Postal ballot approves director reappointments and asset security
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Remote voting closed on 25 October 2026 and all three special resolutions passed. Valid votes were 46,159,772, or 79.08% of 58,373,305 shares. Shekhar Agarwal was reappointed Managing Director and Rakesh Kumar Ojha Independent Director for a second five-year term, each with 99.98% support. Creating a mortgage, charge or pledge over company assets received 99.97% support.
The votes confirm board continuity and allow assets to be offered as security for borrowing, which may support funding but puts those assets at risk if debt is not repaid.