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and SEBI LODR Regulations.