Coral Laboratories Ltd has approved an increase in remuneration and other facilities for Ms. Meera Doshi through a postal ballot process that concluded on July 22, 2026. The resolution, which required ordinary approval, secured 63.39% of the votes polled in favour, with 36.61% voting against it.

The postal ballot e-voting was conducted in accordance with Regulation 44 of the SEBI LODR Regulations, 2015. The voting period commenced at 09:00 a.m. on June 23, 2026, and concluded at 05:00 p.m. on July 22, 2026. National Securities Depository Limited (NSDL) served as the service provider for the e-voting platform.

A total of 3,999 shareholders were eligible to vote as on the cut-off date of June 19, 2026. Of the total outstanding shares of 3,572,600, 155,089 votes were polled, representing a participation of 15.24%. The promoter group did not participate in the voting process.

The scrutinizer's report, submitted by Sumit Khanna of M/s SARK & Associates LLP, confirmed the passing of the resolution. The report noted that there were no invalid votes recorded during the process. The detailed voting results were submitted to BSE Limited on July 23, 2026.

Voting Results Summary

Coral Laboratories Ltd has published the postal ballot notice and remote e-voting instructions in newspapers on June 23, 2026, to seek shareholder approval for increasing the remuneration of Ms. Meera Doshi, Head of Business Strategy. The notice was dispatched on June 18, 2026, and published in The Free Press Journal (English) and Nav Shakti (Marathi). The resolution seeks approval for a monthly remuneration not exceeding ₹ 6,50,000, effective from August 1, 2026, as Ms. Doshi is a related party holding an office of profit within the company.

The remote e-voting facility is available from 09:00 a.m. on June 23, 2026, until 05:00 p.m. on July 22, 2026. Shareholders whose names appear in the Register of Members or list of Beneficial Owners as on June 19, 2026, are eligible to vote. The company has engaged M/s National Securities Depository Limited (NSDL) to facilitate the process, while M/s SARIK & Associates LLP has been appointed as the Scrutinizer.

Postal Ballot and E-Voting Details

Resolution Details

The Ordinary Resolution requires consent under Section 188(1)(f) of the Companies Act, 2013, as the proposed remuneration exceeds the prescribed limit of ₹ 2,50,000 per month. The Board is authorized to alter the remuneration within the approved limit. The results will be declared on or before July 24, 2026, and communicated to BSE Limited.