FOCE India Limited's postal ballot process concluded with all seven resolutions treated as "Not Passed" after no valid votes were cast by shareholders during the remote e-voting period. The outcome, declared on July 18, 2026, impacts key proposals including the migration of equity shares from the National Stock Exchange of India Limited Emerge Platform to the Main Board and the re-appointment of its Managing Director. The failure to achieve a requisite majority stalls the company's planned transition to the main board and the extension of leadership terms.

The remote e-voting facility, facilitated by Purva Sharegistry (India) Private Limited, was open from 9:00 A.M. on June 17, 2026, to 5:00 P.M. on July 16, 2026. As per the Scrutinizer's Report submitted by CS Brajesh Gupta of Brajesh Gupta & Co., none of the 516 shareholders entitled to vote exercised their rights. Consequently, the requisite majority prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was not achieved for any resolution.

Voting Results

The resolutions covered special and ordinary business items critical to the company's governance and market listing strategy. The table below summarizes the proposals and the outcome:

Director Appointments

The postal ballot notice dated May 27, 2026, had sought approval for the re-appointment of Mr. Manoj Sitaram Agarwal as Managing Director for a further term of five years. Additionally, the regularization of Mrs. Anita Manoj Agarwal as Director (Non-Executive & Non-Independent) was proposed. Independent directors Mrs. Abhilasha Chaudhary, Mrs. Rekha Agarwal, and Mr. Lalit Kumar Tapadia were also proposed for re-appointment for a second term of five years. The Board confirmed that none of the proposed directors are debarred from holding the office of director by virtue of any SEBI order or other authority.

Foce India Limited disclosed that its promoters and promoter group have not created any encumbrances on their shares, directly or indirectly, as of March 31, 2026. The declaration, submitted to the National Stock Exchange, confirms that the shares held by the promoters remain free of charges as of the end of the financial year.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Manoj Sitaram Agarwal, Promoter and Managing Director, filed the declaration on behalf of the promoter and promoter group.

Promoter Shareholding Details

The filing included an annexure detailing the shareholding of each member of the promoter group as of March 31, 2026. The total shares held by the promoters and promoter group aggregate to 86,46,300.

The document was addressed to the National Stock Exchange of India Limited and copied to the Audit Committee and Foce India Limited . The confirmation provides assurance to investors regarding the unencumbered status of the promoter holdings.