Key Quantitative Figures
- Total Shareholders on Record Date: 102
- Total Outstanding Shares: 49,772,500
- Promoter & Promoter Group Holdings: 32,382,249 shares (65.06%)
- Public Non-Institutional Holdings: 17,390,251 shares (34.94%)
- Total Votes Polled (across all resolutions): 5,595,401 to 37,977,650 shares, representing 11.242% to 76.3025% of outstanding shares
- Invalid Votes (for conflicted resolutions): 32,382,249 promoter shares
Dates of Action
- Record Date: 17th April 2026
- Postal Ballot Notice Date: 18th April 2026
- E-voting Period: 25th April 2026 (9:00 AM IST) to 24th May 2026 (5:00 PM IST)
- Scrutinizer Report Date: 25th May 2026
- Board Meeting Date for Scrutinizer Appointment: 18th April 2026
Parties Involved
- Stock Exchange: BSE Limited
- Scrutinizer: M/s. Nuren Lodaya & Associates (CS Nuren Nirmal Lodaya, Membership No. 24248)
- E-voting Service Provider: National Securities Depository Limited (NSDL)
- Compliance Officer: Priti Priya Singh, Company Secretary
Resolution Details and Voting Results
Resolution 1: Special Resolution
Description: Appointment of Mr. Ankit Jalan (DIN: 01835733) as Chairman and Managing Director for 3 years effective 27th February 2026
Promoter Interest: Yes
Votes Polled: 5,595,401 shares (11.242% of outstanding)
Votes in Favor: 5,595,401 (100% of votes polled)
Invalid Votes: 32,382,249 promoter shares
Result: PASSED
Resolution 2: Special Resolution
Description: Appointment of Mrs. Prachi Jalan (DIN: 10454972) as Whole-Time Director for 3 years effective 27th February 2026
Promoter Interest: Yes
Votes Polled: 5,595,401 shares (11.242% of outstanding)
Votes in Favor: 5,595,401 (100% of votes polled)
Invalid Votes: 32,382,249 promoter shares
Result: PASSED
Resolution 3: Special Resolution
Description: Appointment of Mr. Daivik Jalan (DIN: 10808174) as Non-Independent Non-Executive Director for 3 years effective 27th February 2026
Promoter Interest: Yes
Votes Polled: 5,595,401 shares (11.242% of outstanding)
Votes in Favor: 5,595,401 (100% of votes polled)
Invalid Votes: 32,382,249 promoter shares
Result: PASSED
Resolution 4: Special Resolution
Description: Appointment of Mrs. Pragati Goel (DIN: 10447667) as Non-Executive Independent Women Director for 5 years effective 27th February 2026
Promoter Interest: No
Votes Polled: 37,977,650 shares (76.3025% of outstanding)
Votes in Favor: 37,977,650 (100% of votes polled)
Invalid Votes: 0
Result: PASSED
Resolution 5: Special Resolution
Description: Appointment of Mr. Giri Raj Parashar (DIN: 10491076) as Non-Executive Independent Director for 5 years effective 27th February 2026
Promoter Interest: No
Votes Polled: 37,977,650 shares (76.3025% of outstanding)
Votes in Favor: 37,977,650 (100% of votes polled)
Invalid Votes: 0
Result: PASSED
Resolution 6: Special Resolution
Description: Appointment of Mr. Shivam Gupta (DIN: 07690975) as Non-Executive Independent Director for 5 years effective 27th February 2026
Promoter Interest: No
Votes Polled: 37,977,650 shares (76.3025% of outstanding)
Votes in Favor: 37,977,650 (100% of votes polled)
Invalid Votes: 0
Result: PASSED
Resolution 7: Special Resolution
Description: Approval under Section 185 of Companies Act, 2013 for advancing loans, giving guarantees, or providing security and authorization to Directors
Promoter Interest: Yes
Votes Polled: 5,595,401 shares (11.242% of outstanding)
Votes in Favor: 5,595,401 (100% of votes polled)
Invalid Votes: 32,382,249 promoter shares
Result: PASSED
Resolution 8: Ordinary Resolution
Description: Approval for Material Related Party Transaction with Tandhan Polyplast Limited under Regulation 23 of SEBI LODR and Section 188 of Companies Act, 2013
Promoter Interest: Yes
Votes Polled: 5,595,401 shares (11.242% of outstanding)
Votes in Favor: 5,595,401 (100% of votes polled)
Invalid Votes: 32,382,249 promoter shares
Result: PASSED
Resolution 9: Special Resolution
Description: Approval of revised certificate issued by Practicing Chartered Accountant under Regulation 45(3) of Listing Regulations confirming compliance with Regulation 45(1)
Promoter Interest: No
Votes Polled: 37,977,650 shares (76.3025% of outstanding)
Votes in Favor: 37,977,650 (100% of votes polled)
Invalid Votes: 0
Result: PASSED
Process Details
The postal ballot was conducted entirely through remote e-voting via NSDL's platform. No physical ballot forms were sent. The scrutinizer was appointed by the Board on 18th April 2026 and submitted the final report on 25th May 2026. All voting records were handed over to the Company Secretary for safekeeping.
Financial Impact
Financial impact not quantified in the disclosure.