Meeting Details

The resolution was deemed passed on March 01, 2026, which was the last day of e-voting. The meeting was conducted entirely through remote e-voting without physical attendance. The Postal Ballot Notice was dated January 27, 2026.

Proposed Resolution and Implications

The single ordinary resolution sought "APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS WITH AB COTTON TEXTILES PRIVATE LIMITED". Promoters/promoter group were interested in this resolution. The resolution was required to be passed by ordinary majority.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting via the platform provided by Central Depository Services (India) Limited (CDSL) at www.evotingindia.com. No hard copies of Postal Ballot Notice or Postal Ballot Forms were sent to shareholders in accordance with MCA circulars. The company published advertisements in Financial Express (English) and Nawan Zamana (Punjabi) on January 31, 2026.

Key Voting Outcomes

Overall Results:

  • Total votes cast: 1,64,20,358 shares
  • Percentage of votes polled on outstanding shares: 74.76%
  • Votes in favor: 1,64,20,358 shares (100% of votes polled)
  • Votes against: 0 shares (0% of votes polled)
  • Invalid votes: 0

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 1,15,29,842
  • Votes polled: 1,15,29,842 (100% participation)
  • Votes in favor: 1,15,29,842 (100%)
  • All promoter votes were considered invalid for resolution counting due to related party status

Public Institutions:

  • Shares held: 0
  • Votes polled: 0
  • No participation

Public Non-Institutions:

  • Shares held: 1,04,33,778
  • Votes polled: 48,90,516 (46.87% participation)
  • Votes in favor: 48,90,516 (100% of votes polled)

Valid Votes Calculation:

  • Total votes received by electronic mode: 1,64,20,358
  • Less: Invalid votes (promoter votes): 1,15,29,842
  • Total valid votes: 48,90,516
  • All valid votes (100%) assented to the resolution

Scrutinizer's Role and Findings

Mr. Deepak Gupta, Partner of DR Associates, Company Secretaries, was appointed as scrutinizer. He unlocked and downloaded the voting records from CDSL's website on March 02, 2026, at 02:31 PM in the presence of two witnesses (Priyanka Gupta and Sneha Bansal). The scrutinizer confirmed that the resolution was passed with requisite majority and that all relevant records are retained in safe custody.

Compliance Confirmation

The process complied with Sections 108 and 110 of the Companies Act, 2013 and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, as well as SEBI LODR regulations. The company confirmed that no postal ballot forms were received physically.

Additional Information

The revised results are available on the company's website (www.abcotspin.co.in) and CDSL's website (www.evotingindia.com). The company's CIN is L17111PB1997PLC020118 with registered address at Bathinda Road, Jaitu, Faridkot, Punjab-151202.