Foundry Fuel Products Limited has successfully completed its postal ballot process, resulting in the appointment of Mrs. Sneha Sharma as Non-Executive Independent Woman Director. The company announced the voting results on April 09, 2026, following a comprehensive e-voting process that demonstrated overwhelming shareholder support for the appointment.

Regulatory Compliance and Process

The postal ballot was conducted in full compliance with Section 108 and Section 110 of the Companies Act, 2013, along with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted its voting results to BSE Limited under Regulation 44(3), with reference to scrip code 513579 and ISIN INE617C01027.

The e-voting period commenced on March 10, 2026 at 10:00 A.M. and concluded on April 08, 2026 at 5:00 P.M. Mr. Debendra Raut, a Practicing Company Secretary with Associate Membership No. 16626, was appointed as scrutinizer by the Board of Directors on February 12, 2026.

Comprehensive Voting Results

The special resolution received exceptional approval from participating shareholders, with 37 members holding 5,629,551 shares participating in the e-voting process.

The voting results show that 70.21% of outstanding shares participated in the postal ballot, with 29 members voting in favour and only 8 members voting against the resolution.

Director Appointment and Corporate Governance

Mrs. Sneha Sharma, bearing Director Identification Number (DIN) 10680027, has been formally appointed as Non-Executive Independent Woman Director. The appointment required approval by three-fourths majority of participating shareholders as a special resolution, which was successfully achieved with 99.999% approval rate.

Documentation and Transparency

The company has fulfilled all regulatory requirements under SEBI regulations, with voting results and scrutinizer's report submitted to BSE Limited. The documentation will be made available on the company's website at www.foundryfuel.co.in and CDSL's website at www.cdslindia.com . The resolution is deemed to have been passed on April 09, 2026, with Director Nikesh Oswal (DIN: 07895357) declaring the results based on the scrutinizer's report.

The successful completion of this postal ballot demonstrates strong shareholder confidence in the company's governance decisions and commitment to board diversity through the appointment of an independent woman director.

Foundry Fuel Products Ltd has formally notified BSE Limited that it does not meet the criteria for Large Corporate classification under SEBI regulations, thereby exempting it from specific disclosure requirements. The communication, dated April 6, 2026, provides clarity on the company's regulatory compliance status regarding borrowing-related disclosures.

Regulatory Classification Status

The company has confirmed its non-applicability to SEBI circular SEBI/HO/CIR/P/2018/144 dated November 26, 2018, which pertains to borrowings by Large Corporates. This classification determines whether companies must comply with enhanced disclosure requirements for their borrowing activities.

Official Communication Details

The formal notification was addressed to the Deputy General Manager of BSE Limited at P.J. Towers, Dalal Street, Mumbai. The letter explicitly states that since the company does not fall under the Large Corporate criteria, the associated disclosure requirements are not applicable to Foundry Fuel Products Ltd.

Signatory Information

The communication was signed by Nikesh Oswal, Director of Foundry Fuel Products Ltd, with DIN: 07895357. The letter was submitted for BSE's information and record-keeping purposes, ensuring proper documentation of the company's regulatory compliance status.

This clarification helps establish the company's position regarding SEBI's borrowing disclosure requirements and provides transparency to stakeholders about its regulatory obligations.