Grover Jewells Limited, formerly known as Grover Chain Private Limited, has issued a Postal Ballot Notice dated May 11, 2026, seeking members' approval through remote e-voting for four special resolutions. The notice follows the Board of Directors meeting held on May 05, 2026, at the company's registered office in New Delhi, where these proposals were approved. The disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. E-voting is facilitated through Central Depository Services (India) Limited (CDSL), with the cut-off date for determining eligible members set at May 01, 2026.

E-Voting Schedule

The remote e-voting window for the postal ballot has been formally scheduled as follows:

The EVSN (E-voting Sequence Number) assigned for this postal ballot is EVSN260511006. Results, along with the Scrutinizer's report, will be made available on the company's website, the NSE website, the RTA website ( www.maashitla.com ), and on CDSL's e-voting portal ( www.evotingindia.com ).

Special Resolutions Proposed

Four special resolutions have been placed before members for approval. The following table summarises the resolutions under the postal ballot:

Borrowing Powers and Managerial Remuneration Details

Under Item No. 1, the company proposes to increase its borrowing limit from Rs. 1,00,00,00,000 (Rupees One Hundred Crore only) to Rs. 5,00,00,00,000 (Rupees Five Hundred Crore only), in suppression of the earlier special resolution passed at the Extraordinary General Meeting held on August 04, 2025. This increase is being sought to meet the company's business operational requirements. Under Item No. 2, the overall cap on managerial remuneration payable to all directors is proposed to be revised to Rs. 7,00,00,000 (Rupees Seven Crore only) per annum, which may exceed the limit of 11% of net profits as computed under Section 198 of the Companies Act, 2013. Within this overall cap, the Managing Director and Whole-time Director may be paid up to Rs. 5,00,00,000 (Rupees Five Crore only) per annum, while other directors may receive up to Rs. 2,00,00,000 (Rupees Two Crore only) per annum.

The following table provides a consolidated view of the key financial parameters under the proposed resolutions:

Scrutinizer and Process Details

The Board has appointed Mr. Avnish Sharma (COP: 23167), Partner at M/s. Avnish Sharma & Associates, Company Secretaries, as the Scrutinizer for conducting the postal ballot and remote e-voting process in a fair and transparent manner. The Scrutinizer is required to submit his report to the Managing Director upon completion of scrutiny, not later than June 12, 2026. Resolutions passed by shareholders with the requisite majority through the postal ballot shall be deemed to have been passed at a General Meeting of Members convened on that behalf. Members are advised to cast their votes electronically through the CDSL platform using their demat account credentials or through the CDSL e-voting website ( www.evotingindia.com ) within the stipulated voting period.

Source: None/Company/INE1TY801010/627cef01f9104c9a.pdf