Scrutinizer"s Report of Postal Ballot through remote e-voting.
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Sugs Lloyd Limited concluded a Postal Ballot process through remote e-voting held from November 19 to December 18, 2025, with all 4 resolutions passed unanimously. Three resolutions involved redesignation of directors: Mr. Kapil Dev Marwah (Whole-Time to Executive Director), Mrs. Priti Shah (Managing Director to Whole-Time Director), and Mr. Santosh Kumar Shah (Non-Executive Director to Managing Director and Executive Chairman). The fourth resolution approved the appointment of the Secretarial Auditor. Out of 1,998 shareholders on the record date, 16,652,990 votes (71.74% of 23,214,000 total shares) were polled, with 100% voting in favor of every resolution. Public non-institutional shareholders had a low turnout of just 6.10% (403,025 votes out of 6,606,035 shares held). 1,000 votes from the public non-institutional category were declared invalid.
The promoter-led changes consolidate Mr. Santosh Kumar Shah's control as Managing Director and Executive Chairman, centralizing leadership. With near-zero public dissent and a very low public turnout, minority shareholders had little influence on the outcome, though these are routine governance/board restructuring items rather than material business changes.