Active Infrastructures Limited has sought shareholder approval to alter the objects of its Initial Public Offering (IPO) and authorize investments and loans beyond statutory limits through a postal ballot process. The voting period concluded on July 10, 2026, following a notice dated May 25, 2026. The company also proposed resolutions regarding specific related party transactions with its wholly-owned subsidiary, Achievers Ventures Private Limited, and its step-down subsidiary, Raghukul Shradha Realty LLP.

The postal ballot was conducted via remote e-voting, managed by Central Depository Services (India) Limited (CDSL). The facility was open from 9.00 a.m. IST on June 11, 2026, until 5.00 p.m. IST on July 10, 2026. Shareholders holding shares in physical or dematerialized form as of the cut-off date of June 5, 2026, were eligible to participate. CS Ridhhita Agrawal was appointed as the Scrutinizer to oversee the process.

The resolutions presented to the shareholders included a special resolution to vary the objects of the issue related to the IPO for which funds were raised via prospectus. Another special resolution sought approval to make investments, provide loans, guarantees, and security in excess of the limits specified under Section 186 of the Companies Act, 2013.

Additionally, the company placed two ordinary resolutions before the shareholders. The first sought approval for related party transactions between Achievers Ventures Private Limited and Raghukul Shradha Realty LLP. The second ordinary resolution aimed to enhance the limits for related party transactions between the company and its wholly-owned subsidiary, Achievers Ventures Private Limited.

Resolutions Put to Vote

Key Voting Dates

The results of the postal ballot, along with the Scrutinizer's Report, were scheduled to be declared on July 13, 2026. These findings will be displayed at the company's registered office and on its website. A copy of the results will also be forwarded to CDSL for display on the e-voting portal.

Active Infrastructures Limited has issued a corrigendum to its postal ballot notice dated May 25, 2026, correcting the tenure for a proposed loan investment in its step-down subsidiary, Raghukul Shradha Realty LLP. The company revised the investment period from five years to three years till FY 2028-29. Shareholders are requested to note this correction regarding the related party transaction between Achievers Ventures Private Limited and Raghukul Shradha Realty LLP.

The company is seeking shareholder approval for the reallocation of ₹15.22 crore in unutilised Initial Public Offering (IPO) proceeds. Active Infrastructures Limited raised an aggregate amount of ₹77.83 crore through its IPO. As of March 31, 2026, ₹16.48 crore remained unutilised. The Board of Directors has approved a proposal to reallocate ₹8.17 crore to funding working capital requirements and ₹7.05 crore to Achievers Ventures Private Limited, a wholly owned subsidiary, for onward investment as current capital in Raghukul Shradha Realty LLP.

Resolutions for Postal Ballot

Shareholders will vote on four resolutions via remote e-voting. The first resolution seeks approval for the variation in the objects of the IPO issue. The second special resolution requests authorisation for the Board to make investments, give loans, guarantees, and security in excess of limits specified under Section 186 of the Companies Act, 2013. The proposed aggregate outstanding amount for these activities shall not exceed ₹200 crore.

The remaining resolutions concern related party transactions. An ordinary resolution seeks approval for transactions between Achievers Ventures Private Limited and Raghukul Shradha Realty LLP, involving an investment by way of loan for a period of three years till FY 2028-29. Another ordinary resolution proposes enhancing the limits of related party transactions between the company and its wholly owned subsidiary, Achievers Ventures Private Limited, from ₹5,000 lakhs to ₹10,000 lakhs for the remaining approved tenure till FY 2029-30.

Utilisation of IPO Proceeds

The following table details the proposed reallocation of the unutilised IPO proceeds:

E-voting Schedule and Process

The remote e-voting facility will be available to shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date, Friday, June 05, 2026. The voting period commences at 9.00 a.m. IST on Thursday, June 11, 2026, and concludes at 5.00 p.m. IST on Friday, July 10, 2026. The facility is being provided through Central Depository Services Limited (CDSL).

CS Riddhita Agrawal has been appointed as the Scrutiniser to conduct the postal ballot process. The results of the voting will be announced on July 13, 2026, and will be communicated to the National Stock Exchange of India Limited along with the Scrutinizer’s Report. The notice is available on the company’s website and the websites of CDSL and NSE.