Meeting Details

The voting was conducted via a postal ballot process with remote e-voting; there was no physical meeting. The cut-off date for determining shareholder eligibility was Friday, June 5, 2026. The remote e-voting period commenced at 9:00 a.m. IST on Wednesday, June 17, 2026, and ended at 5:00 p.m. IST on Thursday, July 16, 2026.

Summary of Proposed Resolutions

Two ordinary resolutions were proposed for shareholder approval:

1. Appointment of Statutory Auditors: To appoint Ms. Singh Mundada and Associates, Chartered Accountants (Firm Registration Number: 122059W), to fill a casual vacancy caused by the resignation of the existing statutory auditors.

2. Regularisation of Director: To regularize the appointment of Mrs. Sharda Ghansham Sikchi (DIN: 11683795) as a Non-Executive Women Director of the company.

Voting Process

The voting was conducted entirely through remote e-voting facilitated by National Securities Depository Limited (NSDL). No physical polling or postal ballot forms were used. The company sent the notice to shareholders via email and published an advertisement in the 'Business Standard' (English) and 'Jalna Nayak' (Marathi) newspapers on June 17, 2026.

Key Voting Outcomes

Resolution 1: Appointment of Statutory Auditors

  • Total Votes Cast: 2,933,132
  • Votes in Favor: 2,927,129 (99.80%)
  • Votes Against: 6,003 (0.20%)
  • Result: Passed with requisite majority.

Category-wise Breakdown for Resolution 1:

  • Promoter & Promoter Group: 1,782,328 votes cast (100% in favor; 0% against).
  • Public Non-Institutions: 1,150,804 votes cast (99.48% in favor; 0.52% against).
  • Public Institutions: 0 votes cast.
  • Total Shareholders as of cut-off date: 7,890.

Resolution 2: Regularisation of Director

  • Total Votes Cast: 2,933,511
  • Votes in Favor: 2,927,508 (99.80%)
  • Votes Against: 6,003 (0.20%)
  • Result: Passed with requisite majority.

Category-wise Breakdown for Resolution 2:

  • Promoter & Promoter Group: 1,782,328 votes cast (100% in favor; 0% against).
  • Public Non-Institutions: 1,151,183 votes cast (99.48% in favor; 0.52% against).
  • Public Institutions: 0 votes cast.

Scrutinizer's Role and Findings

CA Piyush Agrawal (FRN: 116435W) was appointed as the Scrutinizer by the company's Board of Directors on June 11, 2026. His responsibilities included scrutinizing the remote e-voting process in a fair and transparent manner, as per the Companies Act, 2013 and relevant rules. The Scrutinizer's report, dated July 17, 2026, confirms that the e-voting module was disabled by NSDL after the voting period ended. The vote unblocking was witnessed by two independent witnesses, Ms. Harshita Gehi and Mrs. Geeta Mangaramani. The Scrutinizer maintained a register of the votes and concluded that both resolutions were passed based on the data downloaded from the NSDL system.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 110 of the Companies Act, 2013.
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014.
  • Various General Circulars issued by the Ministry of Corporate Affairs (MCA).

The voting results have been made available on the company's website (www.laxmicotspin.com) and the website of NSDL (https://eservices.nsdl.com).