Notice of Postal Ballot with explanatory statement sent to the members is enclosed herewith. Kindly take the same on records
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Awaiting price reaction for this filing.
Ampvolts Ltd (formerly Quest Softech India Ltd) has sent a Postal Ballot Notice to shareholders seeking approval for three special resolutions. The first two resolutions seek approval for the appointment of Mr. Harnish Mahendrabhai Rao and Mr. Sahil Jayesh Rao as Independent Directors for a five-year term effective November 14, 2025. The third resolution proposes altering the company's object clause to expand into electric vehicle (EV) related businesses, including repair, servicing, overhauling of EVs, retrofitting and converting internal combustion engine (ICE) vehicles into EVs, and developing battery-powered electric powertrains for cars and other vehicles. The e-voting window opens on December 8, 2025 and closes on January 6, 2026. Voting will be conducted electronically through Purva Sharegistry, with Mr. Mehul Bambhroliya appointed as the Scrutinizer.
The company is signaling a strategic pivot toward the electric vehicle ecosystem, expanding from its IT/services roots into EV servicing, retrofitting, and powertrain development. Adding two new independent directors with legal and finance backgrounds strengthens board oversight as the company enters a capital-intensive, regulated sector. Shareholders should review the rationale for the EV business entry and the absence of shareholding by either proposed director.