Amagi Media Labs Limited has successfully completed its postal ballot process, with all four resolutions passed with requisite majority. The e-voting concluded on April 3, 2026, with results formally announced on April 6, 2026.

Postal Ballot Overview

The company conducted the postal ballot process through remote e-voting in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting process was scrutinized by Biswajit Ghosh (FCS: 8750/ CP: 8239) from BMP & Co. LLP, Practicing Company Secretaries.

Resolution Results

All four agenda items were successfully passed with strong shareholder support:

Article 64B Insertion Details

Following the company's listing on BSE and NSE with effect from January 21, 2026, Part B of the Articles of Association automatically stands deleted. The approved alteration involves inserting Article 64B in Part A of the AOA, which establishes director appointment rights for major investors.

The new Article 64B stipulates that among key investors including Accel India VI (Mauritius) Ltd., Accel Growth VI Holdings (Mauritius) Ltd., Trudy Holdings, AVP I Fund, Norwest Venture Partners X-Mauritius, PI Opportunities Funds, and General Atlantic Singapore AML PTE LTD., the top 2 investors by shareholding shall be entitled to appoint 1 non-executive Director each on the Board. This right continues as long as the investor holds 6.00% shareholding in the company on a fully diluted basis.

Regulatory Compliance

The postal ballot was conducted pursuant to Section 110 and 108 of the Companies Act, 2013, along with relevant rules and SEBI regulations. The scrutinizer's report confirms that all procedural requirements were met, and the voting process was conducted in a fair and transparent manner. The disclosure has been made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting results and scrutinizer's report have been hosted on the company's website at https://www.amagi.com/investors/notifications and on NSDL's e-voting portal for public access.

Amagi Media Labs Limited has received an income tax demand order totaling ₹2,06,45,611 from the Income Tax Department, as disclosed in a regulatory filing dated March 19, 2026. The company received the order on March 18, 2026, and has announced its intention to challenge the demand through an appeal.

Demand Order Details

The income tax demand has been issued by the Deputy Commissioner of Income Tax, International Taxation Circle 1 (1), Bengaluru. The total demand comprises two components as detailed below:

Nature of Alleged Violation

The demand order pertains to Financial Year 2019-20, where the company has been treated as an "assessee in default" under Section 201(1) of the Income Tax Act, 1961. The violation relates to certain payments made to non-residents that have been characterized as fees for technical services. According to the Income Tax Department, tax was not deducted at source on these payments under Section 195 of the Act.

Consequently, the department has raised a demand for the applicable tax under Section 201(1), along with interest under Section 201(1A) of the Income Tax Act.

Company's Response and Next Steps

Amagi Media Labs has stated that it is in the process of filing an appeal with the appellate authority against the demand order. The company has indicated that while there is a financial impact to the extent of the demand and interest imposed, there is no impact on the operations of the company.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been hosted on the company's website for investor reference.

Financial Impact Assessment

The company has clarified that the financial impact of the order is limited to the extent of the demand and interest imposed. The management has emphasized that the order does not affect the company's operational activities, suggesting that business operations will continue normally while the legal proceedings are underway.