Key Event and Resolutions

The company sought shareholder approval via postal ballot for two resolutions:

1. Appointment of Mr. Nitin M. Kantak (DIN: 08029847) as Managing Director and approval of his remuneration (Special Resolution).

2. Appointment of Mr. Pramod Kumar Gupta (DIN: 00064041) as a Non-Executive Non-Independent Director (Ordinary Resolution).

The postal ballot notice was dated June 17, 2026, and the remote e-voting period was from June 24, 2026 (10:00 AM IST) to July 23, 2026 (5:00 PM IST). The record date was fixed as June 19, 2026, on which there were 44,576 shareholders.

Voting Results

Based on the scrutinizer's report by Shivaram Bhat, a Practicing Company Secretary, both resolutions were passed with the requisite majority on July 23, 2026.

Resolution 1 (Special Resolution - Appointment of Mr. Nitin M. Kantak):

  • Total valid votes cast: 278,99,776
  • Votes in favor: 275,57,252 (98.77% of valid votes)
  • Votes against: 3,42,524 (1.23% of valid votes)
  • Number of ballots received in favor: 139
  • Number of ballots received against: 25
  • Invalid votes: 0

Resolution 2 (Ordinary Resolution - Appointment of Mr. Pramod Kumar Gupta):

  • Total valid votes cast: 278,99,776
  • Votes in favor: 278,29,429 (99.75% of valid votes)
  • Votes against: 70,347 (0.25% of valid votes)
  • Number of ballots received in favor: 151
  • Number of ballots received against: 13
  • Invalid votes: 0

Breakdown by Shareholder Category (from attached table)

The total number of shares outstanding was 42,058,006.

For Resolution 2, the overall votes polled were 27,899,776 shares (66.3364% of outstanding shares).

  • Promoter & Promoter Group: Voted 27,424,960 shares (100% of their holding)全部 in favor.
  • Public Institutions: Voted 409,288 shares (38.7623% of their 1,055,893-share holding); 92.3218% in favor, 7.6782% against.
  • Public Non-Institutions: Voted 65,528 shares (0.4826% of their 13,577,153-share holding); 40.6040% in favor, 59.3960% against.

Clarification and Compliance

The July 27th letter states that the initial July 24th submission was missing two pages of the scrutinizer's report. This filing resubmits the complete report for record-keeping purposes. The company clarifies that there is no change in the voting results or the outcome of the resolutions; the filing is solely to provide the complete document. The submission is made pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The scrutinizer confirmed that the postal ballot process was conducted via the CDSL e-voting platform and that all related records are in his safe custody to be handed over to the company secretary.