The details of voting result and scrutinizers report for the special businesses mention in postal ballot notice dated on 08-05-2026 are submitted hereby.
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Identixweb Limited (BSE: 544388) has announced the results of a postal ballot conducted via remote e-voting, with results declared on June 10, 2026. Two resolutions were put to shareholders: (1) an Ordinary Resolution to approve material related party transactions with Munim ERP Private Limited, and (2) a Special Resolution under Section 185 of the Companies Act, 2013 to approve advancing loans, guarantees, or security to Munim ERP or entities where directors are interested. Both resolutions passed with 100% of votes polled in favour (4,99,480 votes) and zero against. Notably, the promoter group holding 65,76,945 shares (63% of total) did not vote since they were deemed interested, and public institutions holding 10,06,000 shares also abstained. Only 31 public non-institutional shareholders voted, representing just 4.78% of the company's 1,04,41,550 outstanding shares. The scrutinizer, Hardikkumar Jetani (Practising Company Secretary), certified the process as fair and transparent.
Shareholders have approved the company entering into material related party transactions and providing financial assistance (loans/guarantees) to Munim ERP Private Limited, where directors are interested. The very low voting turnout (4.78%) and promoters abstaining due to conflict of interest may raise governance concerns for minority shareholders, though both resolutions passed unanimously among those who voted.