Bilcare Limited shareholders have approved the appointment of Mrs. Ashwini Ashok Hasabnis as a Non-Executive Woman Independent Director for a term of five years. The special resolution received overwhelming support, with 99.94% of votes cast in favour and only 0.06% against, marking a decisive endorsement of the Board’s governance structure. The appointment strengthens the company’s independent oversight capabilities as it continues to operate in the healthcare sector.

The resolution was transacted through a postal ballot process conducted via remote e-voting, compliant with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting window remained open from June 23, 2026, at 09:00 A.M. IST to July 22, 2026, at 05:00 P.M. IST. Shareholders holding equity shares on the record date of June 12, 2026, were eligible to vote. Mr. Shekhar Ghatpande, Partner at Ghatpande & Ghatpande Associates, served as the scrutinizer for the process and submitted his report on July 23, 2026.

Voting Results Breakdown

The total number of shares held by eligible shareholders stood at 23,545,231. Of these, 5,994,442 shares voted, representing a participation rate of 25.46%. The promoter group held 7,066,611 shares and cast all 5,861,489 polled votes in favour of the resolution. Public non-institutional shareholders held 16,468,620 shares; of the 132,953 votes polled from this category, 129,387 were in favour and 3,566 were against.

As per Section 114 of the Companies Act, 2013, a special resolution requires votes cast in favour to be three times more than those cast against. With 5,990,876 votes in favour versus 3,566 against, the resolution comfortably met this threshold. The scrutinizer’s report confirmed that no invalid votes were recorded during the process.

Governance Implications

The appointment of Mrs. Hasabnis, identified by DIN 07766525, adds to Bilcare’s independent director strength, ensuring compliance with corporate governance norms regarding board composition. The high level of support from both promoter and public shareholders indicates strong confidence in the candidate’s qualifications and the Board’s selection process. The remote e-voting mechanism facilitated broad participation without the need for physical meetings, aligning with regulatory pushes for digital shareholder engagement. The voting results and scrutinizer’s report are available on the company’s website and the portal of MUFG Intime India Pvt. Ltd., the Registrar and Share Transfer Agent.

Bilcare Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mrs. Ashwini Ashok Hasabnis as a Non-Executive Woman Independent Director. The resolution proposes a tenure of five years, effective from April 25, 2026, to April 24, 2031, subject to the consent of the members. Mrs. Hasabnis, a legal professional with over two decades of experience, was initially appointed as an Additional Director by the Board on April 25, 2026.

The appointment requires ratification by shareholders within three months of the initial Board appointment to comply with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As the forthcoming General Meeting is not scheduled within this period, the company is utilising the postal ballot route to secure the necessary approval. Mrs. Hasabnis holds no shares in the company and is entitled only to sitting fees as remuneration.

Voting Schedule and Process

The remote e-voting facility is available to shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date of June 12, 2026. The voting period commences on June 23, 2026, at 09:00 Hours IST and concludes on July 22, 2026, at 17:00 Hours IST. Physical copies of the postal ballot notice are not being dispatched; members must vote electronically through the designated systems.

Appointment Details

Mrs. Ashwini Ashok Hasabnis (DIN: 07766525) brings extensive legal expertise to the Board. She has attended one Board meeting since her initial appointment. The company has engaged MUFG Intime India Private Limited to facilitate the e-voting process, while M/s. Ghatpande & Ghatpande Associates, Practicing Company Secretaries, will act as the Scrutinizer to ensure a transparent voting process.

The results of the postal ballot will be announced within two working days from the closure of the e-voting period and will be displayed on the company's website. The resolution, if passed with the requisite majority, shall be deemed to have been passed on the last date specified for receipt of votes.