Fervent Synergies Limited has successfully completed its postal ballot process, with shareholders approving the appointment of three new Non-Executive Independent Directors through remote electronic voting. The scrutinizer's report, prepared by Mr. Sanjay R. Dholakia of Sanjay Dholakia & Associates, Company Secretaries, confirmed that all three Special Resolutions were passed with requisite majority. The report was submitted to the company on 16th May, 2026.

Postal Ballot Process and Timeline

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, as amended. The Board of Directors of Fervent Synergies Limited appointed Mr. Sanjay R. Dholakia as Scrutinizer on 26th March, 2026, and the Postal Ballot Notice was issued on the same date. The cut-off date for determining eligible shareholders was Friday, 10th April, 2026.

The remote e-voting window remained open as follows:

Resolutions Approved

Shareholders voted on three separate Special Resolutions pertaining to the appointment of Non-Executive Independent Directors. All three resolutions were passed with requisite majority. The details of each appointment are as follows:

Voting Results

The scrutinizer reviewed votes cast through remote e-voting based on data downloaded from the NSDL e-voting system. For all three resolutions, the voting results were identical. The detailed breakdown of votes cast in favour and against each resolution is presented below.

Votes Cast in Favour (All Three Resolutions)

Votes Cast Against (All Three Resolutions)

Scrutinizer's Findings and Record Custody

Mr. Sanjay R. Dholakia confirmed that the e-voting module of NSDL was disabled on Friday, 15th May, 2026 at 05:00 PM (IST), and that the votes were unblocked on 15th May, 2026 at 05:05 PM in the presence of two witnesses not in the employment of the company. All electronic data and relevant records relating to the remote e-voting process were handed over to Ms. Nehal Mehta, Company Secretary and Compliance Officer, for safe custody. The scrutinizer's report was digitally signed by Mr. Sanjay R. Dholakia (Membership No.: 2655, CP No.: 1798) and dated 16th May, 2026, from Mumbai.

Fervent Synergies Limited has filed its related party transaction disclosure for the half year ended 31st March 2026 with BSE Limited, in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018. The disclosure, signed by Managing Director Sanjay Thakkar, was submitted on May 14, 2026, and covers transactions conducted with related parties in the ordinary course of business.

Key Management Personnel and Related Parties

The disclosure identifies the Key Management Personnel (KMP) and other related parties involved in transactions during the reporting period. The following individuals are listed as Key Management Personnel:

The other related parties identified in the disclosure include:

• Posse Investments Pvt. Ltd.
• Yester Investments Pvt. Ltd.
• Hurricane Investment Pvt. Ltd.
• Verve Greens Holding and Realty Pvt. Ltd.
• Verve Greens Inc

Related Party Transactions for Half Year Ended 31st March 2026

The transactions during the half year ended 31st March 2026 span remuneration to KMPs, loan and interest arrangements, and trade transactions with other related parties. All figures are stated in Rs. In Lakhs.

Highlights of Significant Transactions

Among the disclosed transactions, the most significant involves Verve Greens Holding & Realty Pvt. Ltd., with a loan outstanding of Rs. 4,900.00 lakhs as of the half year ended 31st March 2026, alongside interest income of Rs. 147.15 lakhs. Additionally, product purchases worth Rs. 1,029.50 lakhs were recorded with Verve Greens, Inc. during the same period. These transactions were conducted in the ordinary course of business, as stated in the disclosure.

On the remuneration front, KMP payouts totalled Rs. 10.20 lakhs for the half year, with Karan V. Thakkar receiving Rs. 6.00 lakhs, Sanjay P. Thakkar receiving Rs. 3.00 lakhs, and Company Secretary Nehal Jain receiving Rs. 1.20 lakhs. The disclosure was duly authenticated with the company stamp and the signature of the Managing Director, and the company has requested BSE Limited to take the submission on record.