Meeting Details
- Type of Meeting: Postal Ballot/Remote E-voting
- Cut-off Date for Eligibility: Friday, October 30, 2026
- E-voting Start Date: Saturday, November 7, 2026 (9:00 AM IST)
- E-voting End Date: Sunday, December 6, 2026 (5:00 PM IST)
- Results Declaration: On or before Tuesday, December 8, 2026
Proposed Resolutions and Implications
Item No. 1: Enhancement of Borrowing Limit
Special Resolution to authorize the Board to borrow money up to ₹8,000 Crore (Rupees Eight Thousand Crore Only) under Section 180(1)(c) of the Companies Act, 2013, exceeding the aggregate of paid-up share capital, free reserves, and securities premium account.
Item No. 2: Creation of Security
Special Resolution to authorize the Board to create mortgages, charges, hypothecations, and other security interests up to ₹11,000 Crore (Rupees Eleven Thousand Crore Only) under Section 180(1)(a) of the Companies Act, 2013, securing the company's borrowings and obligations.
Item No. 3: Material Related Party Transaction
Special Resolution to approve material related party transactions with Welspun Pune Shirur Projects Limited (WPSPL) for an aggregate amount not exceeding ₹6,350 Crore (Rupees Six Thousand Three Hundred and Fifty Crore Only). The transactions include providing corporate guarantees, promoter support undertakings, and other financial support arrangements in connection with financing facilities for the Pune-Shirur Highway Project.
Voting Process and Methods
The voting will be conducted exclusively through remote e-voting services provided by NSDL. The process includes:
- Two-step voting process: Access to NSDL e-Voting system and casting vote electronically
- Multiple login methods for different types of shareholders (demat with NSDL, demat with CDSL, physical shareholders)
- Helpdesk support available for technical issues
- Institutional shareholders required to submit Board Resolution/Authority letter
Scrutinizer Appointment
The Board has appointed Mr. Mihen Halani, Proprietor of M/s. Mihen Halani & Associates, Company Secretaries, as Scrutinizer (with Mr. Milin Ramani as alternate) to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer will receive and scrutinize votes cast by members and submit a report to the Chairman/Directors/Company Secretary.
Compliance Statements
The notice confirms compliance with:
- Section 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standard - 2 on General Meetings
- General Circular No. 03/2025 dated September 22, 2025, and other MCA Circulars
- SEBI Circulars regarding related party transactions (SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/18, /93, and /135)
Additional Information
The document includes detailed explanatory statements for each resolution, comprehensive instructions for e-voting, information about the company's registrar and transfer agent (MUFG Intime India Private Limited), and SEBI updates regarding dispute resolution mechanisms and dematerialization requirements.