Classic Electrodes (India) Limited has announced the voting results for the Extra-Ordinary General Meeting (EGM) held on May 5, 2026. The meeting, convened at the company's Corporate Office in New Town, Kolkata, sought shareholder approval for the alteration of the main object clause of the Memorandum of Association (MoA). The resolution was passed with unanimous approval, with all votes cast in favour and none against.

Meeting Overview

The EGM was conducted from 11:00 AM to 11:30 AM under the chairmanship of Mr. Hanuman Prasad Agarwal, Non-Executive Director. The special business on the agenda involved incorporating new business activities, including elastic rail clips, aluminium wire rods, cables and conductors, various types of steel wires, and allied engineering products. Mr. Himanshu Gupta, Proprietor of M/s. Himanshu SK Gupta & Associates, Practicing Company Secretaries, Ahmedabad, was appointed as the Scrutinizer by the Board of Directors to oversee the remote e-voting and poll voting process in a fair and transparent manner.

Voting Process and Timeline

The company facilitated both remote e-voting and physical poll voting at the EGM. The remote e-voting facility, provided through National Securities Depository Limited (NSDL), commenced at 09:00 AM on May 1, 2026, and ended at 05:00 PM on May 4, 2026, after which it was blocked. During the EGM, a facility to cast votes by poll was also made available to members present. The Scrutinizer confirmed that no member voted through both modes, and no polling papers were found invalid. The cut-off date for determining shareholder eligibility was April 28, 2026, with a total of 565 shareholders on record.

Voting Results Summary

A total of 10,553,000 votes were polled, representing 58.74% of the outstanding shares. All 15 members who participated cast their votes via e-voting, with zero votes recorded against the resolution. The detailed voting breakdown is presented below.

The voting mode-wise breakdown for the special resolution on alteration of the object clause of the MoA is as follows:

Regulatory Compliance

The voting results were disclosed to the National Stock Exchange of India Limited on May 6, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report was prepared pursuant to Section 108 and 109 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The disclosure was signed by Bhagyashree Agarwal, Company Secretary (M. No.: A58764), from Kolkata. The scrutinizer, Himanshu Gupta (FCS No.: 12183, C.P. No.: 22596), confirmed that all electronic data and records relating to remote e-voting and poll papers are under safe custody and will be handed over to the authorized Company Secretary or Director after the chairman approves and signs the minutes of the EGM.