Cranes Software International Limited has announced that its postal ballot resolution for the appointment of Mr. Manoj Bawa (DIN: 01282046) as a Non-Executive Independent Director for a term of five years has not been passed by the members with the requisite majority. The result was declared on May 11, 2026, following the conclusion of the remote e-voting process conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process and Timeline

The company issued a Postal Ballot Notice dated April 11, 2026, seeking shareholder approval on the resolution. The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL), and shareholders holding shares as on the cut-off date of Friday, April 3, 2026 were eligible to participate.

Resolution Put to Vote

The sole resolution considered in this postal ballot was the appointment of Mr. Manoj Bawa as a Non-Executive Independent Director, proposed as an Ordinary Resolution. The votes were unblocked on May 11, 2026, in the presence of two witnesses — Nikunj Jain and Lavish R Singhvi — who are not in the employment of the company.

Voting Results

The scrutinizer's report, prepared by Mr. Mehul Jain of Mehul Jain & Associates (ICSI Unique Number: S2025KR1012600), confirmed the following outcome for Resolution No. 1:

Votes Cast in Favour:

Votes Cast Against:

Invalid Votes: NIL

With 89.58% of valid votes cast against the resolution, the appointment of Mr. Manoj Bawa as Non-Executive Independent Director did not receive the requisite majority required for an Ordinary Resolution.

Regulatory Compliance and Disclosures

The voting results and scrutinizer's report have been filed with the Bombay Stock Exchange Limited in accordance with Regulation 44(3) of the SEBI Listing Regulations. The results and report are also being hosted on the company's website at www.cranessoftware.com . The disclosure was submitted by Apeksha Nagori, Compliance Officer and Company Secretary of Cranes Software International, on May 12, 2026. The scrutinizer's report was acknowledged on behalf of the company by Mr. Mueed Khader, Director (DIN: 00106674).

Cranes Software International Limited has fulfilled its regulatory obligations by submitting a declaration under SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011 for the financial year ended 31st March 2026. The declaration confirms the company's compliance with substantial shareholding disclosure requirements and maintains transparency in promoter shareholding activities.

Regulatory Compliance Declaration

The declaration was formally submitted to the Bombay Stock Exchange on 15th April 2026 by Company Secretary Apeksha Nagori. This mandatory filing under Regulation 31(4) of SEBI's takeover regulations ensures compliance with substantial acquisition and shareholding disclosure norms.

Promoter Group Declaration

Mueed Khader, serving as Director and Promoter, signed the declaration on 8th April 2026 on behalf of the entire promoter group. The declaration specifically confirms that no encumbrance was made, directly or indirectly, on shares held by the promoter group and persons acting in concert during the financial year ended 31st March 2026.

Key Declaration Points

• No direct or indirect encumbrance on promoter shares during FY26
• Declaration covers promoter group and persons acting in concert (PAC)
• Compliance with SEBI substantial acquisition regulations maintained
• Formal confirmation submitted to both BSE and company's Audit Committee

Corporate Communication

The company maintained proper corporate governance protocols by addressing the declaration to multiple stakeholders. The communication was directed to the Department of Corporate Services at Bombay Stock Exchange and simultaneously copied to the company's Audit Committee Chairman, ensuring comprehensive regulatory compliance and internal governance alignment.

This regulatory filing demonstrates Cranes Software International Limited's commitment to maintaining transparency in shareholding patterns and adhering to SEBI's substantial acquisition and takeover regulations. The declaration provides stakeholders with assurance regarding the stability of promoter shareholding during the financial year ended 31st March 2026.