Ester Industries has announced the cancellation of multiple proposed share transfers within its promoter group through regulatory filings dated 24th March 2026. The development involves the withdrawal of previously planned inter-se transfers between various promoter group members due to unforeseen circumstances and personal reasons.

Multiple Transaction Cancellations

The cancelled transactions involved two separate proposed transfers:

Regulatory Filing Details

Fenton Investments Private Limited, incorporated under CIN U65990DL1990PTC266241, formally communicated the cancellation through a detailed regulatory filing. The company, with its registered office at 20 Gaushala Road, Satbari, Chattarpur, Mehrauli New Delhi, cited unforeseen circumstances for the transaction withdrawal.

Corporate Declarations and Compliance

Both cancellations were communicated to BSE Limited and National Stock Exchange of India Limited, where Ester Industries maintains its listing under scrip code 500136 and symbol ESTER respectively. Ayush Vardhan Singhania confirmed in his filing that personal reasons led to the cancellation of his proposed acquisition from his brother.

Fenton Investments Private Limited, represented by Director Pradeep Kumar Rustagi, declared that no provisions of SEBI Takeover Regulations or other applicable laws have been contravened. The formal intimations were addressed to both major stock exchanges at their respective Mumbai offices - BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, and NSE at Exchange Plaza, Bandra-Kurla Complex.

Communication Protocol

Copies of all communications were sent to Ester Industries Limited's registered office at Plot No.11, Block-A, Infocity-1, Sector-34, Gurugram. Company Secretary & Compliance Officer Poornima Gupta digitally signed the company's disclosure on behalf of Ester Industries Limited. These developments represent routine corporate actions where promoter group members adjust their shareholding plans while maintaining full regulatory compliance and transparency with market participants.

Ester Industries Limited has successfully concluded its postal ballot process, with shareholders approving all five resolutions through remote e-voting. The company announced the results on 24th March 2026, following the completion of the voting period that commenced on 20th February 2026 and ended on 21st March 2026.

Postal Ballot Overview

The postal ballot was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting facility was provided through National Securities Depository Limited, with the voting period running from 9:00 A.M. (IST) on Friday, 20th February 2026 to 5:00 P.M. (IST) on Saturday, 21st March 2026.

Key Resolutions Approved

Special Resolutions

Two special resolutions were passed with overwhelming support from shareholders:

Resolution 1: Re-appointment of Mr. Arvind Singhania (DIN: 00934017) as Managing Director received 8160460 votes in favour (99.44%) against 45660 votes (0.56%).

Resolution 2: Re-appointment of Mr. Pradeep Kumar Rustagi (DIN: 00879345) as Whole-Time Director garnered 66276284 votes in favour (99.98%) with only 11519 votes against (0.02%).

Ordinary Resolutions

Three ordinary resolutions related to material related party transactions were also approved:

Voting Participation Details

The postal ballot saw participation from different categories of shareholders, with a total of 97586191 shares eligible for voting. The overall voting turnout was 8.41% of outstanding shares, with 8206120 total votes polled across all resolutions.

Scrutinizer's Confirmation

Akash Jain, Practicing Company Secretary with Membership Number FCS 9617, served as the scrutinizer for the postal ballot process. His report confirmed that all resolutions were passed with the requisite majority, with votes of related parties excluded in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations. The scrutinizer's report was signed by Company Secretary Poornima Gupta (Membership No.: A49876) and countersigned by Chairman & CEO Arvind Singhania.

The voting results and scrutinizer's report are available on the company's website at www.esterindustries.com , as well as on the websites of BSE ( www.bseindia.com ), NSE ( www.nseindia.com ), and NSDL ( www.evoting.nsdl.com ). The successful completion of the postal ballot enables the company to proceed with the approved appointments and related party transactions as outlined in the resolutions.