Atharv Enterprises Limited has successfully completed its postal ballot process through remote e-voting, with results declared on April 30, 2026. The Mumbai-based company conducted the voting process to obtain shareholder approval for the appointment of new statutory auditors.

Postal Ballot Resolution Details

The company sought shareholder consent through a postal ballot notice dated March 30, 2026, for one specific resolution:

The resolution was deemed to be passed on April 30, 2026, being the last date of remote e-voting as per the company's announcement.

Compliance and Process Framework

The postal ballot was conducted in accordance with multiple regulatory requirements including:

• Section 108 and 110 of the Companies Act, 2013
• Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
• Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• Secretarial Standard on General Meetings (SS-2) issued by The Institute of Company Secretaries of India

The process also complied with various MCA circulars issued between 2020 and 2024, including the most recent circular 09/2024 dated September 19, 2024.

Distribution and Communication Process

The company dispatched the postal ballot notice along with explanatory statements and remote e-voting instructions on March 30, 2026. The distribution process included:

• Email dispatch to shareholders with registered email addresses as of the cut-off date of March 27, 2026
• Publication on the company's website
• Public advertisement published on March 31, 2026, in Active Times (English - All Edition) and Mumbai Lakshadeep (Marathi - Mumbai Edition) newspapers

Adroit Corporate Services Pvt. Ltd. served as the company's Registrar and Transfer Agent for the process.

Technical Infrastructure

Atharv Enterprises Limited engaged National Securities Depository Limited (NSDL) as the e-voting service provider to facilitate the remote e-voting process. NSDL provided both the e-voting platform and technical services required for conducting the postal ballot electronically.

Corporate Information

The results were formally declared by Managing Director Pramod Kumar Gadiya (DIN: 02258245) on April 30, 2026, from the company's Mumbai office. Atharv Enterprises Limited operates from Building No. D/27, Shop No.1, Yogi Nagar, Eksar, Borivali, Mumbai - 400091, and holds CIN: L66110MH1990PLC391158.

Atharv enterprises Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the acquisition of shares by Vandana Gadia. The disclosure reveals a significant increase in Gadia's shareholding through open market transactions.

Acquisition Details

Vandana Gadia acquired 163,882 shares of Atharv Enterprises Ltd through open market purchases conducted between 16.02.26 to 30.03.26. The acquisition represents 0.96% of the company's total voting capital.

Shareholding Position

The acquisition has resulted in a notable change in Gadia's shareholding position in the company. Her total holding has increased from 17.44% to 18.40% of the company's voting capital.

Company and Regulatory Information

Atharv Enterprises Ltd maintains its equity share capital at 170,000,000 shares both before and after this acquisition. The company's shares are listed on BSE Limited, and the total diluted share capital remains unchanged at 170,000,000 shares.

Key Details:

• Vandana Gadia does not belong to the promoter or promoter group
• All shares acquired carry voting rights
• No encumbrances, warrants, or convertible securities were involved in this transaction
• The disclosure was signed and dated 10.04.26 from Mumbai

This acquisition represents a strategic increase in Gadia's investment in Atharv Enterprises Ltd, bringing her closer to the 20% threshold that would trigger additional regulatory requirements under SEBI takeover regulations.