Postal Ballot Process Details

The company sought shareholder approval through postal ballot with e-voting facility provided through National Securities Depository Limited (NSDL). The e-voting period commenced on Monday, June 8, 2026 at 9:00 a.m. and ended on Tuesday, July 7, 2026 at 5:00 p.m.

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013 read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI Listing Regulations, and various MCA circulars including Circular No. 03/2025 dated September 22, 2025.

Resolutions Subject to Voting

Three resolutions were put to vote:

1. Ordinary Resolution: Appointment of Mr. Vinay Madhukar Nayak (DIN: 08494834) as a Non-executive Non-Independent Director of the Company

2. Special Resolution: Re-Appointment of Mr. Sudhir Mehta (DIN: 02215452) as a Managing Director for a period of 5 years

3. Special Resolution: Re-Appointment of Ms. Shivangi Datta (DIN: 09262501) as a Director and approval of term as Non-Executive Independent Women Director of the Company

Scrutinizer Appointment

Ms. Neeta H. Desai (Membership No. 3262, COP No. 4741) of M/s ND & Associates, Practising Company Secretaries, was appointed as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Shareholder Data

  • Total number of shareholders on record date: 3,124
  • No shareholders were present in person or through proxy (not applicable for postal ballot)
  • No shareholders attended through video conferencing (not applicable)

Voting Results

Based on the scrutinizer's report, the voting results are as follows:

Resolution 1 - Appointment of Mr. Vinay Madhukar Nayak:

  • Total votes polled: 30,874,407
  • Votes in favor: 30,874,397 (100%)
  • Votes against: 10 (0%)

Resolution 2 - Re-Appointment of Mr. Sudhir Mehta as Managing Director:

  • Total votes polled: 663,859
  • Votes in favor: 663,849 (99.9985%)
  • Votes against: 10 (0.0015%)

Resolution 3 - Re-Appointment of Ms. Shivangi Datta:

  • Total votes polled: 30,874,407
  • Votes in favor: 30,874,397 (100%)
  • Votes against: 10 (0%)

Result Declaration

The scrutinizer declared that all three resolutions have been passed with requisite majority. Since 100% of total votes polled were in favor of Resolutions 1 and 3, and 99.9985% in favor of Resolution 2, the resolutions are declared carried as Ordinary Resolution and Special Resolutions respectively.

Financial Impact

No financial impact quantified in the disclosure.

Effective Date

The resolutions are deemed to have been duly passed on the last date specified for remote e-voting, which is July 7, 2026.