Alicon Castalloy Limited has secured shareholder approval to appoint Mr. Ishaan Rai as a Non-Executive Non-Independent Director, effective May 12, 2026. The resolution was passed through a remote e-voting process conducted under Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot results indicate a strong mandate from the shareholders, with the resolution receiving 99.99% of the votes polled. A total of 10,598,242 votes were cast in favour, while 631 votes were cast against the proposal. The voting process was scrutinized by Avinash Joshi, Senior Advocate, who confirmed the fairness and transparency of the proceedings.

Voting Breakdown

The participation was distributed across various shareholder categories, with the Promoter and Promoter Group casting 8,824,143 votes, all in favour of the resolution. Public Institutions contributed 1,759,522 votes, also unanimously in favour. Public Non Institutions accounted for 15,208 votes, with 14,577 in favour and 631 against.

Procedural Details

The remote e-voting period commenced on May 22, 2026, and concluded on June 20, 2026. National Securities Depository Limited (NSDL) served as the service provider for the e-voting facility. The scrutinizer's report confirmed that all 64 remote e-voting responses received were valid.

Mr. Ishaan Rai, who holds DIN 06802018, was initially appointed as an Additional Director on May 12, 2026. With this approval, his position is regularized as a Non-Executive Non-Independent Director, and his office will be liable to retirement by rotation.

Alicon Castalloy Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Ishan Rai as a Non-Executive Non-Independent Director. The resolution is being conducted in accordance with the provisions of Section 108 and 110 of the Companies Act, 2013, and the relevant rules and regulations issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities to its members.

The Postal Ballot Notice is being dispatched electronically to members whose names appear in the Register of Members or the list of Beneficial Owners as of Friday, May 15, 2026, which serves as the cut-off date. The notice is being sent only via email to the eligible shareholders. The approval is sought through an Ordinary Resolution passed via the remote e-voting process.

Remote E-Voting Schedule

The remote e-voting facility will be available to eligible shareholders starting at 9:00 a.m. IST on May 22, 2026. The voting period will conclude at 5:00 p.m. on June 20, 2026. Shareholders holding shares as of the cut-off date are entitled to participate in the voting process, with voting rights proportionate to their shareholding in the paid-up share capital of the company.

Key Dates and Deadlines

The company has specified that the remote e-voting system will be accessible only during the designated period. Shareholders are advised to cast their votes within this timeframe to ensure their participation is recorded.