Astec LifeScences Limited submitted copies of newspaper advertisements to BSE Limited and National Stock Exchange of India Limited confirming the dispatch of its postal ballot notice. The notice, dated 2 June 2026, was dispatched to members, with advertisements published on 3 June 2026 in Business Standard (All Editions, English) and Mumbai Lakshadeep (Mumbai Edition, Marathi). The intimation was uploaded on the company’s website.

The submission complies with Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Tejashree Pradhan, Company Secretary & Compliance Officer, signed the filing on behalf of Astec LifeScences Limited.

Astec LifeSciences Limited has initiated a postal ballot process to seek shareholder approval for related party transactions with its holding companies, Godrej Agrovet Limited and Godrej Industries Limited, for the financial year 2026-27. The company proposes to enter into transactions worth an aggregate of ₹405 crore, subject to arm’s length pricing and ordinary course of business conditions. The resolutions also include the appointment of Mr. Arijit Mukherjee as Executive Director and the elevation of Mr. Vishal Sharma and Mr. Burjis N. Godrej to the Board.

The Board of Directors, based on the recommendation of the Audit Committee, has identified that the proposed transactions exceed the materiality threshold defined under Regulation 23(4) of the SEBI Listing Regulations. Consequently, shareholder approval is required to ratify these arrangements. The company stated that these transactions are expected to enhance capacity utilisation and improve operational efficiency by leveraging group synergies.

Related Party Transactions

The company has proposed an aggregate limit of ₹300 crore for transactions with Godrej Agrovet Limited, its holding company, and ₹105 crore for transactions with Godrej Industries Limited, its ultimate holding company. These limits cover the sale and purchase of goods, services, and inter-corporate deposits. The transactions will be valid for the financial year 2026-27.

The company’s consolidated turnover for the financial year 2025-26 was ₹45,321.65 lakh. The proposed limits represent 66.19% and 23.17% of the annual consolidated turnover for transactions with Godrej Agrovet Limited and Godrej Industries Limited, respectively.

Director Appointments

Shareholders are also asked to approve the appointment of Mr. Arijit Mukherjee as an Executive Director for a term of three years from April 13, 2026, to April 12, 2029. His remuneration package includes a basic salary range of ₹35 lakh to ₹42 lakh per annum, allowances and perquisites ranging from ₹1.18 crore to ₹1.40 crore, and a performance-linked variable remuneration of up to ₹36 lakh. Additionally, the appointment of Mr. Vishal Sharma and Mr. Burjis N. Godrej as Non-Executive, Non-Independent Directors, and Mr. Mathew Eipe as an Independent Director, are up for approval.

Voting Process

The e-voting facility will be available from 9.00 a.m. (IST) on June 5, 2026, until 5.00 p.m. (IST) on July 4, 2026. Members holding shares as of the cut-off date, May 29, 2026, are eligible to vote. The results of the postal ballot will be declared within two working days from the close of voting. Mr. Vikas R. Chomal, Practicing Company Secretary, has been appointed as the Scrutinizer for the process.