Hardwyn India Limited shareholders have approved the issue of bonus equity shares in the ratio of 2:5 and regularized the appointment of Mr. Yogesh Kumar Garg as an Independent Director at its 1st Extra-Ordinary General Meeting (EGM) for the financial year 2026-27. The meeting, held via Video Conferencing on July 03, 2026, sanctioned the issuance of 2 fully paid-up bonus equity shares of ₹1 each for every 5 equity shares of ₹1 each held by shareholders as on the record date. This capitalization will be funded through the company's free reserves and retained earnings. Additionally, the members approved the regularization of Mr. Yogesh Kumar Garg, who was initially appointed as an Additional Director on June 05, 2026, as an Independent Director for a term of five years commencing from the same date.

Mr. Yogesh Kumar Garg is a finance and corporate governance professional with over 30 years of experience in finance, accounts, treasury, and taxation. He holds a bachelor's degree in commerce and law, and is a Fellow Member of the Institute of Cost Accountants of India (FCMA) and the Institute of Company Secretaries of India (FCS). He has previously served as Whole-time Director on the Boards of National Jute Manufactures Corporation Limited and Birds Jute & Export Corporation of India Limited, and currently serves as an Independent Director on the Board of PMC Fincorp Limited.

Voting Results

The resolutions received overwhelming support from shareholders. The table below details the voting outcomes for each proposal:

Meeting Proceedings

The meeting commenced at 02:00 P.M. and concluded at 02:28 P.M. on July 03, 2026. A total of 122 members participated in the voting process for the ordinary resolutions, while 121 members voted on the special resolution. The proceedings were chaired by Mr. Swaran Jeet Singh Sayal, Director, and attended by other key directors including Mr. Kulmeet Singh, Ms. Shikha Chawla, and Mr. Yogesh Kumar Garg.

The scrutinizer's report confirms that the resolution was passed with the requisite majority. The voting process, managed by M/s. Akash & Co., Company Secretaries, utilised a remote e-voting facility provided by Central Depository Services (India) Limited (CDSL) from June 30, 2026, to July 02, 2026, alongside e-voting during the meeting. The company ensured compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 throughout the proceedings.

Hardwyn India Limited has issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) dated June 09, 2026, to rectify a typographical error concerning the resolution type for appointing an Independent Director. The company clarified that Item No. 3, which pertains to the appointment of Mr. Yogesh Kumar Garg (DIN: 02144584), must be passed as a Special Resolution rather than an Ordinary Resolution. This change is necessary to comply with Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 149, 150, and 152 of the Companies Act, 2013.

The corrigendum was electronically dispatched to members on Tuesday, June 23, 2026, and published in the Financial Express and Jansatta newspapers on Thursday, June 25, 2026. The EGM is scheduled to be held on Friday, July 03, 2026, at 02:00 P.M. IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Mr. Yogesh Kumar Garg was initially appointed by the Board as an Additional Director (Independent and Non-Executive) effective June 05, 2026. The resolution now seeks shareholder approval for his regularisation as an Independent Director for a term of five consecutive years, commencing from June 05, 2026, and concluding on June 04, 2031.

As the resolution has been reclassified as a Special Resolution, it requires a higher threshold for approval. The resolution will be deemed passed only if the votes cast in favour are not less than three times the number of votes cast against it, amounting to a majority of not less than 75%. All other details of the EGM, including the remote e-voting period and login credentials, remain unchanged.

Key Details of the EGM Corrigendum