Scrutinizers Report of the Postal Ballot Notice dated February 03, 2026.
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Ghushine Fintrrade Ocean Limited conducted a postal ballot via remote e-voting from February 9, 2026 to March 10, 2026, in which all four resolutions were passed with 100% votes in favour. Out of 133 total members on record date, 15 members voted (representing 30,86,900 shares), with zero votes cast against and zero invalid votes. The approved resolutions include alteration of the Main Object Clause of the Memorandum of Association, increase in Authorised Share Capital, adoption of new Articles of Association, and appointment of Mr. Sagar Kumbhani (DIN: 00809110) as a Non-Executive Independent Director. Mr. Abbas Jawadwala, Practicing Company Secretary, served as the Scrutinizer and confirmed the results were fair and transparent.
The approved increase in Authorised Share Capital and amendment of Main Objects suggest the company is preparing to raise fresh capital or diversify into new business areas, which could lead to a stock split, rights issue, or fundraise in the near future. The unanimous approval (100% in favour) indicates strong shareholder alignment with management's strategic direction, while the new independent director strengthens board governance.