Disclosure Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015- Proceeding of Postal Ballot
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Modi's Navnirman Ltd completed a postal ballot process seeking shareholder approval for one Special Resolution: the Scheme of Arrangement to merge its wholly-owned subsidiary, Shree Modi's Navnirman Private Limited, with the holding company (Modi's Navnirman Limited). Voting was conducted both through postal ballot forms and remote e-voting, with the voting window running from July 17, 2025 (9:00 a.m.) to August 15, 2025 (5:00 p.m.). NSDL provided the e-voting platform, and the cut-off date for eligibility was July 11, 2025. M/s JNG & Co. LLP (Mr. Jigarkumar Gandhi) was appointed as the Scrutinizer to oversee the process. The results are required to be declared on or before August 19, 2025.
This is a procedural disclosure confirming the postal ballot process is complete; the actual voting outcome (approval or rejection) is still awaited. Since the resolution involves merging a wholly-owned subsidiary into the parent, it is largely an internal restructuring and is unlikely to materially change shareholding or business operations for public shareholders.