Baheti Recycling Industries Limited has successfully completed its postal ballot process, with shareholders approving all seven special resolutions by requisite majority. The resolutions were deemed passed on July 25, 2026—the last date specified for receipt of votes through the remote e-voting process. The postal ballot notice was originally dated June 18, 2026, and the record date for determining eligible voters was June 19, 2026.

Resolutions Approved by Shareholders

Shareholders voted on a total of seven special resolutions spanning exchange migration, board appointments, and managerial remuneration revisions. The following table summarises all resolutions considered during the postal ballot:

Voting Results Summary

All seven resolutions were passed with unanimous shareholder support. The total number of shareholders on the record date of June 19, 2026 was 1,075. Across all resolutions, 7,951,445 votes were polled in favour, with zero votes against and zero invalid votes recorded. The following table presents the consolidated voting data for Resolutions 1 through 5 (applicable to 10,446,905 total shares held):

For Resolutions 6 and 7, the Public – Non Institutions category reflects shares held of 2,671,380, resulting in a marginally different total of 10,446,945 shares held and a participation percentage of 76.1126%. All other vote counts and outcomes remained identical across all seven resolutions.

E-Voting Process and Scrutinizer Details

The remote e-voting facility was provided by Purva Shareregistry (India) Private Limited. The voting period commenced on Friday, June 26, 2026 at 09:00 a.m. (IST) and closed on Saturday, July 25, 2026 at 05:00 p.m. (IST). Notices were dispatched electronically on Thursday, June 25, 2026 to members whose e-mail addresses were registered as on the cut-off date of June 19, 2026. An advertisement regarding the dispatch of the notice and the e-voting facility was published in The Financial Express (English) and The Financial Express (Gujarati) on Friday, June 26, 2026.

The scrutinizer for the postal ballot was Rutul Shukla of Rutul Shukla & Associates, Company Secretaries, Ahmedabad (Membership No.: 6776, COP No.: 7470). The scrutinizer was appointed by the Board at its meeting on June 18, 2026, and issued the scrutinizer's report on July 27, 2026. The unblocking of votes was witnessed by two independent witnesses, Mr. Sunny Soni and Mr. Naresh Asari, neither of whom is employed by the company or Purva Shareregistry.

Board-Level Changes and Remuneration Revisions

Among the approved resolutions, the appointment of two new Independent Directors marks a notable addition to the company's board. Mr. Judhisthir Behera (DIN: 08605965) and Mr. Mahadevan Viswanathan (DIN: 11755171) were both appointed through special resolutions, with the promoter and promoter group indicating no interest in these agenda items. The three remuneration-related resolutions—covering the Whole-Time Director, Managing Director, and Joint Managing Director—were noted as resolutions in which the promoter and promoter group are interested. All three passed with 100% votes in favour and zero votes against.

Baheti Recycling Industries Limited has initiated a postal ballot process seeking shareholder approval for seven special resolutions, including the migration of its equity shares from the SME platform of the National Stock Exchange of India Limited (NSE) to the main board of NSE and a direct listing on the main board of BSE Limited. The company also seeks approval for the appointment of two independent directors and the revision of remuneration for its whole-time and managing directors. The remote e-voting period is open from June 26, 2026, at 09:00 a.m. IST to July 25, 2026, at 05:00 p.m. IST.

The Board of Directors, at its meeting held on June 18, 2026, approved the proposal to migrate the listing of 1,04,46,905 equity shares from the Emerge platform to the main board of NSE and secure a direct listing on the BSE main board. The company has been listed on the SME platform since December 08, 2022, for over three years and believes it meets the eligibility criteria for migration. This move aims to enhance brand visibility, market presence, and liquidity. Additionally, the board approved the appointment of Mr. Judhisthir Behera and Mr. Mahadevan Viswanathan as Independent Directors for a term of five years commencing June 18, 2026.

Key Voting Details

The postal ballot also includes resolutions to increase the managerial remuneration of Mr. Shankerlal Shah, Whole-Time Director; Mr. Balkishan Shankerlal Shah, Managing Director; and Mr. Yash Shankerlal Shah, Joint Managing Director. The proposed remuneration revision is effective from April 01, 2026, up to the remainder of their respective tenures in March 2027. The proposed remuneration for each director shall not exceed ₹12,00,000 per month.

Mr. Rutul Shukla, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the postal ballot process is conducted fairly. The company has engaged Purva Sharegistry (India) Private Limited to provide the remote e-voting facility. Shareholders holding shares in physical or electronic form as of the cut-off date of June 19, 2026, are eligible to participate. The notice has been dispatched electronically, and physical copies have not been sent in compliance with Ministry of Corporate Affairs circulars.