Fratelli Vineyards Limited has secured shareholder approval for the sponsorship of higher education for Mr. Keshav Sekhri under its Employee Learning & Development Programme, classified as a Related Party Transaction. The resolution was passed via a postal ballot conducted through remote e-voting, concluding on July 04, 2026. The approval authorizes the company to proceed with the sponsorship, which involves a related party, ensuring compliance with regulatory requirements for such transactions.

The voting process was scrutinized by Mr. Ajay Baroota, a Practicing Company Secretary, who submitted his report on July 06, 2026. A total of 128 shareholders participated, casting votes on 28,546,809 equity shares. The resolution received strong support, with 99 shareholders voting in favour and 29 voting against. The outcome demonstrates clear shareholder backing for the management's proposal to invest in employee development.

Voting Breakdown

The detailed voting results reveal the distribution of votes across different shareholder categories. The table below summarizes the final voting figures:

Resolution Details

The specific resolution approved was an Ordinary Resolution seeking consent for the sponsorship of Mr. Keshav Sekhri's higher education. As a Related Party Transaction, the approval was necessary to adhere to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting facility was open from June 05, 2026, to July 04, 2026, allowing eligible shareholders registered as of May 29, 2026, to participate.

The Scrutinizer's report confirmed that the resolution was passed with the requisite majority. Excluding votes from interested persons, which are not counted towards the final determination, 24,531,680 valid votes were cast in favour compared to 368,308 against. The results have been submitted to BSE Limited and are available on the company's website.

Fratelli Vineyards Limited’s board has approved an investment of ₹7,52,40,000 to subscribe to 3,80,000 fully paid equity shares in its wholly owned subsidiary, Fratelli Wines Private Limited (FWPL). The shares, with a face value of ₹10 each, will be subscribed at a price of ₹198 per share, including a premium of ₹188. This capital infusion is intended to finance the working capital requirements of the subsidiary, which is engaged in the manufacturing, importing, exporting, processing, and selling of wines and alcoholic beverages.

The transaction was approved during a board meeting held on June 24, 2026, and falls under the category of related party transactions as FWPL is a wholly owned subsidiary. The company stated that the transaction is being conducted at arm's length. Promoters Puja Sekhri, Gaurav Sekhri, and Aditya Brij Sekhri serve as directors in FWPL, though the promoter group holds no other interest in the entity beyond the parent company's shareholding.

The subscription is expected to be completed on or before August 30, 2026. Following the allotment, there will be no change in the shareholding pattern, as FWPL will continue to remain a 100% wholly owned subsidiary of Fratelli Vineyards Limited. The investment was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Overview of FWPL

FWPL reported a turnover of ₹18,120.04 lakh for the financial year ended March 31, 2026. The subsidiary has been operational since September 17, 2007, and maintains its presence exclusively in India.

Turnover History

The board meeting, which commenced at 12:00 PM and concluded at 12:45 PM on June 24, 2026, also reviewed the regulatory disclosures required under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Monika Gupta, Company Secretary, signed the regulatory filing submitted to the BSE Limited.