Submission of Scrutinizer''s Report on Postal Ballot.
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Samyak International Ltd conducted a postal ballot (e-voting) to seek shareholder approval for divesting its entire equity share capital in its Material Subsidiary, Alpha Tar Industries Private Limited, under Section 180(1)(a) of the Companies Act, 2013. The special resolution passed with near-unanimous support, receiving 99.9997% votes in favour (2,875,020 shares) out of 2,875,028 valid votes polled. Promoter group voted 100% in favour (1,735,868 shares), while public non-institutional shareholders also overwhelmingly approved it with only 8 votes against out of 1,139,160 polled. Total shareholder participation was modest at 35.95% of outstanding shares, with 99 of 2,996 eligible shareholders voting. The resolution is deemed passed as of the last date of e-voting, March 4, 2026.
Shareholders have greenlit the sale of the company's stake in its material subsidiary, Alpha Tar Industries, which could unlock cash, simplify the group structure, or signal a strategic refocus. The overwhelming approval and zero promoter opposition reduce execution risk, though the actual financial impact will depend on the divestment price and terms disclosed later.