Astec LifeSciences Limited secured shareholder approval for the appointment of four directors and related party transactions for the financial year 2026-27 through a postal ballot process that concluded on July 4, 2026. The resolutions, which included the appointment of Mr. Vishal Sharma and Mr. Burjis N. Godrej as Non-Executive, Non-Independent Directors liable to retire by rotation, were passed with the requisite majority. Additionally, Mr. Arijit Mukherjee was appointed as a Director and Executive Director while continuing as the Chief Operating Officer, and Mr. Mathew Eipe was appointed as an Independent Director.

Shareholders also approved ordinary resolutions for related party transactions with Godrej Agrovet Limited, the holding company, and Godrej Industries Limited, the ultimate holding company. These transactions, exceeding the materiality threshold under Regulation 23(4) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, are authorized for the financial year 2026-27. The postal ballot notice was dispatched on June 2, 2026, to members registered as of the cut-off date of May 29, 2026, with remote e-voting facilitated through the National Securities Depository Limited (NSDL) platform from June 5, 2026, to July 4, 2026.

The scrutinizer's report, issued by Dr. Vikas Ramchandra Chomal of Vikas R. Chomal and Associates, validated the voting results. The report confirmed that all seven resolutions were passed, with the related party transactions resolutions receiving 52.86% votes in favour and 47.14% votes against. The detailed voting outcomes reflect the participation of promoters, public institutions, and public non-institutions through e-voting, while no physical postal ballots were received.

Voting Results Summary

Astec Lifesciences Limited will hold its 32nd Annual General Meeting (AGM) on Friday, July 31, 2026, at 4.00 p.m. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting is being convened pursuant to the Ministry of Corporate Affairs Circulars, including General Circular No. 03/2025 dated September 22, 2025, which permits holding AGMs without physical shareholder presence.

The company has announced that remote e-voting facilities will be available to all shareholders. The voting period commences at 9.00 a.m. on Sunday, July 26, 2026, and concludes at 5.00 p.m. on Thursday, July 30, 2026. Shareholders holding shares in either physical or dematerialized form as of the cut-off date, Friday, July 24, 2026, are eligible to cast their votes during this window.

Key Dates and Schedule

The Register of Members and Share Transfer Books will remain closed from Sunday, July 26, 2026, to Thursday, July 30, 2026, for the purpose of annual closing. Electronic copies of the Notice of the AGM and the Annual Report for the Financial Year 2025-26 will be sent to shareholders whose email addresses are registered with the company or depository participants. These documents will also be available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited.

Shareholders who have not registered their email addresses are requested to update them. Those holding shares in physical mode must send a duly filled Form ISR-1 to the Registrar and Share Transfer Agent, Bigshare Services Private Limited, while dematerialized shareholders must update their details with their respective Depository Participants.