Brandman Retail Limited has secured shareholder approval to alter the objects of its issue and the utilisation of proceeds from its Initial Public Offering (IPO). The special resolution was passed via a postal ballot process conducted through remote e-voting, which concluded on May 27, 2026. This approval allows the company to modify the deployment of capital raised during its public offering, a decision that directly impacts the strategic allocation of its financial resources.

The postal ballot process was overseen by Shikha Rai, a Practicing Company Secretary and Partner at M/s Mamta Binani and Associates, who was appointed as the scrutinizer on April 23, 2026. The remote e-voting facility was provided by the National Securities Depository Limited (NSDL). Voting commenced on April 28, 2026, and concluded on May 27, 2026, with the record date set as April 23, 2026. A total of 554 shareholders were eligible to participate in the voting process.

The resolution received overwhelming support from the shareholders, with 100% of the valid votes cast in favour. A total of 14,289,797 votes were polled, representing approximately 77.42% of the total outstanding shares. There were no votes cast against the resolution. The detailed voting pattern across different shareholder categories highlights the broad consensus on the strategic shift.

Voting Breakdown

The scrutinizer's report confirmed that the resolution was passed as a Special Resolution. The company had previously published public notices in the Financial Express and Jansatta on April 28, 2026, to inform shareholders about the completion of the dispatch of postal ballot notices. The results were declared on May 28, 2026, and subsequently submitted to the National Stock Exchange of India Limited.

Promoter Arun Malhotra has declared that no encumbrance was created or invoked on the equity shares of Brandman Retail Limited during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that the promoter and promoter group have not pledged or indirectly charged their shareholding in the company. This filing ensures compliance with regulatory requirements regarding the disclosure of share encumbrances.

The declaration was made in accordance with Regulation 31(4) read with Regulation 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was addressed to the Listing Department of the exchange and signed by Arun Malhotra on behalf of the promoter, members of the promoter group, and Persons Acting in Concert (PAC).

Key Details of the Disclosure

The confirmation of a clean shareholding status provides clarity to investors regarding the financial standing of the promoters. The absence of encumbrances indicates that the shares held by the promoter group are free from charges, which is a key factor for assessing the risk profile of the company's ownership structure.