East West Freight Carriers Limited (formerly known as East West Holdings Ltd) has successfully concluded its postal ballot remote e-voting process, with shareholders approving the regularisation of Mr. Manish Synghal (DIN: 01450135) as an Independent Director on the Board. The voting process, conducted exclusively through the NSDL remote e-voting platform, concluded on 7th May, 2026 at 5:00 p.m. (IST), and the Scrutinizer's report confirmed the Special Resolution was passed with the requisite majority.

Postal Ballot Process Overview

The postal ballot was initiated pursuant to a Postal Ballot Notice dated 1st April, 2026, with the company informing stakeholders of the process via an intimation dated 6th April, 2026. The key procedural timelines for the postal ballot are summarised below:

The voting was conducted solely through remote e-voting, with no physical postal ballot forms circulated, in compliance with applicable MCA Circulars. Shareholders holding shares as on the cut-off date of 3rd April, 2026 were entitled to participate in the voting process.

Resolution Passed: Regularisation of Independent Director

The sole resolution put to shareholders sought approval for the regularisation of Mr. Manish Synghal as an Independent Director on the Board of East West Freight Carriers Limited. The resolution was classified as a Special Resolution, and the promoter/promoter group was noted as having no interest in the agenda.

Voting Results

The Scrutinizer, CS Nuren Lodaya, Proprietor of M/s. Nuren Lodaya and Associates (Practicing Company Secretary, Mumbai), submitted the consolidated report confirming the outcome of the remote e-voting. The detailed voting results are presented below:

Votes in Favour

Votes Against

Invalid Votes

Category-Wise Voting Breakdown

The category-wise breakdown of votes polled provides further detail on shareholder participation across promoter and public categories:

The overall votes in favour accounted for 99.9937% of total votes polled, while votes against represented 0.0063%. The Promoter and Promoter Group voted entirely in favour of the resolution, while Public Non-Institutional shareholders recorded 95.7344% votes in favour and 4.2656% against on votes polled.

Scrutinizer's Findings and Declaration

Based on the Scrutinizer's consolidated report submitted on 8th May, 2026, the Chairman declared that Resolution No. 1 was passed with the required majority as a Special Resolution. The electronic data and relevant records pertaining to the remote e-voting process are to remain in the Scrutinizer's custody until the Chairman approves and signs the minutes, after which they will be handed over to the Company Secretary or an authorised representative. The voting results along with the Scrutinizer's Report were filed in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

East West Freight Carriers Limited has notified stock exchanges that it does not meet the criteria for classification as a large corporate entity under SEBI's debt securities regulations as of March 31, 2026. The company communicated this status update to BSE Limited and The Calcutta Stock Exchange Limited on April 23, 2026.

Regulatory Compliance Status

The company's disclosure relates to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which addresses fund raising by issuance of debt securities by large entities. According to the company's statement, it does not fulfill the criteria specified under paragraph 2.2 of the mentioned SEBI circular.

Company Information

East West Freight Carriers Limited, formerly known as East West Holdings Ltd, operates as authorized clearing and freight forwarding agents. The company is registered with CIN No. L74110MH1981PLC298496 and maintains its registered office at 62, Adarsh Industrial Estate, Sahar Road, Chakala, Andheri (East), Mumbai - 400 099.

Stock Exchange Details

The company trades on multiple exchanges with the following scrip codes:

Disclosure Implications

Since the company does not qualify as a Large Corporate under the SEBI circular, the initial and annual disclosure requirements under paragraph 4 of the regulation are not applicable. This exemption means the company is not required to comply with the specific reporting obligations mandated for large entities under the debt securities framework.

The notification was signed by CS F. Kanojia, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders regarding the company's status under SEBI regulations.