Disclosure of Voting Results of Postal Ballot pursuant to Regulation 44 of the SEBI LODR, 2015.
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Autoriders International Ltd conducted a postal ballot (via remote e-voting) from 14 November 2025 to 13 December 2025, with 523 shareholders on record. Three special resolutions were put to vote, and all three passed with 100% approval — zero votes against. The resolutions covered: (1) increasing the limit for creating charges on company assets under Section 180(1)(a), (2) increasing the overall borrowing limit under Section 180(1)(c), and (3) re-appointing Mr. Chintan Patel as Managing Director & CEO for a 5-year term. Out of 580,140 total shares, 234,198 shares (40.37%) were polled, with promoters voting 233,775 shares and public shareholders voting 423 shares. The scrutinizer, KDA & Associates, confirmed the results on 15 December 2025.
The passing of resolutions 1 and 2 gives the company greater flexibility to raise debt and pledge assets, which could signal upcoming expansion or refinancing activity. The re-appointment of Mr. Chintan Patel as MD & CEO for five years provides leadership continuity. The unanimous 100% approval (including from public shareholders, though with very low participation of just 423 public shares) suggests strong shareholder confidence, though low public voting turnout is notable.