GHV Infra Projects Completes Postal Ballot with Unanimous Approval for RPTs
GHV Infra Projects Limited completed its postal ballot process with record date February 23, 2026, securing shareholder approval for four material related party transactions. All resolutions passed with near-unanimous support, with 15 members casting 2100604 votes representing 9.85% participation from public shareholders.
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GHV Infra Projects Limited has successfully completed its postal ballot process, securing shareholder approval for four material related party transactions. The company submitted its voting results and scrutinizer's report to BSE Limited pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Postal Ballot Overview
The postal ballot process was conducted with a record date of February 23, 2026, covering 3564 total shareholders. The company sought approval for material related party transactions with four entities through ordinary resolutions. All resolutions required shareholder consent due to promoter group interest in the proposed transactions.
| Parameter: | Details |
|---|---|
| Record Date: | February 23, 2026 |
| Total Shareholders: | 3564 |
| Voting Period: | March 01 - March 30, 2026 |
| Participating Members: | 15 |
| Total Votes Cast: | 2100604 |
| Total Shares Outstanding: | 72075000 |
Resolution Details and Results
The company presented four ordinary resolutions for shareholder approval, all related to material related party transactions:
Resolution 1: GHV (India) Private Limited
Approval for material related party transactions with GHV (India) Private Limited received unanimous support from shareholders.
| Voting Category: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Public Non-Institutions: | 2100604 | 0 | 100.00% |
| Total Result: | 2100604 | 0 | 100.00% |
Resolution 2: GHV-MHK JV
The second resolution concerning transactions with GHV-MHK JV also achieved unanimous approval.
| Voting Category: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Public Non-Institutions: | 2100604 | 0 | 100.00% |
| Total Result: | 2100604 | 0 | 100.00% |
Resolution 3: NPIPL-GHV JV
The third resolution for NPIPL-GHV JV transactions received strong support with minimal opposition.
| Voting Category: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Public Non-Institutions: | 2100601 | 3 | 99.9999% |
| Total Result: | 2100601 | 3 | 99.9999% |
Resolution 4: GHV INFRA PROJECTS-RKS-TCIPL JV
The final resolution regarding GHV INFRA PROJECTS-RKS-TCIPL JV transactions achieved unanimous approval.
| Voting Category: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Public Non-Institutions: | 2100604 | 0 | 100.00% |
| Total Result: | 2100604 | 0 | 100.00% |
Voting Process and Participation
The remote e-voting process was conducted through the NSDL platform from March 01, 2026, at 9:00 AM to March 30, 2026, at 5:00 PM. The promoter and promoter group, holding 50750000 shares, did not participate in the voting process due to their interest in the resolutions. The public non-institutional category, holding 21325000 shares, showed a participation rate of 9.8504%.
| Shareholding Category: | Shares Held | Votes Polled | Participation Rate |
|---|---|---|---|
| Promoter Group: | 50750000 | 0 | 0.00% |
| Public Non-Institutions: | 21325000 | 2100604 | 9.85% |
| Overall: | 72075000 | 2100604 | 2.91% |
Scrutinizer's Report
Kothari H. & Associates, appointed as scrutinizer on February 13, 2026, conducted the oversight of the postal ballot process. The scrutinizer confirmed that all resolutions were passed with requisite majority and validated the integrity of the voting process. The votes were unblocked from the NSDL e-voting website on March 31, 2026, at 2:49 PM in the presence of witnesses Mr. Sauhadra Tiwari and Mr. Prathmesh Rane.
Regulatory Compliance
The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014. Company Secretary Daksh Tulsibhai Mewada digitally signed the submission to BSE Limited on March 31, 2026, ensuring full regulatory compliance under SEBI listing obligations.
What is the estimated financial value and timeline for executing these approved related party transactions with the four joint venture entities?
How might these material related party transactions impact GHV Infra Projects' project pipeline and revenue growth in the infrastructure sector?
Will the company need to seek additional approvals from regulatory bodies or lenders before implementing these joint venture agreements?
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