Emmbi Industries Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the proposed resolution regarding a related party transaction. The resolution concerned the holding of office of place of profit in the company by Mr. Yash Ravi Punjabi and received strong shareholder support with 98.86% of polled votes cast in favor.

Postal Ballot Process and Timeline

The postal ballot process was conducted in strict accordance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sanjay R. Dholakia (Membership No. FCS 2655, COP No. 1798) of Sanjay Dholakia & Associates was appointed as the scrutinizer by the Board of Directors on February 14, 2026, to ensure a fair and transparent voting process.

Comprehensive Voting Results

The voting results demonstrated exceptional shareholder support for the proposed ordinary resolution. The company provided remote e-voting facilities through NSDL to all eligible shareholders, ensuring accessibility and compliance with regulatory guidelines established by the Ministry of Corporate Affairs.

Scrutinizer's Report and Regulatory Compliance

The scrutinizer submitted his comprehensive report on March 24, 2026, confirming that the ordinary resolution was passed with the requisite majority. A total of 250,159 votes were polled, representing 1.30% of the total outstanding shares. The resolution received support from 83 shareholders who voted in favor, while only 4 shareholders voted against the proposal.

Documentation and Stakeholder Communication

The company has fulfilled all regulatory obligations by submitting the scrutinizer's report and voting results to BSE Limited and National Stock Exchange of India Limited on March 24, 2026. The postal ballot notice was distributed electronically to shareholders whose email addresses were registered with the company, registrar and transfer agent, or depositories as of the record date.

All electronic data and relevant records relating to the remote e-voting process have been handed over to Mahipal Singh Chouhan, Company Secretary and Compliance Officer, for safe custody. The voting results and scrutinizer's report are available on the company's website at www.emmbi.com for stakeholder reference. The resolution became effective from March 23, 2026, marking the successful conclusion of the postal ballot process.

Emmbi Industries Limited has issued a comprehensive postal ballot notice dated February 14, 2026, seeking shareholder approval for a related party transaction involving the continued employment of Mr. Yash Ravi Punjabi as Vice President – Operations. The notice has been dispatched to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Transaction Details

The postal ballot seeks approval for Mr. Yash Ravi Punjabi's continued employment at a monthly remuneration of ₹5,98,000 (Rupees Five Lakh Ninety-Eight Thousand only). This transaction has become necessary following Mr. Punjabi's marriage to Ms. Maithili Appalwar on January 19, 2026, which resulted in his classification as a related party under the Companies Act, 2013.

E-voting Schedule and Process

The company has established a comprehensive e-voting schedule for shareholder participation through National Securities Depository Limited (NSDL). The cut-off date for determining eligible shareholders has been set as February 13, 2026.

Related Party Transaction Background

Mr. Yash Ravi Punjabi has been serving as Vice President – Operations since 2024, responsible for Information Technology, European operations, and key customer engagements. His marriage to Ms. Maithili Appalwar, daughter of Mr. Makrand Appalwar (Chairman and Managing Director) and Mrs. Rinku Appalwar (Executive Director & Chief Financial Officer), was legally registered on January 19, 2026.

Prior to this date, Mr. Punjabi's employment transactions were not considered related party transactions. However, following the marriage, his continued employment constitutes an office or place of profit requiring shareholder approval under Section 188 of the Companies Act, 2013.

Committee Approvals and Recommendations

The transaction has received comprehensive review and approval from multiple committees:

• Nomination and Remuneration Committee: Recommended continuation based on qualifications, experience, and performance
• Audit Committee: Reviewed and approved the transaction on February 14, 2026
• Board of Directors: Recommended the resolution for shareholder approval

The committees determined that the continuation of employment is in the ordinary course of business, on an arm's length basis, and in the company's best interest.

Scrutinizer and Compliance

Mr. Sanjay R. Dholakia (Membership No. FCS 2655, COP No. 1798), Company Secretary in Practice and Proprietor at M/s. Sanjay Dholakia & Associates, has been appointed as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

The postal ballot notice is available on the company's website at www.emmbi.com , stock exchange websites ( www.bseindia.com and www.nseindia.com ), and NSDL's e-voting portal at www.evoting.nsdl.com . Shareholders are advised to register their email addresses with the company or depositories to participate in the e-voting process.