Atharv Enterprises Limited has announced the voting results of its postal ballot e-voting process conducted for the appointment of statutory auditors. The company submitted the scrutinizer's report to BSE Limited on May 4, 2026, confirming that the resolution to appoint M/s. Shweta Jain & Co LLP as statutory auditors was passed with requisite majority.

Voting Results Summary

The postal ballot process, which concluded on April 30, 2026, saw significant shareholder participation with a total of 5,721,574 votes polled. The resolution received overwhelming approval from shareholders across all categories:

The company had a total of 8,921 shareholders on the record date of March 27, 2026, with 17,000,000 outstanding shares. The overall voting participation stood at 33.66% of total outstanding shares.

Postal Ballot Process Details

The postal ballot notice was issued on March 30, 2026, seeking shareholder approval through remote e-voting. The e-voting period remained open from April 1, 2026, at 9:00 a.m. IST to April 30, 2026, at 5:00 p.m. IST. National Securities Depository Limited (NSDL) served as the e-voting service provider, facilitating the electronic voting process.

Nidhi Bajaj, a Practicing Company Secretary from Nidhi Bajaj & Associates, was appointed as the scrutinizer to oversee the voting process. The scrutinizer verified the votes cast through the remote e-voting system and confirmed the results in the report submitted on May 4, 2026.

Compliance Framework

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The process also adhered to Secretarial Standard on General Meetings (SS-2) issued by The Institute of Company Secretaries of India.

The results were formally declared by Managing Director Pramod Kumar Gadiya (DIN: 02258245) on May 4, 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.