Fratelli Vineyards Limited has completed the dispatch of postal ballot notices on June 03, 2026, to seek shareholder approval for a related party transaction involving a sponsorship of ₹5 crore. The expenditure, capped at INR 5,00,00,000 over four years, will be incurred by its wholly owned subsidiary, Fratelli Wines Private Limited, to fund the 'Viticulture and Enology Programme (Fall 2026)' at Cornell University, New York. The transaction is intended to align with the company's core wine business objectives.

The beneficiary, Mr. Keshav Sekhri, is an employee of Fratelli Wines Private Limited and the son of Ms. Puja Sekhri, a Director of the company and its subsidiary. Consequently, the transaction qualifies as a related party transaction under Section 2(76) of the Companies Act, 2013, and Regulation 2(1)(zb) of the SEBI LODR Regulations. The Audit Committee has approved the proposal, which requires shareholder consent as an Ordinary Resolution in compliance with Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI LODR Regulations.

To mitigate risks, the company has stipulated several safeguards, including the execution of a Retention or Service Bond Agreement mandating a minimum service period of five years post-completion of the course. The agreement provides for pro-rata recovery of the sponsorship amount in case of early exit or breach, along with applicable interest. Disbursements will be made directly to the educational institution or against verified documentary evidence, with periodic monitoring of academic progress.

Postal Ballot Schedule

The company has established the following schedule for the postal ballot process, utilizing a remote e-voting facility provided by National Securities Depository Limited (NSDL):

The voting period will commence on June 05, 2026, at 9.00 A.M. (IST) and conclude on July 04, 2026, at 5.00 P.M. (IST). The Board has appointed Shri Ajay Baroota, a Practising Company Secretary, as the Scrutiniser to ensure the process is conducted fairly and transparently. The results will be announced on or before July 06, 2026, and displayed on the company's website and the NSDL e-voting portal.

Sponsorship Details

The resolution seeks authorization for the subsidiary to incur the following expenses:

Fratelli Vineyards Limited [ https://scanx.trade/company/tinna-trade-ltd] has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda of the meeting is to consider, approve, and take on record the audited standalone and consolidated financial results of the company for the fourth quarter and financial year ended on March 31, 2026, along with the audit report of the statutory auditors.

The intimation was sent to the BSE Limited pursuant to the provisions of Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The board will also discuss any other matters that may come up before the meeting.

Trading Window Closure

In compliance with the Code of Practices & Procedures for fair disclosure of Unpublished Price Sensitive Information and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has stated that the trading window for dealing in securities of the company is currently closed. The window was shut effective April 01, 2026, for designated persons, connected persons, and their immediate relatives.

The trading window shall reopen after the expiry of 48 hours from the time the audited financial results for the fourth quarter and financial year ended March 31, 2026, are generally made available to the public.

Meeting Details