Archies Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of Mr. Varun Moolchandani as Executive Director for a period of five years effective June 24, 2026. The resolution requires shareholder consent as a Special Resolution under the Companies Act, 2013. The Board has approved the re-appointment based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Mr. Varun Moolchandani will receive a basic salary of ₹2,07,700 per month, with the Board authorized to revise it up to a ceiling of ₹2,45,000 per month based on performance. He is also entitled to perquisites, restricted to an amount not exceeding 60% of basic salary, covering benefits such as housing, medical reimbursement, and leave travel concession. The remuneration is guaranteed as a minimum payment even in the event of absence or inadequacy of profits, subject to Schedule V of the Companies Act, 2013.

To facilitate the voting process, the Board has appointed M/s Dayal & Maur Company Secretaries as the scrutinizer. The company has engaged MUFG Intime India Private Limited to provide the remote e-voting facility. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on June 24, 2026, are eligible to vote.

Key Dates and Voting Schedule

Mr. Varun Moolchandani holds 1,844,890 shares in the company as on March 31, 2026. He has 26 years of experience across business categories including Fragrance & Cosmetics and International Brand Tie-ups. He affirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other authority. The postal ballot notice is available on the company's website at www.archiesinvestors.in .

Archies Limited 's postal ballot to re-appoint Mr. Varun Moolchandani as Executive Director did not pass with the requisite majority. The resolution sought approval for a two-year term effective from May 5, 2026. The outcome alters the company's leadership structure after the exclusion of votes cast by related parties of the proposed appointee.

The remote e-voting process commenced on May 8, 2026, and concluded on June 6, 2026. Mr. Shailesh Dayal, Partner of Dayal and Maur, Company Secretaries, served as the Scrutinizer for the process. The voting was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results

The resolution was put to a special resolution vote. The Scrutinizer's report confirmed that 71.39% of the valid votes polled were in favor, while 28.61% dissented. A total of 15,111,140 votes were not considered as they were cast by 5 related parties of the proposed appointee.

Participation Details

A total of 58 members participated in the final valid voting process, representing 16,429 shares. The notice for the postal ballot was published in the Financial Express and Jansatta newspapers on May 7, 2026. The company confirmed that the results and the Scrutinizer's report are available on its website.