Meeting Details

The approval was sought through a postal ballot notice dated May 29, 2026, with no physical meeting convened. The remote e-voting process was the sole method for obtaining shareholder approval.

Proposed Resolution and Implications

The single resolution proposed was: "To Approve Material Related Party Transaction with Hypervault AI Data Center Limited." This was classified as an Ordinary Resolution. The promoters/promoter group were interested parties in this resolution, as indicated by the "YES" marking for promoter interest.

Voting Process and Methods

The remote e-voting process was conducted exclusively through electronic means provided by Central Depository Services (India) Limited (CDSL) at https://www.evotingindia.com/. The voting period commenced on Sunday, May 31, 2026, at 9:00 AM IST and concluded on Monday, June 29, 2026, at 5:00 PM IST.

Key Voting Outcomes

Overall Results:

  • Total outstanding shares: 285,000,000
  • Total votes cast: 5,761,794
  • Percentage of votes polled on outstanding shares: 2.0217%
  • Votes in favor: 5,732,628 (99.4938% of votes polled)
  • Votes against: 29,166 (0.5062% of votes polled)
  • Invalid votes: 0

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 145,696,885
  • Votes polled: 0 (0.0000% participation)
  • Votes in favor: 0
  • Votes against: 0

Public Institutions:

  • Shares held: 4,493,872
  • Votes polled: 3,067,842 (68.2672% participation)
  • Votes in favor: 3,065,666 (99.9291% of votes polled)
  • Votes against: 2,176 (0.0709% of votes polled)

Public Non-Institutions:

  • Shares held: 134,809,243
  • Votes polled: 2,693,952 (1.9983% participation)
  • Votes in favor: 2,666,962 (98.9981% of votes polled)
  • Votes against: 26,990 (1.0019% of votes polled)

Scrutinizer's Detailed Report:

  • Number of members who voted through remote e-votes: 586
  • Members assenting: 519 (representing 5,732,628 votes)
  • Members dissenting: 67 (representing 29,166 votes)
  • Percentage assent: 99.49%
  • Percentage dissent: 0.51%
  • Invalid votes: 0 members, 0 votes
  • Abstained votes: 0 members, 0 votes

The Scrutinizer concluded that the resolution was passed with requisite majority.

Scrutinizer's Role and Findings

Maghisuddin of M & Co., Practicing Company Secretaries (Membership No. A51216 and COP 27850), was appointed as Scrutinizer. His role was to conduct the postal ballot through electronic voting process in accordance with Sections 108 and 110 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, MCA Circulars, and SEBI LODR Regulations. The Scrutinizer maintained an electronic register recording member particulars and voting details, confirming no shares with differential voting rights exist in the company.

Compliance Confirmation

The process complied with Sections 108 and 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, MCA Circulars including General Circular No. 03/2025 dated September 22, 2025, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Information

The voting results and Scrutinizer's report have been made available on the company's website at www.hpil.co.in as required by regulations.