Please find enclosed herewith the voting Results along with Scrutinizer Report with Respect to EGM held on Saturday 10th January 2026
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Standard Capital Markets held an Extraordinary General Meeting on January 10, 2026, via video conferencing, where shareholders approved all 9 resolutions with overwhelming majority. Resolutions 1-8 approved material related party transactions with eight entities, including Titanium Unlisted Assets, Titanium Holdings India, Standard Arc, NDA Securities, NDA Commodity Brokers, NDA Research and Technologies, Earth Leasing and Finance, and Srikaya Foundation, each passing with over 99.85% votes in favour. Resolution 9, a special resolution, approved the conversion of loans into equity shares under Section 62(3) of the Companies Act, 2013, with 99.98% approval. Out of 2,52,820 shareholders on record date (January 2, 2026), about 29.9% of total share votes were polled. Notably, the promoter group (holding ~68.9 lakh shares) did not participate in voting on these resolutions, as they are interested parties in the related party transactions. Scrutinizer Nitika Gupta of Nitika G & Associates confirmed the results.
Shareholders have cleared the path for the company to execute eight material related party transactions and to convert outstanding loans into equity shares. The loan-to-equity conversion will result in dilution for existing public shareholders. The absence of promoter voting is standard for related party resolutions since promoters were interested parties. With nearly unanimous approval (over 99.85% in favour), no meaningful shareholder opposition exists on these matters.