Meeting Details

  • Date of Resolution Passing: August 9, 2026
  • Type of Meeting: Postal Ballot (No physical meeting held)
  • Cut-off date for determining voting eligibility: July 3, 2026
  • Total number of shareholders on record date: 22,935

Proposed Resolutions and Implications

The postal ballot sought shareholder consent for two special resolutions:

Resolution 1: To borrow money in excess of paid-up share capital and free reserves of the company under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution)

Resolution 2: To create charge/mortgage/pledge/hypothecation/security on company's assets up to Rs. 1000 crores (Special Resolution)

Both resolutions were approved with requisite majority, enabling the company to raise significant debt financing and secure it against company assets.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL).

  • Voting period: July 11, 2026 (9:00 AM IST) to August 9, 2026 (5:00 PM IST)
  • No physical polling or postal ballot forms were used
  • Notice was sent only in electronic form to all members registered as of July 3, 2026
  • Newspaper advertisements were published in Financial Express (English and Gujarati) on July 11, 2026

Key Voting Outcomes

Resolution 1: Borrowing Authority

Overall Results:

  • Total votes cast: 23,741,565 (69.3286% of outstanding shares)
  • Votes in favor: 23,739,059 (99.9894% of votes polled)
  • Votes against: 2,506 (0.0106% of votes polled)
  • Resolution passed: Yes

Category-wise Breakdown:

  • Promoter and Promoter Group: 23,640,073 shares held, 23,640,763 votes cast (99.9818% turnout), 100% in favor
  • Public Institutions: 1,846,728 shares held, 3,734 votes cast (0.2022% turnout), 100% in favor
  • Public Non-Institutions: 8,753,199 shares held, 97,068 votes cast (1.1089% turnout), 97.4183% in favor, 2.5817% against

Resolution 2: Asset Charge Creation

Overall Results:

  • Total votes cast: 23,738,480 (69.3196% of outstanding shares)
  • Votes in favor: 23,735,914 (99.9892% of votes polled)
  • Votes against: 2,566 (0.0108% of votes polled)
  • Resolution passed: Yes

Category-wise Breakdown:

  • Promoter and Promoter Group: 23,640,073 shares held, 23,640,763 votes cast (99.9818% turnout), 100% in favor
  • Public Institutions: 1,846,728 shares held, 3,734 votes cast (0.2022% turnout), 100% in favor
  • Public Non-Institutions: 8,753,199 shares held, 93,983 votes cast (1.0737% turnout), 97.2697% in favor, 2.7303% against

Invalid Votes: Zero invalid votes across all categories for both resolutions

Scrutinizer's Role and Findings

SCS and Co. LLP was appointed as Scrutinizer to supervise the remote e-voting process. Their key findings:

  • 153 shareholders voted for Resolution 1, 151 for Resolution 2 through NSDL platform
  • The remote e-voting result was unblocked and received from NSDL on August 10, 2026 at 10:11 AM
  • All procedures complied with Companies Act, 2013 and SEBI LODR Regulations
  • The scrutinizer confirmed both resolutions passed with requisite majority

Compliance Confirmation

The company confirmed compliance with:

  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules made thereunder
  • MCA circulars regarding electronic voting and notice dissemination

Additional Information

The voting results and scrutinizer report were uploaded on the company's website (www.ompowertransmission.com) and NSDL's e-voting website (www.evoting.nsdl.com).