Him Teknoforge Limited has informed the stock exchanges about its decision to call off a joint venture agreement with Italian partners and consent to striking off the associated company from official records. The company made this disclosure on April 14, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Joint Venture Termination Details

The company had entered into a joint venture agreement with Italian counterparts, which led to the incorporation of Dinamico Axles & Drive Wheels Private Limited as the joint venture entity. Him Teknoforge had committed to subscribing to a 40% shareholding in this venture company, but no actual investment was made toward this commitment.

Striking Off Process

Given that the joint venture company has not commenced any significant business operations, Him Teknoforge proposed to apply for striking off its name from the records of the Registrar of Companies under the Companies Act, 2013. The company, in its capacity as a potential shareholder, has accorded its consent for this action by passing a board resolution through circulation on April 13, 2026.

Financial Impact Assessment

The termination and striking off process will have no financial impact on Him Teknoforge Limited, as confirmed in the company's disclosure. This is primarily because no investment or capital was infused by the company into the joint venture entity despite the original agreement to subscribe to 40% shareholding.

Regulatory Compliance

The disclosure was made to BSE Limited under the company's scrip code 505712, ensuring compliance with listing regulations. Him Teknoforge's registered office is located at Village Billanwali, Baddi, Himachal Pradesh, and the communication was signed by Company Secretary Himanshu Kalra on April 14, 2026.

Him Teknoforge Limited has announced the successful completion of its postal ballot process, submitting the scrutinizer report to the Bombay Stock Exchange on March 19, 2026. The company conducted remote e-voting for three critical resolutions, all of which received overwhelming shareholder approval with detailed voting breakdowns now disclosed.

Postal Ballot Process Overview

The postal ballot process was conducted under the supervision of Scrutinizer Sachin Jain, a Chartered Accountant appointed by the Board of Directors. The postal ballot notice was dated February 11, 2026, with the cut-off date set as August 20, 2025. Out of 5170 total shareholders on record, the company utilized the e-voting facility provided by Central Depository Securities Limited (CDSL).

The votes were unblocked at 10:17 AM on March 19, 2026, in the presence of two independent witnesses not employed by the company. All relevant records have been handed over to Company Secretary Himanshu Kalra for safe keeping in compliance with Section 110 of the Companies Act, 2013.

Resolution Results with Detailed Breakdown

All three resolutions presented to shareholders achieved remarkable approval rates, demonstrating strong shareholder confidence across different categories.

Special Resolution 1: Alteration of Memorandum of Association

Special Resolution 2: Alteration of Articles of Association

Ordinary Resolution 3: Material Related Party Transactions with Globe Precision Industries Pvt Ltd

Compliance and Corporate Governance

The scrutinizer confirmed that both special resolutions exceeded the requisite 75% majority threshold required for approval. Notably, for the ordinary resolution regarding material related party transactions with Globe Precision Industries Pvt Ltd, the promoter group abstained from voting due to their interest in the agenda, as required by regulatory provisions.

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained transparency throughout the process and submitted all required documentation to the Bombay Stock Exchange for regulatory compliance.