This is with reference to our later dated September 30,2025 Wherein the Company had sought the Consent of its member through Postal Ballot by remote evoting vide Postal Ballot Notice dated ....
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GKB Ophthalmics Ltd has announced the results of a postal ballot conducted via remote e-voting from October 3 to November 1, 2025. The ballot had two resolutions: (1) Prior approval of a Related Party Transaction for the winding up and liquidation of its material subsidiary GSV Ophthalmics Private Limited (Ordinary Resolution), and (2) Approval of the voluntary winding up of GSV Ophthalmics Private Limited (Special Resolution). On original count, Resolution 1 received only 23.48% votes in favour (41,271 votes) versus 76.52% against (1,34,489 votes). The company then received a letter dated October 31, 2025 from one shareholder holding 1,34,218 shares, requesting that their votes on Resolution 1 be counted as in favour (matching their vote on linked Resolution 2). After this correction, both resolutions were deemed passed with requisite majority on November 1, 2025. Resolution 2 was overwhelmingly approved with 99.87% votes in favour (1,75,539 votes) and only 0.13% against (221 votes). Promoters and promoter group, being related parties, did not vote (0 votes polled) on both resolutions. Total of 2,658 shareholders were on record as of cut-off date September 26, 2025.
Shareholders have approved the voluntary winding up and liquidation of GKB Ophthalmics' material subsidiary GSV Ophthalmics Private Limited, which the company will now proceed with. This simplifies the company's corporate structure by exiting a subsidiary. The subsidiary's winding up may result in one-time accounting impacts depending on its financial position, but does not affect GKB's core operations.