Disclosure of Voting Results along with Scrutinizer''s Report on Postal Ballot is attached herewith.
PRAVEG · price
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Praveg Ltd has disclosed the results of a postal ballot conducted between February 21 and March 22, 2026, where all three special resolutions were approved by shareholders. The resolutions include: (1) approval under Section 185 for advancing loans/guarantees to Praveg Safaris Tanzania Limited (PSTL), passed with 99.94% in favour; (2) appointment of Mr. Vishnukumar Vitthaldas Patel (DIN: 02011649) as Chairman and Managing Director, passed with 99.94% in favour; and (3) change in designation of Ms. Bijal Kiran Parikh (DIN: 07027983) from Executive Director to Non-Executive Director, passed with 99.84% in favour. Of the total 2.61 crore outstanding shares, 1.35 crore (51.57%) were polled. Promoters (holding 1.20 crore shares) voted 100% in favour of all three resolutions. The scrutinizer, M/s. ALAP & Co. LLP, certified the process as fair and transparent.
Shareholders have approved key corporate actions including a leadership change at the top (new Chairman and Managing Director) and authorization to extend financial support to the company's Tanzania subsidiary. The shift of Ms. Parikh from Executive to Non-Executive Director suggests a board restructuring. These are administrative/board-level changes with no immediate material impact on stock price, but the Section 185 approval enables potential fund flows to the overseas subsidiary.