Belrise Industries Limited has received shareholder approval to raise funds aggregating up to ₹20,000 million through a Qualified Institutions Placement (QIP). The special resolution was passed with 99.8178% of valid votes in favour, enabling the company to issue equity shares or other equity-linked instruments. This approval allows the firm to secure capital subject to necessary regulatory and governmental clearances.

The postal ballot process, conducted via remote e-voting, saw participation from 870 members who cast valid votes. A total of 748,320,342 valid votes were polled, with 746,957,191 votes supporting the resolution. The voting period commenced on June 1, 2026, and concluded on June 30, 2026.

Voting Breakdown

The scrutinizer’s report detailed the voting patterns across different shareholder categories. Promoters and the Promoter Group cast 591,383,264 votes, all in favour of the resolution. Public Institutions and Public Non-Institutions also participated, with the majority of votes from these segments supporting the fund raise.

Procedural Details

CS Makarand Lele of Makarand Lele & Co., Practicing Company Secretaries, served as the Scrutinizer for the postal ballot. The report was submitted on July 2, 2026, confirming that the resolution secured the requisite majority. The notice for the postal ballot was dated May 29, 2026, and the record date for determining eligibility was May 22, 2026.

A total of 2,46,59,662 votes were declared invalid during the process. The results have been disclosed to the stock exchanges and are available on the company’s website. The approval paves the way for Belrise Industries to proceed with the QIP to bolster its capital structure.

Belrise Industries has authorised its Chief Financial Officer, Mr. Rahul Ganu, and Company Secretary, Mr. Siddhesh Mandke, to determine the materiality of events or information for disclosures to stock exchanges. This authorisation, effective June 14, 2026, was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The designation of these officers ensures the company meets its compliance obligations regarding timely dissemination of material information.

Siddhesh Mandke was recently appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) and Head of Legal, effective June 14, 2026. He succeeds Manish Kumar, who resigned from the positions of Head of Legal, Company Secretary, and Compliance Officer effective June 12, 2026, due to personal circumstances. The Board of Directors approved Mandke's appointment based on the recommendation of the Nomination and Remuneration Committee.

Mandke brings 20 years of experience in corporate laws, legal affairs, and compliance management. He is an Associate Member of the Institute of Company Secretaries of India (ICSI), New Delhi, holding membership number ACS 20101. His qualifications include M. Com, DBM, MMS (Finance), and LLB from Pune University. Previously, he worked with Vascon Engineers Limited, Kirloskar Corrocoat Pvt Limited, Kirloskar Brothers Limited, and Finolex Cables Limited.

The appointment was made under Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI Listing Regulations, 2015. Supriya Shrikant Badve, Executive Director of Belrise Industries, signed the intimations sent to the exchanges regarding the resignation, appointment, and the new authorisation for materiality determination.

Authorised Officers for Materiality Determination

Details of Appointment