Ikoma Technologies Limited has initiated a postal ballot process to secure shareholder approval for material related party transactions proposed for FY 2026-2027. The company seeks authorization to enter into agreements with specific related parties for an aggregate value not exceeding INR 100 crores per party. The transactions are intended to meet working capital requirements and support business expansion in line with the company's long-term growth strategy.

The resolutions cover transactions with six individuals, including Rahul Anandrao Bhargav, Managing Director, and Paras Chand Jain, Executive Director, as well as Non-Executive Directors Bhavesh Bhairaram Lohar, Nitesh Jain, and Preeti Kiran Mehta. Additionally, approval is sought for transactions with Sanyog Kumar Rathi, Chief Financial Officer, and M/s. ICM Insurance Brokers Private Limited, identified as a proposed subsidiary. The nature of these transactions includes the sale or purchase of goods, availing or rendering of services, and the transfer of resources.

As the company recorded no revenue during FY 2025-2026, resulting in a nil annual consolidated turnover, any transaction with related parties is deemed material under SEBI Listing Regulations. Consequently, shareholder approval is required to proceed with these arrangements. The Audit Committee and the Board of Directors have granted omnibus approval for these transactions, which are to be conducted on an arm's length basis.

Key Related Party Details

Voting Schedule and Process

The remote e-voting process is scheduled to begin on Tuesday, June 09, 2026, at 9:00 a.m. IST and will conclude on Wednesday, July 08, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members or the list of Beneficial Owners as of Friday, June 05, 2026, are eligible to vote. The company has engaged Purva Sharegistry India Pvt Ltd as the Registrar and Transfer Agent to facilitate the e-voting facility.

Ms. Sonam Jain, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the voting process is conducted fairly and transparently. The results of the postal ballot are expected to be announced on or before Friday, July 10, 2026. The notice and explanatory statement are available on the company’s website and the BSE Limited website.

Ikoma Technologies Limited has initiated a postal ballot process to seek shareholder approval for the appointment of seven directors, including three independent and three non-independent directors, alongside a Whole Time Director. The move aims to strengthen the board's composition and governance structure. Shareholders registered as of Friday, May 29, 2026, are eligible to vote on the resolutions through remote e-voting.

The resolutions include the appointment of Mr. Amit Balgotra, Mr. Jatin, and Mr. Anil Kumar Kothari as Non-Executive Independent Directors. Additionally, the company seeks approval for the appointment of Ms. Preeti Kiran Mehta, Mr. Nitesh Jain, and Mr. Bhavesh Bhairaram Lohar as Non-Executive Non-Independent Directors. Mr. Paras Chand Jain is proposed to be appointed as Whole Time Director of the company for a period of one year.

Voting Schedule and Process

The remote e-voting process will commence on Saturday, June 06, 2026, at 9:00 a.m. (IST) and conclude on Sunday, July 05, 2026, at 5:00 p.m. (IST). The company has engaged Purva Sharegistry India Pvt Ltd as the Registrar and Transfer Agent to facilitate the e-voting facility. Once a vote is cast, shareholders will not be permitted to modify their choice subsequently.

The company has published a public notice regarding the dispatch of the Postal Ballot Notice in the Financial Express and Pratahkal on June 6, 2026. The notice is also available on the company’s website and the websites of BSE Limited and the RTA.

Director Profiles and Resolutions

The table below summarizes the key details of the proposed director appointments:

The explanatory statement notes that the independent directors meet the criteria for independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI LODR Regulations. The Board has recommended all resolutions based on the recommendations of the Nomination and Remuneration Committee.

Regulatory Compliance and Disclosures

The postal ballot notice is issued in compliance with Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The company has confirmed that all necessary statutory disclosures, including consents and declarations, have been received from the proposed directors.

No remuneration is payable to the Whole Time Director for the current financial year due to losses incurred by the company. Any future remuneration will be determined by the Board and the Nomination and Remuneration Committee within the limits approved by shareholders.