VSF Projects Limited has disclosed the results of a postal ballot process conducted via remote electronic voting (e-voting) only. The voting was undertaken to seek shareholder approval for four special business items detailed in a notice dated May 25, 2026.
The remote e-voting period commenced on Tuesday, June 16, 2026, at 09:00 AM IST and concluded on Wednesday, July 15, 2026, at 05:00 PM IST. The cut-off date for determining shareholder eligibility to vote was Friday, June 12, 2026. The company availed the e-voting facility offered by CDSL.
Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013, all four resolutions were passed with the requisite majority on July 15, 2026.
The scrutinizer for the process was Mohit Gurjar, Partner of M/s. P. S. Rao & Associates, Practicing Company Secretaries. His report, dated July 17, 2026, was prepared pursuant to Sections 108 and 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014.
Details of Resolutions and Voting Results
The following four Ordinary Resolutions were proposed for shareholder approval:
1. Resolution 1: To approve an increase in the Authorized Share Capital and consequential alteration of the Capital Clause of the Memorandum of Association of the Company.
- Total Valid Votes: 8,043,155
- Votes in Favor: 7,933,211 (98.63% of valid votes)
- Votes Against: 109,944
- Total Ballots Received: 55 (All Electronic)
2. Resolution 2: Approval of Related Party Transaction with Narayana Murthy Bobba, Promoter and Executive Director of the company.
- Total Valid Votes: 3,968,450
- Votes in Favor: 3,858,506 (97.23% of valid votes)
- Votes Against: 109,945
- Total Ballots Received: 44 (All Electronic)
3. Resolution 3: Approval of Related Party Transaction with Vijaya Lakshmi Bobba, Promoter and Executive Director of the company.
- Total Valid Votes: 3,968,450
- Votes in Favor: 3,858,506 (97.23% of valid votes)
- Votes Against: 109,944
- Total Ballots Received: 44 (All Electronic)
4. Resolution 4: Approval of Related Party Transaction with Lakshminarasimha Bobba Chowdary, Promoter and Executive Director of the company.
- Total Valid Votes: 3,968,450
- Votes in Favor: 3,858,506 (97.23% of valid votes)
- Votes Against: 109,945
- Total Ballots Received: 44 (All Electronic)
Process and Compliance
The notice dated May 25, 2026, along with the explanatory statement, was sent to shareholders via email only on Monday, June 15, 2026. A public notice was also published in the Financial Express (English) and Prajasakthi (Telugu) on the same date.
The scrutinizer confirmed that the process was conducted in a fair and transparent manner in compliance with the Companies Act, 2013, SEBI Listing Regulations (Regulation 44), the Secretarial Standard on General Meetings (SS-2), and various MCA circulars issued between 2020 and 2025 concerning e-voting and general meetings.
The votes cast were unblocked in the presence of two witnesses not employed by the company after the e-voting period ended. The scrutinizer has maintained all registers and records related to the votes cast and will hand them over to the company.