Alufluoride Ltd has launched a postal ballot process to secure shareholder approval for the continuance of Independent Director Yugandhar Meka, who attained the age of 75 years during his current five-year term. The special resolution, required under Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, allows Meka to remain on the board until July 31, 2029. Remote e-voting opens on July 25, 2026, and closes on August 23, 2026, with results expected by August 25, 2026.

The Board of Directors approved the proposal on July 22, 2026, citing Meka’s extensive experience and contribution to the company. As per the Companies Act, 2013, and relevant SEBI regulations, no physical ballot forms are being dispatched; shareholders must vote electronically via Central Depository Services (India) Limited (CDSL). The cut-off date for eligibility is July 17, 2026.

Voting Timeline and Process

Shareholders holding shares as of the cut-off date can cast their votes through remote e-voting only. The facility is accessible via CDSL’s e-voting platform, with login credentials linked to demat accounts held with CDSL or NSDL, or through physical folio numbers for non-demat holders. Institutional investors must submit scanned board resolutions to the scrutinizer.

Sri G.M.V. Dhanunjaya Rao of GMVDR & Associates has been appointed as the Scrutinizer to ensure a fair and transparent voting process. The results, along with the Scrutinizer’s report, will be displayed on the company’s website and communicated to BSE Limited.

About Yugandhar Meka

Yugandhar Meka is serving his second term as an Independent Director, which began on August 1, 2024. A Commerce Graduate and Fellow Member of the Institute of Chartered Accountants of India, he brings over 49 years of experience in financial services. He was a founder of Karvy & Co. Chartered Accountants and served as Managing Director of Karvy Computershare Ltd. until 2018. Currently, he also serves on the boards of Lokesh Machines Limited and Suryalata Spinning Mills Limited.

Alufluoride Limited shareholders approved all resolutions during its 32nd Annual General Meeting held on July 16, 2026, via video conferencing. The meeting sanctioned the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, and declared a final dividend on equity shares for the financial year. These approvals mark the formal conclusion of the company's financial reporting for FY 2025-26.

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting facilities were provided by Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) from July 13 to July 15, 2026. Shri. G.M.V. Dhanunjaya Rao of GMVDR & Associates was appointed as the scrutinizer for the e-voting process.

Resolutions Passed

The business transacted included both ordinary and special items. All resolutions were passed with the requisite majority by the members present.

Ordinary Business

Special Business

Attendees and Proceedings

The meeting was chaired by Sri Yugandhar Meka, with key directors including Sri Venkat Akkineni, Managing Director, and Sri Aditya Akkineni, Whole Time Director and CEO, in attendance. Statutory auditors Brahmayya & Co, internal auditors Sreeramamurthy & Co, and cost auditors J.K. & Co were present along with the secretarial auditor. The Company Secretary confirmed that the Auditors' Report and Secretarial Audit Report contained no qualifications. The meeting commenced at 11:00 a.m. IST and concluded at 12:35 p.m. IST.