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/ .

Choice International Limited has informed the stock exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, issued an order dated May 11, 2026, approving the Scheme of Amalgamation for the merger of its step-down subsidiary Choice Wealth Private Limited (CWPL) into Arete Capital Service Private Limited (ACSPL). Both entities are wholly owned subsidiaries of Choice Equity Broking Private Limited (CEBPL), which is the material subsidiary of Choice International Limited. The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 12, 2026.

About the Merging Entities

CWPL and ACSPL are both engaged in the distribution of mutual funds and other wealth products. The following table provides a snapshot of the key financial and structural details of the two entities involved in the amalgamation:

Rationale for the Amalgamation

According to the disclosure, the amalgamation has resulted in operational synergies, cost efficiencies, optimal utilisation of resources, and improved overall profitability of the amalgamated entity. Both CWPL and ACSPL operated under the same management, and their activities and operations have now been consolidated into a single entity pursuant to the approved Scheme of Amalgamation.

Related Party and Shareholding Implications

Since both CWPL and ACSPL are wholly owned subsidiaries of CEBPL, the transaction constitutes a related party transaction. However, as per Regulation 23(5)(c) of the SEBI Listing Regulations, the provisions relating to related party transactions are not applicable to transactions entered into between two wholly owned subsidiaries. Additionally, since CWPL and ACSPL are step-down wholly owned subsidiaries of Choice International Limited, the amalgamation will not result in any change in the shareholding pattern of the listed entity.

Regulatory Filing

The disclosure was submitted by Karishma Shah, Company Secretary and Compliance Officer of Choice International Limited, in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information has also been made available on the company's official website.