Deep Polymers Limited has scheduled a board meeting for October 10, 2026, to deliberate on a proposal for the issuance of equity shares and equity warrants through a preferential allotment.

The company filed an intimation with BSE Limited under Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice confirms that the Board of Directors will review the capital raise plan in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013.

Meeting details and regulatory compliance

The board meeting is set to take place on Saturday, October 10, 2026. The primary agenda item is the consideration of the preferential allotment proposal. This action is subject to necessary regulatory and statutory approvals as required by law.

The filing was signed by Rameshbhai Patel, Managing Director of the company, on October 7, 2026. The communication serves as a formal disclosure to the stock exchange regarding the upcoming corporate action.

Deep Polymers Limited concluded its 21st Annual General Meeting (AGM) on September 30, 2026, approving all proposed resolutions with a 100% majority in favor.

The meeting, held via video conferencing, addressed the adoption of financial statements for the fiscal year ended March 31, 2026, and key board changes. The company reported that remote e-voting results showed unanimous support across all agenda items, with no dissenting votes recorded from the total valid votes cast.

Resolutions approved

The shareholders voted on three primary items during the AGM. The first resolution involved the adoption of the audited standalone and consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors. This ordinary resolution passed with 100% support from the votes polled.

Two additional resolutions focused on board composition:

• Re-appointment of Director: An ordinary resolution to re-appoint Mr. Aryan Rameshbhai Patel (DIN: 11053326), who retired by rotation, was passed unanimously.
• Regularization of Independent Director: A special resolution to regularize Mr. Niranjan Navratnamal Jain (DIN: 00282842) as a non-executive Independent Director also received 100% approval.

Voting details

The voting process was conducted through remote e-voting and electronic voting during the meeting. The scrutinizer, Mr. Utkarsh Shah of M/s. Utkarsh Shah & Co., confirmed that all resolutions were duly approved with the requisite majority. The following table summarizes the voting outcome for the key resolutions:

What the Numbers Show

The voting data reveals a significant concentration of shareholder participation among promoters. Promoters and promoter group members cast 1,33,78,222 votes, accounting for approximately 99.99% of the total valid votes polled for each resolution. In contrast, public shareholders, including institutions and non-institutions, contributed only 197 votes collectively. This indicates that the outcome was largely determined by the promoter group's stance, with minimal influence from the broader public float on these specific governance matters.