Choice International Limited has issued a postal ballot notice to shareholders seeking approval for key corporate governance and financial decisions through remote electronic voting.

Postal Ballot Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, with voting conducted exclusively through electronic means. Central Depository Services (India) Limited (CDSL) has been engaged to facilitate the e-voting process, while Mr. Manoj Mimani, Company Secretary from M/s. R.M. Mimani & Associates, has been appointed as the Scrutinizer.

Independent Director Appointment

The first special resolution seeks approval for the appointment of Mrs. Barnali Mukherjee (DIN: 11063352) as Non-Executive Independent Director. The Board of Directors appointed her as an Additional Director on March 27, 2026, subject to shareholder approval.

Director Profile and Qualifications

Mrs. Mukherjee brings significant regulatory experience to the board:

Her extensive experience at the Securities and Exchange Board of India includes handling policy making, financial market regulation, compliance oversight, investor issues, and enforcement actions including insider trading matters. The appointment is for a five-year term effective March 27, 2026, and she will not be liable to retire by rotation.

Enhanced Financial Limits Authorization

The second special resolution proposes a significant enhancement to the company's financial transaction limits. The company seeks to increase its overall limit for loans, guarantees, securities, and investments from the previously approved ₹1,000 crore to ₹3,000 crore.

Financial Authorization Details

The enhanced authorization covers three key areas:

• Loans: Granting loans to any person or body corporate
• Guarantees and Securities: Providing guarantees or security in connection with loans
• Investments: Acquiring securities of other body corporates through subscription, purchase, or other means

This enhanced limit of ₹3,000 crore is over and above the statutory limits prescribed under Section 186(2) of the Companies Act, 2013, which allows up to 60% of paid-up share capital, free reserves and securities premium account, or 100% of free reserves and securities premium account, whichever is higher.

Regulatory Compliance and Voting Process

The postal ballot notice complies with Section 110 of the Companies Act, 2013, and Regulation 30 of SEBI Listing Regulations. In accordance with MCA circulars, the notice is being sent only through electronic mode to shareholders whose email addresses are registered with the company or depositories.

Shareholders holding shares in both physical and dematerialized form as on the cut-off date of April 03, 2026, are eligible to vote. The company has provided detailed instructions for e-voting through both CDSL and NSDL depository systems, ensuring accessibility for all categories of shareholders.

Board Recommendations

The Board of Directors has recommended both special resolutions for shareholder approval. For the director appointment, the board believes Mrs. Mukherjee possesses the requisite integrity, expertise, and independence criteria as specified under the Companies Act, 2013. Regarding the enhanced financial limits, the board considers this necessary for operational flexibility to undertake permissible financial support and investment activities in a timely manner to support the company's growing business requirements and future plans.

Patodia Properties Private Limited has disclosed the creation of a pledge on 2,60,000 shares of Choice International Limited under SEBI Takeover Regulations. The disclosure was made on April 04, 2026, following the pledge creation on March 30, 2026.

Share Pledge Details

The pledge involves shares being used as collateral for credit facilities with two financial institutions:

Distribution of Pledged Shares

The pledged shares have been distributed between two entities:

• Aditya Birla Finance Limited: 2,50,000 shares
• SMFG India Credit Co Ltd: 10,000 shares

Current Shareholding Position

Following this pledge creation, Patodia Properties' updated shareholding position in Choice International Limited stands as follows:

Security Cover Assessment

The disclosure provides details on the security cover for the pledged shares:

Regulatory Compliance

The disclosure has been made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document confirms that the encumbered shares represent less than 50% of the promoter shareholding and less than 20% of the total share capital of Choice International Limited.

The pledge has been created for the promoter's personal use to avail credit facilities and is not intended for the benefit of the listed company. Both Aditya Birla Finance Limited and SMFG India Credit Co Ltd are classified as NBFCs (Non-Banking Financial Companies). The disclosure was signed by Suyash Sunil Patodia, Director (DIN: 09489670) of Patodia Properties Private Limited.