Ganges Securities Limited disclosed the results of its postal ballot process regarding the approval of material related party transactions. The company appointed Mr. Mohan Ram Goenka, Practicing Company Secretary (FCS No. 4515, CP No. 2551), as the Scrutinizer for the postal ballot process.
The cut-off date for determining shareholder eligibility was Friday, October 9, 2026. The e-voting period commenced on Wednesday, October 14, 2026 at 9:00 a.m. IST and ended on Friday, November 13, 2026 at 5:00 p.m. IST through the NSDL e-voting platform.
According to the Scrutinizer's Report dated November 13, 2026, 59 shareholders participated in the remote e-voting process, casting a total of 1,038,188 votes. The voting results for the ordinary resolution on "Approval of Material Related Party Transactions of the Company" were:
- 49 shareholders voted in favor with 900,572 votes (86.74%)
- 10 shareholders voted against with 137,616 votes (13.26%)
- No invalid or abstained votes
The resolution was deemed passed on November 13, 2026, being the last date of remote e-voting, with requisite majority. The total number of shareholders on record date was 5,601.
The detailed voting breakdown shows:
- Promoter and Promoter Group: Held 6,666,035 shares, cast 0 votes (0.00% participation)
- Public Institutions: Held 4,366 shares, cast 0 votes (0.00% participation)
- Public Non-Institutions: Held 3,333,286 shares, cast 1,038,188 votes (31.15% participation)
- Overall: 10.38% of total outstanding shares (10,003,687 shares) participated in voting
The voting results and Scrutinizer's Report are available on the company's website (www.birla-sugar.com) and NSDL's website (www.evoting.nsdl.com), and displayed at the company's registered office in P.O. Hargaon, Dist Sitapur, Uttar Pradesh, Pin 261121.
The disclosure was made pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant provisions of the Companies Act, 2013.