We hereby submit the outcome of Postal Ballot of the company.
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Awaiting price reaction for this filing.
Innovators Facade Systems Ltd has announced the results of its Postal Ballot, with all three resolutions deemed passed on 27th February 2026 and results declared on 2nd March 2026. The first resolution approved the appointment of Mrs. Gayatri Narendra Sharma (DIN: 07780778) as a Non-Executive Non-Independent Director with effect from 27th January 2026, passed as a Special Resolution. The second resolution modified the aggregate limit for material related party transactions with Innovators Contracting Works Private Limited (ICWPL), an associate of the company's wholly owned subsidiary, to a value not exceeding ₹120 crore for FY 2025-26. The third resolution approved material related party transactions with Parth Façade Solutions Private Limited (PFSPL) up to ₹25 crore for FY 2026-27. All transactions are stated to be at arm's length pricing and in the ordinary course of business.
Shareholders have approved a new director's appointment and significantly expanded the company's ability to transact with related parties — ₹120 crore with ICWPL and ₹25 crore with PFSPL — which may raise governance concerns for minority investors given the substantial related party exposure relative to the company's scale.