Divyadhan Recycling approves FY26 results, director resigns

Divyadhan Recycling Industries approved the audited standalone financial results for the half year and year ended March 31, 2026, at its board meeting on May 28, 2026. The Statutory Auditors issued an audit report with an unmodified opinion on the financial results. The board also took note of the statement of related party transactions for the financial year ended March 31, 2026, submitted through XBRL pursuant to Section 188 of the Companies Act, 2013.

Resignation of Director

The board accepted the resignation of Mr. Niranjan Dev Sarma from the position of Non-Executive Non-Independent Director, effective May 19, 2026. The resignation was tendered due to personal and professional commitments. The board placed on record its appreciation for his contributions during his tenure. The requisite intimation was submitted to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sr. No.	Particulars	Disclosures
1	Name of the Director	Mr. Niranjan Dev Sarma
2	DIN	06462725
3	Reason for change	Resignation
4	Date of cessation	19th May, 2026

Appointment of Internal Auditor

Pursuant to the recommendation of the Audit Committee and Section 138 of the Companies Act, 2013, the board appointed Mr. Sandeep Kumar as the Internal Auditor for the financial year 2026-27. Mr. Kumar, an Accounts Manager, was appointed on May 28, 2026, based on his relevant knowledge and expertise in internal audit functions.

Sr. No.	Particulars	Disclosures
1	Name	Mr. Sandeep Kumar
2	Designation	Internal Auditor
3	Reason for change	Appointment of Internal Auditor for FY 2026-27
4	Date of appointment	28th May, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-0.33%	-13.90%	-11.16%	-23.38%	-65.25%

Divyadhan Recycling Industries Limited held its first Extra-Ordinary General Meeting (EGM No. 01/FY: 2026-27) on Friday, May 15, 2026, at 11:00 A.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting, which concluded at 11:10 A.M., was conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. Six members attended the meeting through Video Conferencing, all from the Promoter and Promoter Group category.

Key Personnel Present at the EGM

The meeting was attended by the company's directors and key managerial personnel, along with external professionals overseeing the voting process.

Attendee:	Designation
Varun Gupta (DIN: 00471296)	Managing Director
Pratik Pramod Gupta (DIN: 06576759)	Director
Sanjay Kandpal (M. No.: A63938)	Company Secretary & Compliance Officer
PCS Arpana Nassa	Scrutinizer, Partner – VS Associates, New Delhi
Representative, Skyline Financial Services Pvt. Ltd.	Registrar and Transfer Agent (RTA)

The Company Secretary, Mr. Sanjay Kandpal, welcomed the members and introduced the Board Members, Secretarial Auditors, and RTA. Managing Director Mr. Varun Gupta addressed shareholders and presented the agenda items as set out in the Notice dated April 23, 2026.

Resolutions Passed at the EGM

Three resolutions — one ordinary and two special — were taken up and approved through remote e-voting and e-voting during the meeting. The following table summarises the resolutions considered:

Item No.:	Nature	Subject Matter
1	Ordinary Resolution	Appointment of M/s MAPSS & Co., Chartered Accountants (Firm Reg. No. 012796C) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s Amarnath Sharma & Co.
2	Special Resolution	Shifting of Registered Office from the State of Maharashtra to the State of Uttar Pradesh — alteration of Clause II of the Memorandum of Association
3	Special Resolution	Issuance of 36,80,000 (Thirty-Six Lakhs Eighty Thousand) Convertible Equity Warrants on preferential basis / private placement at an issue price of Rs. 27/- per Warrant (including premium of Rs. 17/-)

Resolution No. 3 relates to the issuance of 36,80,000 convertible equity warrants at Rs. 27/- per warrant, aggregating up to Rs. 9,93,60,000/-, to identified allottees belonging to Promoter/Promoter Group and Non-Promoter categories, in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Voting Process and Results

Voting was conducted through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL) from Tuesday, May 12, 2026 at 9:00 A.M. to Thursday, May 14, 2026 at 5:00 P.M., followed by e-voting at the EGM on May 15, 2026. Members holding shares as on the cut-off date of Thursday, May 8, 2026 were eligible to vote. The e-voting at the EGM commenced at 11:00 A.M. and closed at 11:25 A.M. The consolidated voting results for all three resolutions are presented below:

Resolution:	Total Valid Votes	Votes in Favour	% in Favour	Result
Resolution 1 – Appointment of Statutory Auditors (Ordinary)	10005714	10005714	100	Passed
Resolution 2 – Shifting of Registered Office – Maharashtra to UP (Special)	10005714	10005714	100	Passed
Resolution 3 – Issuance of 36,80,000 Convertible Equity Warrants (Special)	10005714	10005714	100	Passed

The Grand Total across all categories for each resolution stood at 1,43,06,714 shares held, with 1,00,05,714 votes polled, representing 69.94% of outstanding shares, all cast in favour.

Scrutinizer's Report

Ms. Arpana Nassa, Partner of M/s VS Associates, Company Secretaries (FCS: 11994, COP: 25403, Peer Review No.: 3578/2023), was appointed as the Scrutinizer to oversee the remote e-voting and e-voting at the EGM in a fair and transparent manner. Her consolidated Scrutinizer's Report, dated May 15, 2026, confirmed that:

Resolution No. 1 (Ordinary Resolution – Appointment of Statutory Auditors) was passed, with 100% of votes cast in favour.
Resolution No. 2 (Special Resolution – Shifting of Registered Office) was passed, with 100% of votes cast in favour.
Resolution No. 3 (Special Resolution – Issuance of Convertible Warrants by way of Preferential Issue) was passed, with 100% of votes cast in favour.

The voting results and Scrutinizer's Report have been submitted to the National Stock Exchange of India Limited and uploaded on the Company's website ( www.divyadhan.in ) and on the CDSL e-voting portal ( www.evotingindia.com ). The papers and relevant records relating to electronic voting will remain in the Scrutinizer's custody until the Chairman approves and signs the minutes of the EGM, after which they will be handed over to the Company Secretary for safekeeping.