Please find attached herewith postal ballot Notice
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Awaiting price reaction for this filing.
Olatech Solutions Ltd has issued a Postal Ballot Notice seeking shareholder approval for material related party transactions with M/s Zumra Infra Services Private Limited, valued at up to Rs. 5 crore for FY 2025-26. The transactions cover supply of goods and services, working capital, short-term and long-term inter-corporate loans, and other business requirements. Zumra Infra is connected to the company through promoter group member Mrs. Amrita Singh, who is also a Director in that entity; Mr. Amit Kumar Singh (Managing Director) and Mr. Sher Bahadur Singh are her husband and father-in-law respectively. The proposed transaction represents 23.81% of the company's annual consolidated turnover, with only Rs. 5 lakhs of past transactions in FY 2024-25. Remote e-voting opens on February 18, 2026, and closes on March 19, 2026, with the cut-off date set as February 13, 2026.
Since the counterparty is linked to the Managing Director's immediate family, shareholders may want to scrutinise the fairness and pricing of this transaction despite it being described as arm's length. Approval of such a large related-party transaction (nearly a quarter of turnover) could raise corporate governance concerns, though the postal ballot route at least gives minority shareholders a formal say.