Scrutinizers Report for the Postal Ballot completed on 18th February 2026
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Awaiting price reaction for this filing.
The company conducted a postal ballot through remote e-voting between January 20, 2026 and February 18, 2026, on two ordinary resolutions. Both resolutions were passed with overwhelming support: 31,128,046 votes in favor (100%) and only 10 votes against (0%) for each. The first resolution was to increase the authorised share capital and amend the Capital Clause of the Memorandum of Association. The second resolution was to appoint Mr. Ashok Uttam Chandanshive (DIN: 11038160) as a Non-Executive Independent Director of the company. ND & Associates, Practising Company Secretaries, acted as the scrutinizer and certified that both resolutions were passed with the requisite majority. The report was countersigned by Managing Director Sudhir Balu Mehta on February 19, 2026.
Shareholders have cleared an increase in authorised share capital, which gives the board flexibility to issue new shares or raise capital in the future, though no immediate fundraising is announced. Additionally, the company has formally onboarded a new independent director, strengthening its board composition. There is no immediate material impact on stock price from this procedural outcome alone.