V.B. Desai Financial Services Limited

Voting Process Details

The company appointed Mr. Amosh Archapelli, FCS of M/s. Amosh Archapelli & Associates, Company Secretaries, as Scrutinizer to conduct the remote e-voting and e-voting at the AGM. Remote e-voting was conducted from September 14, 2026 (9:00 AM) to September 16, 2026 (5:00 PM). The e-voting facility at the AGM was disabled at the conclusion of the meeting at 11:52 AM on September 17, 2026. The scrutinizer unblocked the votes on September 17, 2026 at 12:05 PM in the presence of witnesses Mr. Obuli Narasimhan and Mr. Anil B Kamble.

Resolution Results

All five resolutions set out in the Notice dated August 17, 2026 were duly passed by shareholders with requisite majority:

Resolution No. 1: Ordinary Resolution - Adoption of Audited Financial Statements for year ended March 31, 2026 with Reports of Board of Directors and Auditors

  • Total votes cast: 2,122,419 (46.87% of outstanding shares)
  • Votes in favor: 2,122,407 (100.00% of votes polled)
  • Votes against: 12 (0% of votes polled)
  • 123 members voted through electronic means

Resolution No. 2: Ordinary Resolution - Reappointment of Mr. Manoj T. Shrodff (DIN 0330560) who retires by rotation

  • Total votes cast: 275,864 (6.09% of outstanding shares)
  • Votes in favor: 275,852 (100.00% of votes polled)
  • Votes against: 12 (0% of votes polled)
  • 104 members voted through electronic means
  • Promoter/promoter group was interested in this resolution

Resolution No. 3: Special Resolution - Reappointment of Mr. Hemendra J. Shroff (DIN 00286509) as Executive Director cum Chief Financial Officer for 5 years

  • Total votes cast: 275,864 (6.09% of outstanding shares)
  • Votes in favor: 275,852 (100.00% of votes polled)
  • Votes against: 12 (100.00% of votes against)
  • 104 members voted through electronic means
  • Promoter/promoter group was interested in this resolution

Resolution No. 4: Ordinary Resolution - Appointment of Mr. Suraj R. Vishwakarma (DIN 07661216) as Non-executive Independent Director for 5 years

  • Total votes cast: 2,122,431 (46.87% of outstanding shares)
  • Votes in favor: 2,122,419 (100.00% of votes polled)
  • Votes against: 12 (0% of votes polled)
  • 123 members voted through electronic means
  • Promoter/promoter group was not interested in this resolution

Resolution No. 5: Special Resolution - Approval of Related Party Transactions

  • Total votes cast: 275,864 (6.09% of outstanding shares)
  • Votes in favor: 275,852 (100.00% of votes polled)
  • Votes against: 12 (0% of votes polled)
  • 104 members voted through electronic means
  • Promoter/promoter group was interested in this resolution

Shareholding Structure

Total outstanding shares: 4,527,890

  • Promoter & Promoter Group: 1,913,765 shares (42.27%)
  • Public Institutions: 42,600 shares (0.94%)
  • Public Non-Institutions: 2,571,525 shares (56.79%)