Meeting Details

The company conducted postal ballot through e-voting without a physical meeting. The voting period was from October 02, 2026 at 9:00 a.m. (IST) to October 31, 2026 at 5:00 p.m. (IST). Record date was set as September 25, 2026, with 34,496 shareholders on record date.

Proposed Resolutions and Implications

Three special resolutions were proposed:

1. Appointment of Ms. Priyanka Sinha (DIN: 06379983) as Non-Executive Independent Director for the first term of two consecutive years

2. Appointment of Mr. Rahul Arun Shetty (DIN: 08733159) as Non-Executive Independent Director for the first term of two consecutive years

3. Approval for issue of Optionally Convertible Debentures on a preferential basis by way of private placement

Promoters/promoter group were not interested in any of the resolutions.

Voting Process and Methods

The voting was conducted entirely through remote e-voting via the National Securities Depository Limited (NSDL) platform. No physical polling or postal ballot forms were used.

Key Voting Outcomes

Resolution 1: Appointment of Priyanka Sinha

  • Total votes cast: 26,196,078 shares (51.3806% of outstanding shares)
  • In favor: 26,193,306 shares (99.9894%)
  • Against: 2,772 shares (0.0106%)
  • Promoter group: 18,891,833 shares voted 100% in favor
  • Public institutions: 185,458 shares voted 100% in favor
  • Public non-institutions: 7,118,787 shares voted 99.9611% in favor (0.0389% against)
  • Result: PASSED

Resolution 2: Appointment of Rahul Shetty

  • Total votes cast: 26,196,078 shares (51.3806% of outstanding shares)
  • In favor: 26,194,043 shares (99.9922%)
  • Against: 2,035 shares (0.0078%)
  • Promoter group: 18,891,833 shares voted 100% in favor
  • Public institutions: 185,458 shares voted 100% in favor
  • Public non-institutions: 7,118,787 shares voted 99.9714% in favor (0.0286% against)
  • Result: PASSED

Resolution 3: Preferential Issue of OCDs

  • Total votes cast: 26,196,578 shares (51.3816% of outstanding shares)
  • In favor: 26,002,026 shares (99.2573%)
  • Against: 194,552 shares (0.7427%)
  • Promoter group: 18,891,833 shares voted 100% in favor
  • Public institutions: 185,458 shares voted 100% AGAINST the resolution
  • Public non-institutions: 7,119,287 shares voted 99.8723% in favor (0.1277% against)
  • Result: PASSED

Participation Breakdown by Shareholder Category

Total outstanding shares: 50,984,383

  • Promoter and Promoter Group: 18,891,833 shares (37.06%)
  • Public Institutions: 1,163,345 shares (2.28%)
  • Public Non-Institutions: 30,929,205 shares (60.66%)

Scrutinizer's Role and Findings

Mr. Harshad Ashok Pusalkar from M/s. Pusalkar & Co., Practising Company Secretary (Membership No. F10576) was appointed as Scrutinizer. Key findings:

  • E-voting commenced on October 02, 2026 at 9:00 a.m. and ended on October 31, 2026 at 5:00 p.m.
  • Results were unblocked and downloaded on November 02, 2026 at 12:17 p.m. in the presence of two witnesses
  • Zero invalid votes across all resolutions
  • All three resolutions passed with requisite majority
  • Electronic data and records remain in Scrutinizer's safe custody until minutes are approved

Compliance Confirmation

The process complied with:

  • Section 110 and 108 of Companies Act, 2013
  • Rule 22 and 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI LODR Regulations
  • MCA General Circulars including 14/2020, 17/2020, 09/2024, and 03/2025