Choice International has acquired a 100% equity stake in Ellora Solutions Private Limited for a total consideration of ₹11,60,000. The transaction, disclosed on May 25, 2026, will result in Ellora becoming a wholly owned subsidiary of the company. This strategic move is intended to support the expansion of Choice International's real estate and infrastructure consultancy services.

The acquisition involved the purchase of 10,000 equity shares at a price of ₹116 per share. Ellora Solutions operates in the consultancy services sector and is incorporated under the Companies Act 2013 with its registered office in Delhi. The transaction was executed as a cash consideration and is not classified as a related party transaction.

Provisional financial details for Ellora Solutions as on March 31, 2026, indicate a turnover of ₹28,31,200 and a net worth of INR 15,33,320. The entity has a presence in India. The acquisition aligns with Choice International's existing business objectives and is expected to facilitate activities related to property acquisition and other ancillary services.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Karishma Shah, Company Secretary & Compliance Officer, signed the disclosure on behalf of Choice International.

Financial History of Ellora Solutions

The target entity has demonstrated varying turnover figures over the past three years.

Acquisition Details

Choice International Limited has successfully concluded its postal ballot e-voting process, with two special resolutions passed by shareholders as of May 10, 2026. The voting period ran from April 11, 2026 at 9:00 a.m. to May 10, 2026 at 5:00 p.m., pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results and Scrutinizer's Report were submitted on May 12, 2026 by the appointed scrutinizer, Mr. Manoj Mimani, Partner of R M Mimani & Associates LLP, Company Secretaries.

Shareholder Participation

The total number of shareholders on the record date of April 03, 2026 stood at 26,834. Across both resolutions, total shares outstanding were 222776500. Voting was conducted exclusively through electronic means (e-voting) via the CDSL portal, with no votes recorded through poll or postal ballot modes.

Resolution 1: Appointment of Non-Executive Independent Director

The first special resolution pertained to the appointment of Mrs. Barnali Mukherjee (DIN: 11063352) as Non-Executive Independent Director of the Company. The resolution received overwhelming shareholder support. The following table summarises the voting outcome by shareholder category:

The scrutinizer's report confirmed that Item No. 1 stands passed with the requisite majority. As reported in the scrutinizer's detailed breakdown, 262 shareholders voted in favour with 13,09,73,203 shares (100% of valid votes), while 11 shareholders voted against with 1,291 shares.

Resolution 2: Approval for Loans, Guarantees, Securities, and Investments Under Section 186

The second special resolution sought shareholder approval for granting loans, providing guarantees or securities, and making investments in excess of the limits specified under Section 186 of the Companies Act, 2013. This resolution saw a more varied response from institutional investors, though it was ultimately passed with the requisite majority. The category-wise voting details are as follows:

The scrutinizer's report confirmed that Item No. 2 stands passed with the requisite majority. Per the detailed scrutinizer's breakdown, 160 shareholders voted in favour with 12,82,86,650 shares (97.95% of valid votes), while 112 shareholders voted against with 26,87,144 shares (2.05% of valid votes). Notably, Public Institutions voted predominantly against this resolution at 96.9954%, while Promoter & Promoter Group and Public Non-Institutions voted overwhelmingly in favour.

Scrutinizer's Report and Compliance

Mr. Manoj Mimani (ACS No: 17083, CP No: 11601) of R M Mimani & Associates LLP (Firm Registration No.: L2015MH008300) was appointed as Scrutinizer on March 27, 2026. The scrutinizer confirmed that the postal ballot process, including remote e-voting, was conducted in a fair and transparent manner based on data downloaded from the CDSL e-voting portal. Both special resolutions are deemed to have been passed on May 10, 2026, the last date of remote e-voting, after the conclusion of the voting period at 5:00 p.m. The results were disclosed pursuant to Regulation 44(3) of the SEBI Listing Regulations and are available on the company's website at https://choiceindia.com/ .