Hi-Tech Pipes Limited has initiated a postal ballot process to seek shareholder approval for the issuance of 90,00,000 fully convertible equity warrants on a preferential basis to persons belonging to the promoter group category. The record date for determining the eligibility of members for the postal ballot is May 22, 2026. The company has submitted the necessary publication details to the National Stock Exchange of India Limited and BSE Limited regarding the dispatch of the notice.

The company has engaged National Securities Depository Ltd (NSDL) to facilitate remote e-voting for its members. The voting process commences on May 30, 2026, at 9:00 a.m. and concludes on June 30, 2026, at 5:00 p.m. The e-voting module will be disabled by NSDL following the closure of the voting period.

Naveen Shree Pandey, Proprietor of M/s NSP & Associates, has been appointed as the scrutinizer to conduct the postal ballot in a fair and transparent manner. The results of the postal ballot are scheduled to be declared on or before June 30, 2026. Shareholders can access the results on the company's website and the NSDL e-voting portal.

The Postal Ballot Notice was dispatched on May 29, 2026, via email to members listed on the records of the Register of Members or List of Beneficial Owners as on the cut-off date. Members who do not receive the notice may request a soft copy from the company secretary or the registrar and share transfer agent, Bigshare Services Private Limited.

The agenda item requires a special resolution to pass. The postal ballot process is being conducted in compliance with the provisions of Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Postal Ballot

Promoter Ajay Kumar Bansal of Hi-Tech Pipes Limited confirmed that no new encumbrances were created on shares during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited, asserts that no direct or indirect charges were established other than those already reported.

The declaration was filed pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on their holdings to ensure transparency for shareholders. The communication was addressed to the Listing Departments of both exchanges on April 4, 2026.

Regulatory Compliance

The filing serves as a formal confirmation that the promoter's shareholding status regarding encumbrances remains unchanged. The document specifies that the declaration is made on behalf of the promoters, promoter group, and persons acting in concert. A copy of the disclosure was also forwarded to the Audit Committee of Hi-Tech Pipes Limited.

Key Details