Gujarat Themis Biosyn Limited has initiated a postal ballot process to seek shareholder approval for raising funds up to ₹1,000 crore through Qualified Institutions Placement (QIP). The special resolution authorizes the Board to issue equity shares, warrants, or convertible securities to eligible qualified institutional buyers. The company aims to utilize the net proceeds to support its growth strategy, fund strategic projects, and for general corporate purposes, subject to regulatory caps.

The remote e-voting period commenced on June 9, 2026, at 9:00 a.m. IST and will conclude on July 8, 2026, at 5:00 p.m. IST. Members whose names appear on the Register of Members or list of Beneficial Owners as on the cut-off date of June 5, 2026, are eligible to vote. The results of the postal ballot will be declared within two working days after the conclusion of the voting period, latest by July 10, 2026.

The Board of Directors, at its meeting held on June 6, 2026, approved the proposal to recommend this special resolution. The issue price will be determined in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and may include a discount of not more than 5% to the floor price. The securities will be allotted in dematerialized form and will be subject to a lock-in period of one year from the date of allotment.

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. Shareholders can cast their votes through the CDSL or NSDL e-voting systems using their demat account credentials or by logging onto www.evotingindia.com . The notice and explanatory statement are available on the company’s website at www.gtbl.in .

Gujarat Themis Biosyn Limited shareholders have approved special resolutions to increase the company's borrowing powers and authorize loans exceeding statutory limits. The resolutions were passed through a remote e-voting process conducted by Central Depository Services (India) Limited (CDSL), with the scrutinizer's report confirming the results on June 4, 2026.

The first special resolution sought approval to increase borrowing limits under Section 180(1)(c) and to create mortgages or charges on the company's assets under Section 180(1)(a) of the Companies Act, 2013. The second resolution aimed to approve limits for giving loans, guarantees, or investments, and to acquire securities of other body corporates in excess of the limits prescribed in Section 186 of the Companies Act, 2013.

Voting Results

The voting process saw participation from various shareholder categories, including promoters and public institutions. The resolutions were passed with a strong majority, though public institutions largely voted against the proposals.

Resolution 1: Borrowing Limits and Mortgage Creation

Resolution 2: Loans and Investments Limits

Procedural Details

The remote e-voting facility was available from May 6, 2026, at 9:00 a.m. IST until June 4, 2026, at 5:00 p.m. IST. CS Ketan Ravindra Shirwadkar of KRS AND CO. served as the scrutinizer for the postal ballot process. The notice for the postal ballot was sent electronically on May 5, 2026, to members whose email addresses were registered as of the cut-off date of May 1, 2026. Advertisements regarding the dispatch of notices were published in the "Western Times" (English and Gujarati editions) on May 6, 2026.