Hardcastle & Waud Manufacturing Company Limited has successfully concluded its postal ballot process, with shareholders approving both resolutions by an overwhelming majority. The voting period ran from 13th April, 2026 to 12th May, 2026, and the results were declared on 12th May, 2026 by Company Secretary & Compliance Officer Smita Achrekar. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company formally intimated BSE Ltd of the approvals on 12th May, 2026. The process was conducted in accordance with the applicable provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and the MCA General Circular No. 03/2025 dated September 22, 2025.

Voting Process and Participation

The postal ballot was conducted exclusively through remote e-voting via the National Securities Depository Limited (NSDL) platform. The notice dated 8th April, 2026 was sent by email to shareholders whose names appeared in the Register of Members as on the cut-off date of Friday, 3rd April, 2026. The e-voting window opened on Monday, 13th April, 2026 at 9.00 a.m. and closed on Tuesday, 12th May, 2026 at 5.00 p.m., after which the NSDL platform was blocked. The total number of shareholders on the record date stood at 1,534.

The following table summarises overall voter participation across shareholder categories for both resolutions:

Resolution 1: Appointment of Non-Executive, Non-Independent Director

The first resolution, passed as an Ordinary Resolution, sought the appointment of Mr. Ganpat Lal Dadhich (DIN: 11612342) as a Non-Executive, Non-Independent Director of the company. The promoter and promoter group were not interested in this agenda item. The resolution received strong support across all voting categories.

Resolution 2: Adoption of New Articles of Association

The second resolution, passed as a Special Resolution, pertained to the adoption of a new set of Articles of Association of the company in substitution of the existing Articles of Association. This resolution also received near-unanimous approval, with identical voting figures to Resolution 1.

Scrutinizer's Report

M/s SKJP & Associates, Practising Company Secretaries, were appointed as Scrutinizer by the Board of Directors to oversee the remote e-voting process. Shailesh Kachalia, Partner (FCS No. 1391, CP: 3888, PR No. 6740/2025), submitted the scrutinizer's report on 12th May, 2026. The votes cast under the remote e-voting facility were unblocked in the presence of two witnesses not in the employment of the company. The scrutinizer confirmed that all 5,56,246 votes cast were valid, with nil invalid votes recorded for both resolutions. All registers, papers, and relevant records relating to the voting are to remain in the scrutinizer's custody until the minutes of the resolutions passed through postal ballot are considered, approved, and signed.

Hardcastle & Waud Manufacturing Company Limited has informed BSE Ltd of an upcoming board meeting to review and consider the company's audited financial results for the quarter and year ended March 31, 2026. The meeting is scheduled to be held on May 14, 2026, as per the regulatory intimation filed on May 7, 2026.

Board Meeting Details

The key details of the scheduled board meeting are outlined below:

Trading Window Closure

In continuation of the company's earlier intimation dated March 25, 2026 regarding the closure of the trading window, Hardcastle & Waud Manufacturing has confirmed that the trading window will remain closed until the completion of 48 hours after the declaration of the audited financial results on May 14, 2026. This closure is in compliance with applicable regulatory requirements governing insider trading.

Regulatory Communication

The intimation was signed and submitted by Smita Achrekar, Company Secretary and Compliance Officer of Hardcastle & Waud Manufacturing Company Limited, on May 7, 2026. The notice was addressed to BSE Ltd at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.