Captain Technocast Limited shareholders have approved the sale of shares in Vartis Engineering Private Limited, a material subsidiary of the company. The resolution received 100% approval from public shareholders, with 3,594,000 shares voted in favour. This authorization permits the company to proceed with the divestment of its stake in the subsidiary.

The voting was conducted through a postal ballot process and remote e-voting under Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Mr. Kishor Dudhatra, a Practising Company Secretary, served as the scrutinizer for the process.

Voting Results Summary

The remote e-voting facility was provided by NSDL. The voting period commenced on May 19, 2026, at 9:00 A.M. IST and concluded on June 17, 2026, at 5:00 P.M. IST. No votes were received through physical postal ballot forms. The scrutinizer noted that votes from the promoter, promoter group, and relatives were considered invalid.

The e-voting system was locked and subsequently unblocked on June 17, 2026, in the presence of witnesses Mr. Meet Zapada and Mr. Mohit Dudhatra. The scrutinizer submitted the report to Mr. Anil V Bhalu, Chairman and Managing Director, on June 18, 2026.

Captain Technocast Limited has informed the stock exchanges regarding the publication of its postal ballot notice in newspapers. The notice, dated 18 May 2026, was published in the Financial Express on 19 May 2026. The company is seeking shareholder approval for the sale of its entire shareholding in Vartis Engineering Private Limited, a material subsidiary.

Resolution Details

The company proposes to divest 4,08,000 equity shares, constituting 51.00% of the equity share capital, for an aggregate consideration of INR 1,95,88,080. The strategic decision follows an offer from Mr. Rahul Nimavat and Mr. Ashokbhai K. Bhut to acquire the stake. The board has determined the move to be in the best interest of the company and its stakeholders. The valuation for the transaction was based on a report dated 4 May 2026, approved by the Audit Committee and the Board.

Voting Schedule and Process

The company has engaged NSDL to facilitate remote e-voting and postal ballot. The voting period commences on Tuesday, 19 May 2026, at 09:00 A.M. and concludes on Wednesday, 17 June 2026, at 05:00 P.M. Shareholders registered as of the cut-off date, Friday, 8 May 2026, are eligible to participate. The results of the postal ballot are expected to be announced on or before Thursday, 18 June 2026.

Scrutinizer Appointment

Mr. Kishor Dudhatra, Practicing Company Secretary, Ahmedabad, has been appointed as the Scrutinizer to conduct the postal ballot and e-voting process in a fair and transparent manner. The notice and relevant forms are being sent electronically to members with registered email addresses, while physical copies are dispatched to others.