Foce India Limited has initiated a postal ballot process to seek shareholder approval for migrating from the NSE Emerge platform to the main boards of NSE and BSE. The company has also proposed the re-appointment of its Managing Director and several directors through this voting process. The move aims to transition the company from the SME platform to the main board of the stock exchanges.

The resolutions put forth for shareholder approval include migration to the National Stock Exchange of India Limited Main Board and a direct listing to the BSE Limited Main Board. Additionally, the company seeks approval for the re-appointment of Mr. Manoj Sitaram Agarwal as Managing Director for a further term of 5 years. The regularization of the appointment of Mrs. Anita Manoj Agarwal as a Non-Executive & Non-Independent Director, effective from May 27, 2026, is also on the agenda.

Further resolutions include the re-appointment of Mrs. Abhilasha Chaudhary, Mrs. Rekha Agarwal, and Mr. Lalit Kumar Tapadia as Independent Directors for a second term of 5 years each. CS. Brajesh Gupta, proprietor of M/s. Brajesh Gupta & Co, Indore, has been appointed as the Scrutinizer to ensure the e-voting process is conducted fairly.

The voting will be conducted exclusively through remote e-voting, with no physical ballot forms dispatched. The schedule for the postal ballot process has been finalized, with key dates outlined for the identification of voting rights, dispatch of notices, and the declaration of results.

Calendar of Events

The process is being conducted in accordance with the provisions of Section 108 and 110 of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that the results of the voting will be declared on or before July 18, 2026.

Foce India Limited reported a consolidated net profit of ₹1,496.57 lakh for the financial year ended March 31, 2026, representing a 3.9% increase compared to ₹1,440.23 lakh in the previous year. The company's board approved the audited financial results for the standalone and consolidated entities for the quarter and year ended March 31, 2026, alongside a proposal to migrate its equity shares listing from the SME platform to the Main Board of the National Stock Exchange of India Limited (NSE) and seek a direct listing on the Main Board of BSE Limited (BSE). These strategic moves are subject to shareholder and regulatory approvals.

The board meeting, held on May 27, 2026, also addressed key governance matters, including the re-appointment of Manoj Sitaram Agarwal as Managing Director for a term of five years effective from the completion of his existing tenure. Additionally, the board approved the appointment of Anita Manoj Agarwal as an Additional Director (Non-Executive & Non-Independent) and the re-appointment of Independent Directors Abhilasha Chaudhary, Rekha Agarwal, and Lalit Kumar Tapadia for second terms of five years each, all subject to shareholder approval via postal ballot.

Financial Performance

The standalone financial results for FY26 revealed a revenue from operations of ₹5,662.20 lakh, a significant rise from ₹3,581.90 lakh in FY25. The standalone net profit for the year stood at ₹128.24 lakh, up from ₹97.50 lakh in the prior year. On a consolidated basis, revenue from operations surged to ₹14,531.88 lakh in FY26 from ₹10,425.16 lakh in FY25. The company's total income for the consolidated year reached ₹14,571.25 lakh.

The statutory auditors, SDG & Co. Chartered Accountants, provided an unmodified opinion on the audited financial results for both standalone and consolidated statements. The board also approved material related party transactions and the draft postal ballot notice for seeking shareholder approvals on the director appointments and the proposed migration to the main board.