Windsor Machines Limited has disclosed the voting results of a postal ballot conducted through remote e-voting facility provided by Central Depository Services (India) Limited (CDSL). The postal ballot contained three special resolutions that were approved by the Board of Directors at their meeting held on May 09, 2026, subject to shareholder approval.

Key Resolutions and Voting Results

Resolution 1: Sale of Immovable Property

  • Special resolution to sell, transfer, convey, assign or otherwise dispose of the company's industrial plots along with building construction and fixed assets located at Plots No. E-6 and E-6(A), Wagale (Thane) Industrial Area, Maharashtra
  • Property details: Industrial plots admeasuring approximately 21,912 square meters in Wagale Thane Industrial Area, Village Panchpakhadi, Taluka and District Thane, Maharashtra
  • Under Section 180(1)(a) of the Companies Act, 2013
  • Total votes polled: 4,80,84,454 shares (54.752% of outstanding shares)
  • Votes in favor: 4,80,61,077 shares (99.951% of votes polled)
  • Votes against: 23,377 shares (0.049% of votes polled)
  • Resolution passed with requisite majority

Resolution 2: Increase in Managerial Remuneration

  • Special resolution to approve increase in limit of managerial remuneration payable to Mr. Vinay Bansod (DIN: 09168450), Whole Time Director and Chief Executive Officer
  • Total votes polled: 4,80,84,454 shares (54.752% of outstanding shares)
  • Votes in favor: 4,80,82,929 shares (99.997% of votes polled)
  • Votes against: 1,525 shares (0.003% of votes polled)
  • Resolution passed with requisite majority

Resolution 3: Appointment of Executive Director

  • Special resolution to approve appointment of Mr. Dharmendra Becharbhai Varasada (DIN: 09176580) as Executive Director for 3 consecutive years
  • Total votes polled: 4,61,29,802 shares (52.5264% of outstanding shares)
  • Votes in favor: 4,61,28,383 shares (99.997% of votes polled)
  • Votes against: 1,419 shares (0.003% of votes polled)
  • Invalid or abstained votes: 19,54,652 shares (4.065% of votes cast)
  • Resolution passed with requisite majority

Voting Process Details

  • Record date: May 22, 2026
  • Total number of shareholders on record date: 19,955
  • Remote e-voting period: May 29, 2026 (9:00 AM IST) to June 27, 2026 (5:00 PM IST)
  • Scrutinizer: Ms. Rama Subramanian, Company Secretary in Practice (ACS-15923 and CP No: 10964)
  • Date of scrutinizer's report: June 29, 2026
  • All resolutions deemed passed on June 27, 2026 (last date of remote e-voting period)

Shareholding Pattern and Participation

  • Total outstanding shares: 8,78,22,201
  • Promoter and Promoter Group holding: 4,02,14,652 shares (45.81%)
  • Public Institutions holding: 27,82,950 shares (3.17%)
  • Public Non-Institutions holding: 4,48,24,599 shares (51.02%)
  • Total shares voted: 4,80,84,454 shares (54.752% of total outstanding)
  • Number of members participating: 60

Additional Information

  • The voting results and scrutinizer's report are available on the company's website at www.windsormachines.com
  • Notice was published in Financial Express (English) and Financial Express (Gujarati) newspapers on May 29, 2026
  • The company's RTA is MUFG Intime India Private Limited
  • The scrutinizer's report confirms all resolutions passed with requisite majority