Postal ballot: QIP equity share issuance resolution approved by shareholders

Kanel Industries received shareholder approval through postal ballot for a special resolution to raise capital via Qualified Institutions Placement (QIP) by issuing equity shares to eligible investors. All 14,977,630 votes cast were in favour (100%), with zero against. Promoters holding 14,962,500 shares voted fully in favour. Only 1.92 percent of public shares were voted. Voting ran from June 9 to July 8, 2026. Out of 1,139 total shareholders, participation was limited mostly to the promoter group.