Background and Voting Process

The postal ballot was initiated through a notice dated 29 May 2026 sent to company members. The remote e-voting period commenced on Saturday, 30 May 2026 at 9:00 AM (IST) and concluded on Sunday, 28 June 2026 at 5:00 PM (IST). The scrutinizer, Ms. Aditi Gupta, Practicing Company Secretary (Membership No. FCS 9410), submitted her report on the voting results on 30 June 2026.

The record date for determining eligible shareholders was 22 May 2026, with 31,200 shareholders on record.

Resolution Outcomes

All four resolutions were passed by members with requisite majority and are deemed to have been passed on 28 June 2026, the last date of remote e-voting:

1. Re-appointment of Mr. Alok Saxena as Executive Director

  • Special Resolution: To re-appoint Mr. Alok Saxena (DIN: 08640419) as Whole Time Director and Key Managerial Personnel designated as Executive Director
  • Total votes polled: 17,928,607 shares (60.2011% of outstanding shares)
  • Votes in favor: 17,926,698 shares (99.9894% of votes polled)
  • Votes against: 1,909 shares (0.0106% of votes polled)
  • Invalid votes: 0

2. Increase Borrowing Powers

  • Special Resolution: To increase borrowing powers under Section 180(1)(c) of Companies Act, 2013
  • Total votes polled: 17,928,657 shares (60.2013% of outstanding shares)
  • Votes in favor: 17,600,315 shares (98.1686% of votes polled)
  • Votes against: 328,342 shares (1.8314% of votes polled)
  • Invalid votes: 0

3. Create Charge on Company Assets

  • Special Resolution: To create charge on assets under Section 180(1)(a) of Companies Act, 2013
  • Total votes polled: 17,928,657 shares (60.2013% of outstanding shares)
  • Votes in favor: 17,614,805 shares (98.2494% of votes polled)
  • Votes against: 313,852 shares (1.7506% of votes polled)
  • Invalid votes: 0

4. Approval of Material Related Party Transaction

  • Ordinary Resolution: Approval of Material Related Party Transaction(s) between the Company and Zuari Envien Bioenergy Private Limited
  • Total votes polled: 1,040,546 shares (3.4940% of outstanding shares)
  • Votes in favor: 1,021,815 shares (98.1999% of votes polled)
  • Votes against: 18,731 shares (1.8001% of votes polled)
  • Invalid votes: 2,757,941 shares

Shareholder Voting Breakdown

  • Total shares outstanding: 29,781,184 shares
  • Promoter and Promoter Group holdings: 16,888,079 shares (100% voted in favor of all resolutions)
  • Public Institutions holdings: 716,506 shares (94.18% voted)
  • Public Non-Institutions holdings: 12,176,599 shares (3.00-3.004% voted)

Scrutinizer's Report Details

The scrutinizer's report confirmed that all resolutions were passed with requisite majority. The e-voting results were unblocked in the presence of two witnesses: Ms. Saumya Bargway and Ms. Sanya Kumari, who are not employees of the company.

Financial Impact

No specific financial impact quantified in the disclosure. The resolutions primarily concern governance, borrowing authority, asset charges, and related party transactions.