Antarctica Limited shareholders have approved an increase in the company's authorised share capital and the appointment of key directors through a postal ballot conducted on June 21, 2026. The resolutions were passed with the requisite majority, facilitating future fund-raising activities and formalising the leadership structure.

The postal ballot results, declared on June 23, 2026, saw the approval of four resolutions. Varsha Rani Agarwal served as the scrutinizer for the process, which was conducted in accordance with Regulation 44 of the SEBI (LODR) Regulations, 2015.

Share Capital Increase

Shareholders approved an ordinary resolution to increase the authorised share capital from ₹67,00,00,000 to ₹87,00,00,000. This involves the creation of an additional 20,00,00,000 equity shares of ₹1 each. The capital increase is intended to facilitate future fund raising, potentially through a rights issue.

The resolution received 99.60% of the votes polled, with 2,179,090 shares voting in favour and 8,779 voting against.

Director Appointments

The company secured shareholder approval for the appointment of Mr. Aryan Arvindbhai Prajapati as Executive Managing Director for a term of five consecutive years until January 08, 2031. Prajapati, who holds DIN 11465461, was previously appointed as an Additional Director designated as Managing Director effective January 09, 2026. This resolution passed with 93.17% of the votes polled.

Additionally, shareholders approved the appointment of Mr. Nitinbhai Babubhai Karan as a Non-Executive Independent Director for a term of five years up to January 08, 2031. Karan holds DIN 11466294 and was also appointed as an Additional Director on January 09, 2026. This special resolution received 93.05% of the votes polled.

A fourth resolution regarding the appointment of Mr. Tarunkumar Dineshbhai Sindhav as a Non-Executive Independent Director was also approved. Sindhav, appointed as an Additional Director on February 10, 2026, will serve for a term ending February 09, 2031. This special resolution passed with 92.91% of the votes polled.

Voting Summary

The following table summarises the voting results for the resolutions put to the postal ballot:

Antarctica Limited has announced the commencement of a postal ballot via remote e-voting to seek shareholder approval on key corporate proposals. The company has completed the dispatch of the postal ballot notice to members registered as on May 15, 2026. The voting facility will be available from Saturday, May 23, 2026, at 9:00 AM until Sunday, June 21, 2026, at 5:00 PM.

Resolutions for Shareholder Approval

The company has placed four special business items before the shareholders. The primary proposal seeks approval to increase the authorised share capital. The company plans to raise the capital from ₹67,00,00,000 divided into 6.7 crore equity shares to ₹87,00,00,000 divided into 8.7 crore equity shares of ₹1 each. This increase is intended to facilitate future fund-raising activities, potentially through a rights issue.

Additionally, the notice includes the appointment of three directors. Mr. Aryan Arvindbhai Prajapati (DIN: 11465461) is proposed for appointment as Executive Managing Director for a term of five consecutive years ending January 08, 2031. The company also seeks approval for the appointment of Mr. Nitinbhai Babubhai Karan (DIN: 11466294) and Mr. Tarunkumar Dineshbhai Sindhav (DIN: 11499512) as Non-Executive Independent Directors for terms ending January 08, 2031, and February 09, 2031, respectively.

Voting Details and Process

The e-voting process is being managed by National Securities Depository Limited (NSDL). Shareholders holding shares in either physical or dematerialized form as of the cut-off date of May 15, 2026, are eligible to vote. The company has specified that voting is restricted to remote e-voting only, and physical postal ballot forms will not be accepted.

Scrutinizer and Results

Varsha Rani Agarwal, Practicing Company Secretaries, has been appointed as the scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The scrutinizer will submit a report to the Chairman following the conclusion of the voting period. The results of the postal ballot are expected to be announced within two working days after the e-voting ends on June 21, 2026. The declared results will be communicated to the National Stock Exchange and displayed on the company’s website.