Key Event

Shareholder rejection of an ordinary resolution regarding related party remuneration payment to Mrs. Puja Poddar, President-HR and administration.

Voting Results Details

Resolution Specifics

  • Item Number: 1
  • Resolution Type: Ordinary Resolution
  • Agenda: Approval of related party transaction for payment of remuneration to Mrs. Puja Poddar, President-HR and administration, senior management personnel, for holding an office or place of profit in the company
  • Promoter Interest: Promoter/promoter group were interested in the resolution
  • Result: Not passed

Voting Statistics

  • Total Shareholders on Record Date (July 31, 2026): 38,509
  • Total Shares Outstanding: 4,34,52,600
  • Total Votes Polled: 26,18,528 shares (6.03% of outstanding shares)
  • Votes in Favor: 9,70,571 shares (37.07% of votes polled)
  • Votes Against: 16,47,957 shares (62.93% of votes polled)

Category-wise Voting Breakdown

Promoter and Promoter Group:

  • Shares Held: 2,55,38,433 (58.78% of total shares)
  • Votes Polled: 0 shares (0.00%)
  • Votes in Favor: 0
  • Votes Against: 0

Public Institutions:

  • Shares Held: 35,09,258
  • Votes Polled: 21,20,799 shares (60.43% of category holdings)
  • Votes in Favor: 4,81,209 shares (22.69% of category votes polled)
  • Votes Against: 16,39,590 shares (77.31% of category votes polled)

Public Non-Institutions:

  • Shares Held: 1,44,04,909
  • Votes Polled: 4,97,729 shares (3.46% of category holdings)
  • Votes in Favor: 4,89,362 shares (98.32% of category votes polled)
  • Votes Against: 8,367 shares (1.68% of category votes polled)

Invalid Votes

  • No invalid votes were reported across all categories (Promoter and Promoter Group, Public Institutions, Public Non-Institutions)

Scrutinizer Details

  • Name: Manoj Maheshwari
  • Firm: V. M. & Associates
  • Qualification: CS
  • Membership Number: 3355
  • Appointment Date: July 23, 2026 (via circular resolution)
  • Report Issuance Date: September 07, 2026

Postal Ballot Process Details

  • Service Provider: Central Depository Services (India) Limited (CDSL)
  • Registrar and Share Transfer Agent: Beetal Financial and Computer Services Private Limited
  • Record Date: July 31, 2026
  • Notice Dispatch Date: August 07, 2026 (via email to 36,893 shareholders)
  • Advertisement Published: August 08, 2026 in Financial Express (English) and Nafa Nuksan (Vernacular)
  • Voting Period: August 08, 2026 (9:00 AM) to September 06, 2026 (5:00 PM)
  • Voting Method: Remote e-voting exclusively (no postal ballot forms received)

Outcome Declaration

The scrutinizer confirmed that the ordinary resolution set out at Item No. 1 in the notice of postal ballot dated July 23, 2026 has not been passed by the shareholders of the Company, as the votes cast in favor (37.07%) were below the required majority threshold.