We hereby submit intimation of Notice of Postal Ballot under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Cryogenic OGS Limited is seeking shareholder approval via postal ballot for two resolutions. First, a special resolution under Section 185 to authorize the Board to advance loans, give guarantees or provide securities up to Rs. 20 crore (Rs. 10 crore per entity) to subsidiaries, associates, or entities where directors are interested, strictly for their principal business activities on arm's length basis. Second, an ordinary resolution for material related party transactions with Infravolt Engineering Private Limited (51% subsidiary, under process of incorporation) up to Rs. 10 crore for FY 2026-27 covering loans, guarantees, security, and goods/services. The Infravolt transaction represents approximately 24.39% of the company's annual consolidated turnover, qualifying it as a material RPT under SEBI regulations. The remote e-voting period runs from May 6, 2026 to June 4, 2026, with results to be declared within 48 hours of the voting closure. The Audit Committee has reviewed and the Board recommends both resolutions for shareholder approval.
Shareholders should note the significant related party exposure — Rs. 10 crore to a newly incorporated subsidiary represents nearly a quarter of annual turnover. The Section 185 approval creates a Rs. 20 crore inter-company lending framework that could affect cash flows and governance risk. Voting in favor enables operational flexibility but also increases connected-party financial exposure. Institutional investors should assess whether safeguards (arm's length pricing, per-entity limits, Audit Committee oversight) are adequate.