Meeting Details

The postal ballot was conducted via remote e-voting without a physical meeting. The e-voting commenced on Tuesday, July 14, 2026 at 9:00 AM IST and concluded on Wednesday, August 12, 2026 at 5:00 PM IST. The record date for determining eligible shareholders was Friday, July 3, 2026.

Proposed Resolution and Implications

The single special resolution sought approval for "Raising of Funds by way of issuance of securities in one or more tranches through permissible modes" including Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs) with conversion rights, and Optionally/Compulsorily Convertible Redeemable Preference Shares (OCPS/CCPS). The promoters/promoter groups were not interested in this resolution.

Voting Process

The voting was conducted exclusively through electronic mode on the designated website https://www.evoting.cdsl.com of Central Depository Services Limited (CDSL). Postal ballot notices were dispatched in electronic mode on July 13, 2026 to all members registered as of the record date.

Key Voting Outcomes

Overall Results

  • Total number of shareholders as on record date: 30,375
  • Total votes cast: 1,77,67,236 shares
  • Percentage of shares polled out of outstanding shares: 72.72%
  • Votes in favor: 1,77,65,991 shares (99.99% of votes polled)
  • Votes against: 1,245 shares (0.01% of votes polled)
  • Number of members who voted: 250

Promoter & Promoter Group Voting

  • Shares held: 1,42,46,536
  • Votes polled: 1,42,46,536 (100% participation)
  • Votes in favor: 100.00%
  • Votes against: 0.00%

Public Institutions Voting

  • Shares held: 19,69,382
  • Votes polled: 15,62,969 (79.36% participation)
  • Votes in favor: 100.00%
  • Votes against: 0.00%

Public Non-Institutions Voting

  • Shares held: 82,17,094
  • Votes polled: 19,57,731 (23.83% participation)
  • Votes in favor: 19,56,486 shares (99.94% of votes polled)
  • Votes against: 1,245 shares (0.06% of votes polled)

Scrutinizer's Role and Findings

M/s. S Dhanapal & Associates LLP, represented by Ramanathan Nachiappan (Designated Partner, M. No.F6665), was appointed as Scrutinizer. The scrutinizer confirmed:

  • All votes cast electronically by the deadline were considered
  • No invalid votes were cast
  • The resolution passed with requisite majority
  • All documents relating to postal ballot will remain in the scrutinizer's custody until minutes are signed and approved by the Chairman

Compliance Confirmation

The process was conducted in compliance with Sections 108 & 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 and Regulations 30 & 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Information

The results have been hosted on the company's website (https://wheelsindia.com) and on CDSL's website (www.evotingindia.com). The company's CIN is L35921TN1960PLC004175 and scrip code is 590073.