Key Event & Regulatory Context

The re-opened e-voting was conducted pursuant to a Corrigendum to the Postal Ballot Notice dated June 26, 2026, issued in response to queries raised by BSE Limited under Regulation 163 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). The voting was exclusively for two amendments to the Explanatory Statement of Item No. 7 (Preferential Issue of shares) from the original Postal Ballot Notice dated April 21, 2026. The underlying resolution for the preferential issue itself was already passed by members on May 21, 2026.

Resolutions Voted On

1. Resolution No. 1 (Special): Amendment to sub-paragraph (g) of the Explanatory Statement to correct a typographical error in the number of equity shares to be allotted to Mr. Dhairyasheel Vasantrao Yadav under the preferential issue. The number was corrected from "4,50,50" to "4,50,500".

2. Resolution No. 2 (Special): Amendment to sub-paragraph (k) of the Explanatory Statement to replace a general statement with a person-wise disclosure of the percentage of post-preferential issue capital that may be held by each of the 196 proposed allottees and details on change in control.

Voting Process Details

  • Voting Period: The re-opened remote e-voting was conducted from Saturday, June 27, 2026, at 09:00 AM IST to Monday, June 29, 2026, at 09:00 AM IST.
  • Platform: The voting was conducted via the instavote e-voting platform of MUFG Intime India Private Limited at https://instavote.linkintime.co.in.
  • Eligibility: All members as of the cut-off date of Friday, April 17, 2026, were entitled to vote, irrespective of whether they had voted during the original e-voting window.
  • Notification: The Corrigendum was dispatched to members via email on June 26, 2026. Advertisements were published in the Financial Express (all English editions) and Loksatta (Pune Marathi edition) on June 27, 2026.

Scrutinizer Appointment

CS Anuj Gupta (M.No. 31025, CP No. 13025), Proprietor of Anuj Gupta & Associates, was appointed as the Scrutinizer by the company's Board of Directors on April 21, 2026, to scrutinize the postal ballot e-voting process.

Voting Results

Both resolutions were passed unanimously with 100% of the votes cast in favor.

  • Total Valid Votes Cast: 553,230 across 13 members (all via e-voting).
  • Votes in Favor (Resolution 1 & 2): 553,230 (100% of valid votes).
  • Votes Against (Resolution 1 & 2): 0.
  • Invalid Votes: 0.
  • Promoter & Promoter Group Voting: For Resolution No. 2, Promoters and Promoter Group were noted as interested parties. Their total shareholding was 4,930,001 shares. They cast 0 votes (For: 0, Against: 0).
  • Public Institutions: Held 0 shares and cast 0 votes.
  • Public Non-Institutions: Held 3,478,971 shares. Cast 553,230 votes, all in favor of both resolutions, representing 100% of their votes and 6.58% of the total share capital (84,08,972 shares).

Effective Date

The resolutions are deemed to have been passed on the last date of the re-opened remote e-voting, i.e., Monday, June 29, 2026.

Attachments Filed

1. Scrutinizer's Report (Annexure-I), prepared in compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

2. Voting Results (Annexure-II), prepared in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.