Key Quantitative Figures & Dates

  • Record Date: 22nd May 2026
  • Total Shareholders on Record Date: 40,924
  • Total Paid-up Equity Share Capital: 191,660,078 shares
  • Remote E-voting Period: Commenced on Friday, 29th May 2026 at 9:00 a.m. (IST) and concluded on Saturday, 27th June 2026 at 5:00 p.m. (IST).
  • Scrutinizer's Report Date: 29th June 2026
  • Board Meeting Date for Scrutinizer Appointment: 23rd May 2026

Parties Involved

  • Scrutinizer: Tapan Shah, Company Secretary (Membership No.: 4476, CP No.: 2839)
  • Voting Agency: Central Depository Services (India) Limited (CDSL)
  • Witnesses to Vote Unblocking: Ms. Saniya Vadavariya and Ms. Sakshi Chechani
  • Company Representatives: Harshil Shah (Company Secretary & Compliance Officer), Chintan Navnitlal Parikh (Chairman)
  • Director Appointed: Mr. Malay Jayendra Dalal (DIN:01896746)
  • Related Parties: Saumya Construction Private Limited and Ashima Capital Management Limited (a wholly owned subsidiary of Ashima Limited)

Purpose & Resolutions

The purpose of the postal ballot was to seek shareholder approval for two resolutions:

1. A Special Resolution to approve the appointment of Mr. Malay Jayendra Dalal as an Independent Director.

2. An Ordinary Resolution to approve a related party transaction between Saumya Construction Private Limited and Ashima Capital Management Limited.

Detailed Voting Results

Resolution 1: Appointment of Independent Director (Special Resolution)

| Category | Shares Held | Votes Polled | % Votes Polled | Votes In Favor | Votes Against | % In Favor | % Against |

| Promoter & Promoter Group | 140,842,835 | 140,842,835 | 100% | 140,842,835 | 0 | 100% | 0% |

| Public - Institutions | 279,539 | 0 | 0% | 0 | 0 | 0% | 0% |

| Public - Non Institutions | 50,537,704 | 944,923 | 1.87% | 860,281 | 84,642 | 91.04% | 8.96% |

| TOTAL | 191,660,078 | 141,787,758 | 73.98% | 141,703,116 | 84,642 | 99.94% | 0.06% |

Result: The resolution was passed.

Resolution 2: Related Party Transaction (Ordinary Resolution)

Promoter and Promoter Group votes were deemed invalid as they were interested parties.

| Category | Shares Held | Votes Polled | % Votes Polled | Votes In Favor | Votes Against | % In Favor | % Against |

| Promoter & Promoter Group | 140,842,835 | 0 (Invalid) | 0% | 0 | 0 | 0% | 0% |

| Public - Institutions | 279,539 | 0 | 0% | 0 | 0 | 0% | 0% |

| Public - Non Institutions | 50,537,704 | 816,547 | 1.62% | 810,922 | 5,625 | 99.31% | 0.69% |

| TOTAL | 191,660,078 | 816,547 | 0.43% | 810,922 | 5,625 | 99.31% | 0.69% |

Invalid Votes: A total of 140,971,211 shares (140,842,835 from Promoters + 128,376 from 'Relatives of Directors/Promoters') were considered invalid for this resolution.

Result: The resolution was passed.

Scrutinizer's Report & Process

  • The scrutinizer, Tapan Shah, verified the e-voting process provided by CDSL.
  • The notice for the postal ballot was dispatched only electronically on 27th May 2026.
  • An advertisement was published in the "Western Times" (English and Gujarati) on 28th May 2026.
  • The votes were unblocked after the e-voting concluded, witnessed by two independent witnesses.
  • The scrutinizer confirmed both resolutions were passed with the requisite majority.