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.

Him Teknoforge Limited has disclosed a substantial acquisition of shares by promoter group member Urmil Aggarwal under Regulation 29(2) of SEBI Takeover Regulations. The transaction involves the conversion of warrants into equity shares through preferential allotment.

Share Acquisition Details

Urmil Aggarwal acquired 3,00,000 equity shares of Him Teknoforge Limited through warrant conversion on March 14, 2026. The acquisition was executed based on a letter of allotment dated March 16, 2026, with the shares yet to be credited to his demat account. This transaction resulted in Aggarwal holding voting rights equivalent to 2.90% of the company's total equity share capital.

Holdings Analysis

The disclosure reveals comprehensive details of Aggarwal's shareholding pattern before and after the acquisition. Prior to this transaction, he held 23,64,992 shares carrying voting rights, representing 24.97% of the total share capital. Additionally, he had 24,52,275 shares under encumbrance and 8,00,000 warrants.

Company Capital Structure

The warrant conversion resulted in an expansion of Him Teknoforge Limited's equity share capital. The company's total equity share capital increased from 94,71,416 equity shares to 1,03,31,016 equity shares of Rs. 2/- each. This represents an addition of 8,59,600 shares to the total capital base, indicating that multiple warrant holders may have exercised their conversion rights.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Urmil Aggarwal, identified as a member of the promoter group, submitted the required documentation to both BSE Limited and Him Teknoforge Limited on March 17, 2026. The company's shares are listed on BSE Limited.

Promoter Group Structure

The disclosure identifies an extensive promoter group structure comprising 20 entities, including individual promoters Rajiv Aggarwal and Vijay Aggarwal, multiple family members, HUFs, and corporate entities such as Globe Precision Industries Pvt. Ltd., Him Overseas Pvt. Ltd., Him Chemicals and Fertilisers Pvt. Ltd., and P C Alloys Pvt. Ltd.