Submission of Outcome of Postal Ballot.
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Samyak International Ltd concluded a Postal Ballot on March 4, 2026, with shareholders approving a single Special Resolution by an overwhelming margin of 99.9997% (2,875,020 votes in favour vs. just 8 against). The resolution authorises the company to divest its entire equity shareholding in its Material Subsidiary, Alpha Tar Industries Private Limited, under Section 180(1)(a) of the Companies Act, 2013. Total voter turnout was 35.95% of outstanding shares (2,875,028 votes out of 7,997,200), with promoters (holding 17.87 lakh shares) voting 100% in favour and public non-institutional shareholders voting 99.9993% in favour. The Scrutinizer, Mr. Ajit Jain (FCS-3933), confirmed the resolution was passed with the requisite majority.
Shareholders have greenlit the company to sell off its stake in Alpha Tar Industries, a Material Subsidiary. This is a significant strategic move — the company can now monetise this investment, potentially to raise cash, streamline operations, or exit a non-core business. The near-unanimous approval suggests little shareholder resistance, but the actual financial impact will depend on the divestment value and use of proceeds, which have not been disclosed in this filing.