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NTC Industries Ltd conducted a Postal Ballot via remote e-voting from January 6 to February 4, 2026 to seek shareholder approval for altering the object clause of the company's Memorandum of Association. Out of 8,910 shareholders on the record date (December 26, 2025), the resolution received overwhelming support with 79,24,773 votes in favour (99.9995%) and only 43 votes against, representing 54.58% of total outstanding shares (1.45 crore) being polled. Scrutinizer Prachi Todi, Practicing Company Secretary, confirmed the resolution was passed with the requisite majority. The outcome was declared on February 6, 2026. The notice noted that any alteration to the object clause requires shareholder approval under the Companies Act, 2013.
Near-unanimous shareholder approval (over 99.99% in favour) allows the company to broaden or modify its permitted business activities as stated in the MOA. This is a routine governance step with no material change to financials or operations yet, but gives management flexibility to pursue new business lines.