We attach herewith Postal ballot notice dated 11.02.2026.
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Awaiting price reaction for this filing.
Him Teknoforge has issued a postal ballot notice dated February 11, 2026, seeking shareholder approval via remote e-voting (Feb 17 to March 18, 2026) for three resolutions. The first two are special resolutions to amend the Memorandum of Association (to add electricity generation, including solar, wind, and hybrid power, as a permissible business activity) and the Articles of Association (procedural change to rules around affixing the Common Seal). The third is an ordinary resolution seeking approval for material related party transactions with Globe Precision Industries Pvt. Ltd. — a promoter group entity — up to Rs. 14,300 Lakhs (approx. Rs. 143 crore) for FY 2026-27, covering sale/purchase of goods, fixed assets, and job work. This proposed value is about 35.49% of the Company's consolidated turnover and roughly 119.48% of Globe Precision's own standalone turnover, significantly exceeding the SEBI 10% materiality threshold. Earlier, in FY 2024-25, total transactions with Globe Precision were around Rs. 8,621 Lakhs, and Rs. 6,782.77 Lakhs had already been done till Q3 FY 2025-26. Globe Precision is part of the promoter group and its directors are relatives of Company directors Vijay Aggarwal and Rajiv Aggarwal.
Eligible shareholders as on the cut-off date of February 13, 2026 should vote by March 18, 2026. The MoA amendment signals a potential entry into the power/renewable energy business, which could be a long-term diversification positive if pursued. The RPT approval is material and shows heavy operational dependence on a related party — investors should watch for arm's-length pricing and the absence of any defaults, and note that related parties will not vote on that resolution. Overall, this is largely procedural and housekeeping in nature, with the diversification and RPT scale being the items most relevant to shareholders.