Voting Results of Postal Ballot Pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Kesar India Limited concluded a postal ballot (e-voting from Oct 10 to Nov 8, 2025) in which all four special resolutions were passed unanimously with 100% votes in favour and zero votes against. The resolutions covered: (1) appointment of Mr. Ishwar Lal (DIN 11224914) as Independent Director, (2) appointment of Mr. Akshay Vinod Parmar (DIN 11287143) as Independent Director, (3) migration of the company's equity shares from the BSE SME Platform to the Main Board of BSE and NSE, and (4) sale/disposal/transfer of company land. A total of 17 equity shareholders representing 2,12,81,300 shares voted via e-voting (CDSL platform); no physical postal ballots were received. For the migration resolution, promoter votes were excluded as per SEBI ICDR rules, and only 10 non-promoter shareholders holding 27,48,800 shares voted — still passing with 100% approval.
Shareholders approved a board refresh with two new independent directors and cleared the company's move from the BSE SME platform to the main board of BSE and NSE, which may improve liquidity and visibility. The clearance for sale/transfer of company land is a significant asset decision that could affect the company's future operations and cash position.