Capacit'e Infraprojects Limited has successfully concluded its postal ballot process, securing overwhelming shareholder approval for a material related party transaction with 99.63% votes in favour.

Postal Ballot Resolution Details

The company sought approval through an ordinary resolution for a material related party transaction between CIL MMEPL Ekatha Private Limited, a subsidiary of the company, and Mohan Mutha Export Private Limited, a related party of the subsidiary. The postal ballot notice was dated February 11, 2026, with the record date set as February 06, 2026.

Voting Results and Participation

The remote e-voting process was conducted exclusively through NSDL's platform from February 13, 2026, at 9:00 a.m. IST to March 14, 2026, at 5:00 p.m. IST. The voting results demonstrated strong shareholder support:

Shareholder Category Breakdown

The voting pattern across different shareholder categories revealed varied participation levels:

Notably, promoter votes were not considered in the voting process as per Regulation 23 of the SEBI Listing Regulations, given their interest in the resolution.

Scrutinizer Certification and Report

CS Shreyans Jain of Shreyans Jain & Co. (FCS 8519) served as the scrutinizer for the postal ballot process and submitted the scrutinizer report dated March 16, 2026. The scrutinizer confirmed that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly followed. The votes were unblocked in the presence of two independent witnesses, Mr. Krish Shah and Mr. Ajit Tibrewal.

Regulatory Compliance and Communication

The company maintained full compliance with regulatory requirements, including publication of public notices in Financial Express (English) and Tarun Bharat (Marathi) on February 13, 2026. The postal ballot was conducted entirely through electronic means in accordance with MCA circulars, with no physical ballot forms dispatched to shareholders. Company Secretary Rahul Kapur (ACS 52093) communicated the results to BSE Limited and National Stock Exchange of India Limited on March 17, 2026, pursuant to Regulation 44 of SEBI Listing Regulations. The voting results and scrutinizer report are available on the company's website and NSDL's e-voting platform for shareholder reference.

Capacite Infraprojects has received a Letter of Intent (LOI) worth ₹537.00 crore from Raymond Realty Limited for a comprehensive construction project in Thane. The contract, excluding GST, covers the construction of multiple towers and a retail building as part of the Address by GS-3 Project and Invictus-2 Project at Thane.

Project Specifications and Scope

The construction project encompasses several key components that demonstrate the scale and complexity of the development:

Management Commentary

Commenting on the contract win, Mr. Rahul Katyal, Managing Director, expressed enthusiasm about the partnership: "We are thrilled to have been entrusted by our valued client, Raymond Realty Limited, with this repeat order. This reinforces our strong partnership and reflects our continued commitment to delivering exceptional service."

Katyal further emphasized the company's commitment to project delivery: "With a strong track record of project delivery, we're confident in our ability to meet timelines and exceed client expectations. At Capacite, we're dedicated to expanding our portfolio with quality orders and showcasing our growing expertise in project execution."

Regulatory Compliance and Business Impact

The company has confirmed through its regulatory filing that this substantial order represents a significant boost to Capacite Infraprojects' order book and reinforces its position in the Mumbai Metropolitan Region's construction sector. The work order has been received in the normal course of business and forms part of its ordinary civil contracting operations.

Capacite Infraprojects has confirmed that neither the promoters, promoter group, nor any group companies hold any interest in the entities awarding the contract. Accordingly, this order does not fall within the ambit of related party transactions, ensuring full regulatory compliance.

Strategic Significance

The mixed-use nature of the project, combining residential towers with retail infrastructure, showcases Capacite's versatility in handling diverse construction requirements. The repeat order nature from Raymond Realty Limited demonstrates the strong client relationships and execution capabilities that the company has built over time in the competitive construction sector.