Emami Realty Limited successfully concluded its postal ballot process on March 27, 2026, with shareholders overwhelmingly approving two material related party transactions totaling ₹750,00,00,028. The company's Board of Directors had initiated the postal ballot process on February 23, 2026, seeking shareholder approval for strategic financial restructuring and business expansion initiatives.

Debenture Terms Modification Approved

The first resolution involved a significant modification to the company's existing debt structure. Shareholders approved changes to 8,53,65,854 Non-Convertible Debentures (NCDs) with a face value of ₹82 each, representing a total value of ₹700,00,00,028. The key modification involved revising the coupon rate from 7.50% per annum to 10% per annum, reflecting current market conditions and providing enhanced returns to debenture holders.

The resolution grants the Board of Directors authority to determine the effective date for the revised coupon rate implementation and provides flexibility to modify terms and conditions during the NCD tenure, subject to regulatory compliance and debenture holder approvals where required.

Strategic Acquisition Partnership

The second resolution approved a material related party transaction with Orbit Abasan Private Limited, where the company's MD & CEO serves as a director. This transaction involves the acquisition of project undertaking up to an aggregate limit of ₹50,00,00,000, expanding Emami Realty's project portfolio and business operations.

Overwhelming Shareholder Support

Both resolutions received exceptional shareholder support, demonstrating strong confidence in the company's strategic direction. The voting results were identical for both resolutions, with 83 members participating in the e-voting process.

Digital Voting Process

The postal ballot was conducted entirely through remote e-voting, adhering to Ministry of Corporate Affairs guidelines and SEBI regulations. The voting period commenced on February 26, 2026, at 10:00 AM and concluded on March 27, 2026, at 5:00 PM. Central Depository Services Limited (CDSL) provided the e-voting platform, while Mr. Raj Kumar Banthia of MKB & Associates served as the scrutinizer.

Key process highlights included:

• Cut-off date for eligible voters: February 20, 2026
• Notice dispatch completion: February 25, 2026
• Newspaper advertisement publication: February 26, 2026
• Results declaration: March 27, 2026

The company followed all regulatory requirements under the Companies Act, 2013, SEBI Listing Regulations, and applicable MCA circulars, ensuring transparent and compliant shareholder consultation. The successful approval of both resolutions positions Emami Realty for enhanced financial flexibility and strategic growth opportunities in the real estate sector.

Emami Realty Limited has successfully completed its postal ballot process, with shareholders approving two critical material related party transactions that will enhance the company's financial flexibility and growth prospects. The voting process concluded on March 27, 2026, demonstrating strong shareholder support for the proposed corporate actions.

Postal Ballot Process Overview

The company conducted the postal ballot exclusively through remote e-voting, in compliance with SEBI Listing Regulations and MCA guidelines. The process was overseen by scrutinizer Raj Kumar Banthia from MKB & Associates, ensuring transparency and regulatory compliance.

Resolution Details and Voting Results

Both resolutions received overwhelming approval from shareholders, with identical voting patterns reflecting strong confidence in the company's strategic direction.

Resolution 1: Debenture Terms Modification

The first special resolution approved the modification of terms for 8,53,65,854 unsecured unlisted non-convertible debentures with a face value of Rs. 82 each. The key change involved revising the coupon rate from 7.50% per annum to 10% per annum, providing enhanced returns to debenture holders.

Resolution 2: Orbit Abasan Transaction

The second ordinary resolution approved a material related party transaction with Orbit Abasan Private Limited for project acquisition, with an aggregate limit of Rs. 50,00,00,000 (Rupees Fifty Crores Only).

Comprehensive Voting Analysis

The voting results demonstrate several key insights:

• Only public non-institutional shareholders participated in the voting process
• Despite low overall participation at 0.97% of total shares, the approval rate was exceptionally high at 99.82%
• 83 members representing 427,107 shares cast valid votes
• 833 votes from promoter group were declared invalid

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under SEBI Listing Regulations, with comprehensive documentation including voting results and scrutinizer reports made available on the company website and CDSL's e-voting platform. The process adhered to MCA circulars regarding postal ballot procedures through electronic voting.

These approved transactions position Emami Realty for enhanced financial flexibility through improved debenture terms and strategic growth through the Orbit Abasan acquisition, reflecting the company's commitment to value creation for stakeholders.