Meeting Details

  • Type of Meeting: Postal Ballot
  • Last Date for Receipt of Postal Ballot Forms: 05-06-2026
  • Record Date: 01-05-2026
  • Total Number of Shareholders on Record Date: 36,375

Proposed Resolutions and Implications

The postal ballot contained two special resolutions:

1. Resolution 1: To approve the increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

2. Resolution 2: To approve creation of charges on the assets of the company under Section 180(1)(a) of the Companies Act, 2013 to secure the borrowings made/to be made under Section 180(1)(c).

Both resolutions were ordinary business items with no promoter/promoter group interest declared.

Voting Process and Methods

The voting was conducted through:

  • Remote E-voting via NSDL as the authorized agency
  • Voting Period: Commenced on Thursday, May 07, 2026 at 09:00 AM (IST) and ended on Friday, June 05, 2026 at 5:00 PM (IST)
  • Notice Dispatch: The postal ballot notice was sent via email on Wednesday, May 06, 2026 to all members registered as of the cut-off date (May 01, 2026)
  • Advertisement: Published in 'Active Times' (English) and 'Mumbai Lakshdeep' (Marathi) on Thursday, May 07, 2026

Key Voting Outcomes

Resolution 1: Increase in Borrowing Limits

  • Total Votes Cast: 39,349,922 (44.5897% of outstanding shares)
  • Votes in Favor: 39,165,287 (99.5308% of votes polled)
  • Votes Against: 184,635 (0.4692% of votes polled)
  • Result: Passed

Resolution 2: Creation of Charges on Assets

  • Total Votes Cast: 39,349,922 (44.5897% of outstanding shares)
  • Votes in Favor: 39,165,287 (99.5308% of votes polled)
  • Votes Against: 184,635 (0.4692% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown (Both Resolutions Identical)

Promoter and Promoter Group:

  • Shares Held: 35,376,255
  • Votes Polled: 35,376,250 (100% of shares held)
  • Votes in Favor: 100%
  • Votes Against: 0%

Public Institutions:

  • Shares Held: 43,348
  • Votes Polled: 0 (0% of shares held)
  • No votes cast for or against

Public Non-Institutions:

  • Shares Held: 52,829,364
  • Votes Polled: 3,973,672 (7.5217% of shares held)
  • Votes in Favor: 3,789,037 (95.3535% of votes polled)
  • Votes Against: 184,635 (4.6465% of votes polled)

Shareholder Participation

  • Total members who voted: 79 in favor across both resolutions
  • Members voting against: 06 across both resolutions
  • No invalid votes were recorded for either resolution
  • No votes were received through physical ballot forms

Scrutinizer's Role and Findings

  • Scrutinizer Firm: Jaymin Modi & Co. (M/s. Jaymin Modi and Co)
  • Appointment Date: 29-04-2026 by Board resolution
  • Report Issuance Date: 08-06-2026
  • Scrutinizer: CS Jaymin Modi (Membership No. 44248, COP: 16948)
  • The scrutinizer unblocked the e-voting results on June 08, 2026 at 10:55 AM in the presence of two independent witnesses
  • The scrutinizer certified that both resolutions were passed with requisite majority
  • All voting records were handed over to company management

Compliance with Regulations

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 (Sections 108, 110, 180)
  • Companies (Management and Administration) Rules, 2014 (Rules 20, 22)
  • MCA circulars regarding e-voting during COVID-19
  • Secretarial Standard on General Meetings (SS-2)