Bhilwara Technical Textiles Submits Voting Results for Related Party Transaction Approval
Bhilwara Technical Textiles Limited officially submitted voting results and scrutinizer's report to BSE following successful postal ballot completion for related party transaction approval with Maral Overseas Limited. The e-voting process concluded on March 29, 2026, with 99.53% approval rate from public non-institutional shareholders, while promoter groups abstained from voting as required for related party transactions.

*this image is generated using AI for illustrative purposes only.
Bhilwara Technical Textiles Limited has officially submitted its voting results and scrutinizer's report to BSE Limited following the successful completion of a postal ballot process for approving related party transactions with Maral Overseas Limited. The company filed the comprehensive documentation on March 30, 2026, under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Postal Ballot Process Overview
The remote e-voting process concluded on March 29, 2026, at 5:00 p.m. (IST), with shareholders demonstrating overwhelming support for the proposed transaction. The ordinary resolution seeking approval for related party transactions with Maral Overseas Limited was passed with requisite majority.
| Process Parameter: | Details |
|---|---|
| Notice Date: | February 13, 2026 |
| Dispatch Date: | February 27, 2026 |
| E-voting Period: | February 28 to March 29, 2026 |
| Cut-off Date: | February 20, 2026 |
| Total Shareholders: | 11,549 |
| Share Capital: | ₹5,83,73,305 |
Detailed Voting Results
The voting analysis revealed strong shareholder support across categories, with public non-institutional shareholders being the primary participants in the e-voting process. Promoter group members abstained from voting on this related party transaction.
| Category: | Shares Held | Valid Votes Polled | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|---|---|
| Promoters & Promoter Group: | 4,29,27,777 | 0 | 0 | 0 | N/A |
| Public - Institutions: | 84,407 | 0 | 0 | 0 | N/A |
| Public - Non Institutions: | 1,53,61,121 | 31,50,068 | 31,35,111 | 14,957 | 99.53% |
| Total: | 5,83,73,305 | 31,50,068 | 31,35,111 | 14,957 | 99.53% |
Scrutinizer's Report
Ms. Manisha Gupta of M/s Manisha Gupta & Associates served as the appointed scrutinizer for the postal ballot process. She was designated by the Board of Directors on February 13, 2026, and submitted her comprehensive report on March 30, 2026.
| Scrutinizer Details: | Information |
|---|---|
| Name: | Smt. Manisha Gupta |
| Firm: | M/s Manisha Gupta & Associates |
| Qualification: | Company Secretary |
| Membership Number: | F6378 |
| Appointment Date: | February 13, 2026 |
| Report Submission: | March 30, 2026 |
Key findings from the scrutinizer's assessment include 65 members voting in favour with 31,35,111 shares (99.53%) and 6 members voting against with 14,957 shares (0.47%). No invalid votes were recorded during the process.
Regulatory Compliance and Documentation
The postal ballot was conducted in full compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company utilized NSDL's e-voting platform for the remote voting mechanism.
The voting results are publicly available on the company's website at www.bttl.co.in and NSDL's e-voting portal at www.evoting.nsdl.com . Company Secretary and Chief Financial Officer Avnish Maurya signed the submission documents, ensuring complete regulatory compliance and transparency in the process.
Historical Stock Returns for Bhilwara Technical Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.30% | +2.90% | -11.49% | -21.94% | -21.66% | +371.14% |
What specific business synergies might emerge from the approved related party transactions between Bhilwara Technical Textiles and Maral Overseas Limited?
How could this transaction approval impact Bhilwara Technical Textiles' market position in the technical textiles sector over the next 12-18 months?
Will this related party arrangement trigger similar strategic partnerships or transactions within the broader Bhilwara group of companies?





























