Aeonx Digital Technology Ltd has published the notice for its postal ballot in newspapers, including the Free Press Journal and Navshakti, on July 1, 2026. The company is seeking shareholder approval for the re-appointment of Mr. Ketan Shrimankar as a Non-Executive Independent Director for a term of two consecutive years commencing from August 10, 2026. The resolution requires a special resolution to pass.

The Board of Directors approved the proposal via a circular resolution on June 23, 2026. Mr. Shrimankar, who has served on the board since August 10, 2021, is a Chartered Accountant with approximately four decades of experience in company law, audit, and taxation. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting facility.

The remote e-voting period commences on July 1, 2026, at 9:00 A.M. and concludes on July 30, 2026, at 5:00 P.M. Shareholders whose names appear in the Register of Members or the list of beneficial owners as of the cut-off date, June 26, 2026, are eligible to participate. The Postal Ballot Notice was emailed to members on June 30, 2026, and is also available on the company's website.

Mr. Jay Mehta, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the voting process is conducted fairly and transparently. The results of the postal ballot, along with the Scrutinizer's report, will be announced on or before August 1, 2026, at the company's registered office in Mumbai. The outcome will be communicated to BSE Ltd and posted on the company's website.

The explanatory statement highlights Mr. Shrimankar's eligibility for re-appointment under Section 149(10) of the Companies Act, 2013, and his declaration confirming independence under Section 149(6) of the Act and Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Nomination and Remuneration Committee recommended his re-appointment based on a performance evaluation.

Key Dates for Postal Ballot

Details of the Resolution

Aeonx Digital Technology Limited reported a consolidated net loss of ₹62.31 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹404.61 lakh in the previous year. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. Due to the loss incurred during the year, the board decided not to recommend any dividend for FY26.

The statutory auditors, M/s. R A Kuvadia & Co, issued an unmodified opinion on the audited standalone and consolidated financial results. The financial performance was impacted by an exceptional item of ₹79.03 lakh recognized due to the incremental impact of the New Labour Codes. The board also approved the re-appointment of Mr. Ketan Shrimankar as a Non-Executive Independent Director for a second term of two years effective from August 10, 2026, subject to shareholder approval.

Financial Performance

Revenue from operations for the consolidated entity increased to ₹5,931.11 lakh in FY26 from ₹3,480.81 lakh in FY25. However, total expenses rose significantly to ₹6,398.79 lakh from ₹3,407.07 lakh in the prior year, leading to a decline in profitability. The company reported a basic and diluted earnings per share (EPS) of (₹1.35) and (₹1.34) respectively for the consolidated results in FY26.

Management Changes

The board took on record the resignation of Mr. Krupal Upadhyay as Company Secretary & Compliance Officer effective from the close of business hours on May 26, 2026. Consequently, Ms. Shruhita Rane was appointed as the Company Secretary & Compliance Officer designated as Key Managerial Personnel with effect from June 1, 2026. The board authorized specific Key Managerial Personnel, including the CEO, CFO, and the new Compliance Officer, to determine materiality and make disclosures to stock exchanges.