Meeting Details

  • Type of Meeting: Postal Ballot with Remote e-Voting
  • Cut-off Date: Friday, August 21, 2026
  • Voting Period: Friday, August 28, 2026 at 9:00 a.m. (IST) to Saturday, September 26, 2026 at 5:00 P.M. (IST)
  • Conclusion Date: Saturday, September 26, 2026 at 5:00 P.M. (IST)
  • Total Number of Shareholders on Record Date: 111,897

Proposed Resolutions and Implications

The postal ballot contained 17 resolutions covering various corporate actions:

Special Resolutions (1-7):

1. Approval to advance any loan/give guarantee/provide security under Section 185 of Companies Act, 2013

2. Authorization for making loans, giving guarantees and making investments in other bodies corporate under Section 186

3. Approval for increasing borrowing limit under Section 180(1)(c)

4. Approval for creation of mortgage or charge on assets under Section 180(1)(a)

5. Appointment of Mr. Mahendra Shukla (DIN: 09461897) as Whole-Time Director, Executive Director

6. Appointment, payment of remuneration of Mr. Viral Mukund Shah (DIN: 00014182) as Executive Director (Promoters interested)

7. Appointment of Mr. Sajjankumar Nanwal (DIN: 01723254) as Independent Director

Ordinary Resolutions (8-17) - Material Related Party Transactions:

8. With Shah Agrocorp Private Limited (Promoters interested)

9. With Ms. Mona Viral Shah (Promoter and Director) (Promoters interested)

10. With Metcorp Trading L.L.C

11. With Western Urja Private Limited (Promoters interested)

12. With General Capital and Holding Company Private Limited (Promoters interested)

13. With Gyscoal Enterprise Private Limited (Promoters interested)

14. With Long View Financial Services Private Limited (Promoters interested)

15. With Sampati Securities Limited (Promoters interested)

16. With Shah Metacorp Holding USA INC (Promoters interested)

17. With Strike Eco Grid Private Limited

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL). No physical postal ballot forms were issued or accepted. The e-voting module was disabled immediately after the voting period concluded.

Key Voting Outcomes

Overall Participation:

  • Total Outstanding Shares: 982,374,228
  • Total Votes Polled: 711,787,501 shares (72.46% participation)
  • Total Votes in Favor: 711,747,344 shares (99.9944% of votes polled)
  • Total Votes Against: 40,157 shares (0.0056% of votes polled)

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares Held: 289,665,826
  • Votes Polled: 289,173,824 shares (99.83% participation)
  • Votes in Favor: 289,173,824 shares (100% of votes polled)
  • Votes Against: 0 shares (0% of votes polled)

Public Institutions:

  • Shares Held: 0
  • Votes Polled: 0 shares
  • Votes in Favor: 0 shares
  • Votes Against: 0 shares

Public Non-Institutions:

  • Shares Held: 692,708,402
  • Votes Polled: 422,613,677 shares (61.01% participation)
  • Votes in Favor: 422,573,520 shares (99.9905% of votes polled)
  • Votes Against: 40,157 shares (0.0095% of votes polled)

Resolution-wise Detailed Results:

All 17 resolutions were passed with requisite majority. The special resolutions required 75% approval, while ordinary resolutions required simple majority. All resolutions received between 99.9855% to 100% approval from voting shareholders.

Scrutinizer's Role and Findings

Mr. Mehul Raval, Proprietor of M/s. Mehul Raval & Associates, Practicing Company Secretary (Certificate of Practice No. 10500, Membership No. 28155) was appointed as Scrutinizer by the Board of Directors at their meeting held on July 16, 2026.

Key Findings from Scrutinizer's Report dated September 28, 2026:

  • The remote e-voting process was conducted fairly and transparently
  • No physical postal ballot forms were issued or accepted
  • The e-voting module was disabled immediately after the voting period
  • No complaints or grievances were received regarding the voting process
  • For Resolution 17, 220,296,118 votes were considered invalid and excluded from results (cast by Mrs. Mona Viral Shah and Sampati Securities Limited, both belonging to Promoter and Promoter Group)
  • All resolutions passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars 14/2020, 17/2020 and 03/2025
  • Secretarial Standard on General Meetings (SS-2)

Additional Information

The voting results and scrutinizer's report have been uploaded to:

  • National Stock Exchange of India Limited (NSE): www.nseindia.com
  • BSE Limited: www.bseindia.com
  • Company website: www.shahmetacorp.com
  • NSDL website: www.evoting.nsdl.com
  • Registered Office of the Company

Company Details:

NSE Symbol: SHAH