AI Champdany Industries has initiated a postal ballot process to seek member approval for the continuation of Jayanta Jash as a Non-Executive Independent Director. This move is necessitated by Jash attaining the age of 75 years on October 31, 2026, which triggers regulatory requirements for special resolution approval.

The proposal is filed under Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s board recommends the resolution, stating that Jash’s continued association is in the interest of the company due to his extensive experience in audit, finance, and taxation.

Director Profile and Expertise

Jayanta Jash was appointed as an Additional Non-Executive Independent Director on May 30, 2025, with his appointment regularized at the 107th Annual General Meeting held on August 25, 2025. He is a qualified Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India.

The board highlights that his professional knowledge in financial systems, accounting, and regulatory compliance strengthens the company’s oversight in financial reporting and risk management. He has attended two board meetings during the relevant financial year and holds one directorship in another company. His shareholding in AI Champdany Industries is nil, and he has no relationship with other directors or key managerial personnel.

Postal Ballot Timeline

The company has appointed National Securities Depository Limited (NSDL) as the e-voting agency. The scrutinizer for the postal ballot is Rinku Gupta, a practicing company secretary. The voting period allows members to cast their votes electronically through the NSDL platform.

Regulatory Compliance and Governance

The resolution seeks consent for Jash to continue as a Non-Executive Independent Director notwithstanding his age, subject to the existing terms and conditions of his appointment. The explanatory statement clarifies that no other directors or key managerial personnel are interested in the resolution, except Jash himself, who is concerned by virtue of his directorship continuation.

The notice emphasizes that the communication of assent or dissent will occur exclusively through the remote e-voting system, in compliance with Ministry of Corporate Affairs circulars. Physical copies of the ballot form are not being dispatched. Members holding shares in demat form must ensure their email addresses are registered with their depository participants to access the e-voting facility.

AI Champdany Industries shareholders approved all three resolutions proposed at its 108th Annual General Meeting held on August 22, 2026. The company disclosed the final voting results on August 24, 2026, confirming unanimous support for the adoption of FY26 financials and other agenda items.

The meeting was conducted via video conferencing in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. Sixty-one members participated through the Zoom platform facilitated by National Security Depository Limited. Mr. Nirmal Pujara, Managing Director, chaired the session. The scrutinizer’s report, filed by Mrs. Rinku Gupta (CP No. 9248), confirmed that all resolutions were passed with the requisite majority. Seven speakers registered to provide feedback or queries during the meeting.

Voting Participation and Results

Remote e-voting was enabled from August 19, 2026, to August 21, 2026. Members attending the AGM could also vote electronically during the session. As on the record date of August 15, 2026, there were 4,287 equity shareholders.

Promoter shareholders held 18,112,654 equity shares and cast 16,250,700 votes, representing 89.72% of outstanding promoter shares. Public non-institutional holders cast a negligible number of votes (779 votes), while institutional holders did not participate in the voting process. No votes were cast via e-voting at the AGM venue; all valid votes were submitted through remote e-voting.

For preference shares, promoters held 9,773,156 shares and cast 9,771,140 votes (99.98% participation). Public non-institutional preference shareholders cast 3,200 votes. All preference share votes were cast in favour of the resolutions.

Resolutions Passed

Shareholders approved three ordinary resolutions during the meeting:

1. Adoption of Audited Financial Statements for FY26, including consolidated financial statements, along with the Directors’ and Auditors’ reports.
2. Reappointment of Mr. Harsh Vardhan Wadhwa as Director, who retires by rotation. The promoter group declared an interest in this resolution.
3. Ratification of remuneration for cost auditors M/s N. Radhakrishnan & Co., Cost Accountants in Practice, for FY2026-27.

All resolutions received over 99.99% support from equity shareholders who voted, with only 398 votes cast against the proposals by public non-institutional investors. Preference shareholders voted unanimously in favour of all items.