Postal Ballot-Scrutinizer''s Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Intec Capital conducted a Postal Ballot through remote e-voting from February 18, 2026 to March 19, 2026, with 2,178 shareholders on the cut-off date. All three resolutions were passed with overwhelming majority: (1) Appointment of Mr. Saurabh Sharma (DIN: 09263133) as Independent Director passed with 99.9954% votes in favor (Special Resolution), (2) Conversion of an interest-bearing unsecured loan from Mr. Sanjeev Goel into an interest-free loan passed with 99.9877% in favor (Ordinary Resolution), and (3) Approval for related party M/s Modern Credit Private Limited to participate in company auctions passed with 99.9871% in favor. Promoter/Promoter Group did not vote on Resolutions 2 and 3 as they were deemed interested parties, and their votes were excluded from counting on Resolution 2 as per Section 188 of the Companies Act.
The new Independent Director strengthens board oversight. The conversion of a promoter-related loan to interest-free is a soft benefit to the promoter but reduces interest income for the company. Approval for the related party's auction participation facilitates business flexibility. All three resolutions received near-unanimous public shareholder support, signaling strong approval of management's proposals.