Haleos Labs Shareholders Reject Executive Pay Resolution

Haleos Labs Limited Postal Ballot Results Disclosure

Trading Symbol: HALEOSLABS

Postal Ballot Process Details

• Notice Date: Postal Ballot Notice dated May 29, 2026
• Voting Period: July 30, 2026 (9:00 AM) to August 28, 2026 (5:00 PM)
• Cut-off Date: July 24, 2026 (for determining shareholder eligibility)
• Voting Method: Electronic voting (e-voting) only through Central Depository Services Limited (CDSL)
• Scrutinizer: Mr. C. Sudhir Babu, Practicing Company Secretary of CSB Associates, Hyderabad

Resolution Outcomes

Resolution 1: Special Resolution

Approval for reappointment of Mrs. Sudeepthi Gopineedi as Whole-time Director for a further period of 5 years

Result: PASSED with requisite majority

Voting Details:

• Votes in favor: 117,023 (99.99% of valid votes)
• Votes against: 15 (0.01% of valid votes)
• Invalid votes: 483,612 from 9 members (promoter group)

Resolution 2: Special Resolution

Approval for payment of managerial remuneration to Executive Directors pursuant to Regulation 17(6)(e) of SEBI LODR Regulations, 2015

Result: NOT APPROVED (failed to receive requisite majority)

Voting Details:

• Votes in favor: 107,148 (17.84% of valid votes)
• Votes against: Not quantified in scrutinizer's report
• Invalid votes: None

Resolution 3: Ordinary Resolution

Approval of Material Related Party Transactions of the company for the year 2026-27

Result: PASSED with requisite majority

Voting Details:

• Votes in favor: 117,023 (99.99% of valid votes)
• Votes against: 15 (0.01% of valid votes)
• Invalid votes: 483,612 from 9 members (promoter group)

Resolution 4: Ordinary Resolution

Approval of Material Related Party Transactions of the Material Subsidiary of the Company for the year 2026-27

Result: PASSED with requisite majority

Voting Details:

• Votes in favor: 117,022 (99.99% of valid votes)
• Votes against: 16 (0.01% of valid votes)
• Invalid votes: 483,612 from 9 members (promoter group)

Shareholding and Voting Participation

• Total Share Capital: 30,23,287 shares
• Total Votes Polled: 1,17,038 votes (3.8712% of total share capital)
• Promoter & Promoter Group: 21,79,976 shares (0 votes cast as valid)
• Public Institutions: 9,465 shares (100% participation, 100% in favor of all resolutions)
• Public Non-Institutions: 8,33,846 shares (12.9008% participation)

Additional Information

• The passed resolutions (1, 3, and 4) are deemed to have been passed on August 28, 2026 (last date of postal ballot)
• Results have been uploaded on the company's website (www.haleoslabs.com) and CDSL website (www.cdslindia.com)
• The scrutinizer's report and voting results are maintained as per regulatory requirements
• Public notices were published in Business Standard (English Daily) and Telugu Prabha (Telugu Daily) on July 30, 2026

Financial Impact

Financial impact not quantified in the disclosure. The rejection of Resolution 2 means managerial remuneration to executive directors cannot be paid as proposed without shareholder approval.