Gloster Limited has initiated a postal ballot process to appoint Smt. Meeta Khare as a Non-Executive Non-Independent Director. The move follows regulatory requirements under the Companies Act 2013 and SEBI Listing Regulations.

The company dispatched the Notice of Postal Ballot along with the Explanatory Statement electronically on August 19, 2026. This communication was sent to members whose email addresses were registered with the Registrar and Share Transfer Agent or Depository Participant as of the cut-off date, August 14, 2026.

Voting Process Details

Shareholders can cast their votes through remote e-voting facilitated by Central Depositories Services (India) Limited (CDSL). The voting window is structured as follows:

Voting rights are determined by the paid-up value of shares registered in the member's name on the cut-off date. Once a vote is cast, it cannot be changed. CDSL will block the remote e-voting module immediately after the deadline.

Scrutiny and Results

Mrs. Sweets Kapoor, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent postal ballot process. She will submit the results to the Chairman or authorized officers within two working days of the voting closure.

The final results, accompanied by the Scrutinizer's Report, will be displayed on the company website, the CDSL e-voting portal, and the registered office. Simultaneously, the outcomes will be communicated to the National Stock Exchange of India Ltd and BSE Limited.

Members who have not updated their email addresses are advised to contact Maheshwari Datamatics Private Limited for physical holdings or their respective Depository Participants for electronic holdings.

Gloster Limited shareholders approved a final dividend of ₹20 per equity share for the financial year ended March 31, 2026, alongside the reappointment of Chairman Hemant Bangur, at its 104th Annual General Meeting (AGM) held on August 7, 2026. The meeting, conducted via video conferencing, witnessed strong shareholder support with over 99.99% of votes cast in favor of key resolutions, signaling confidence in the company’s governance and financial direction.

The Board of Directors recommended a dividend of 200%, equivalent to ₹20 per equity share of face value ₹10 each. This recommendation was approved by shareholders with 99.9998% of votes polled in favor. Additionally, Hemant Bangur, who retires by rotation, offered himself for reappointment and was duly elected by shareholders with 99.9997% support. The meeting also ratified the remuneration of Cost Auditors for the financial year 2026-27.

Key Resolutions Passed

All six resolutions presented at the AGM were passed with requisite majority. The voting results, scrutinized by Practising Company Secretary Sweety Kapoor under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflect high participation from promoter and institutional investors.

M/s Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), was appointed as the Statutory Auditors of the Company. The appointment received 99.9998% support from shareholders. The record date for determining voting entitlements was July 31, 2026, with a total of 8,331 shareholders on record.

Voting Participation and Process

The AGM was conducted in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars permitting meetings via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Remote e-voting was facilitated by Central Depository Services (India) Limited (CDSL) from August 4 to August 6, 2026.

A total of 9,199,322 votes were polled out of 10,943,250 shares held by shareholders on the record date, representing an 84.06% participation rate. Promoter group shareholders held 7,953,823 shares and voted in favor of all resolutions. Institutional investors held 1,538,619 shares, while non-institutional public shareholders held 1,450,808 shares. Only 23 votes were cast against any resolution across all items, indicating minimal dissent.

What the Numbers Show

The near-unanimous approval of the dividend and board appointments underscores strong alignment between management and shareholders. With promoters holding approximately 72.7% of the total share capital (7,953,823 out of 10,943,250 shares), their consistent support drives the overwhelming majority in voting outcomes. The high e-voting participation rate of 84.06% suggests robust engagement from the shareholder base, particularly among institutional and promoter groups who collectively accounted for over 99% of the votes cast.