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.

Ikoma Technologies Limited approved a fundraising plan of up to ₹50 crore through a rights issue and the acquisition of a 51% stake in ICM Insurance Brokers Private Limited for approximately ₹29.92 crore, pending necessary regulatory approvals, to diversify its business operations. The Board of Directors, meeting on June 05, 2026, sanctioned the issuance of 2,77,70,571 fully paid-up equity shares of ₹10 each to eligible shareholders on a rights basis. The company stated that these strategic moves aim to expand into allied and complementary activities, enhancing business opportunities and creating value for stakeholders. The meeting was held via video-conferencing, commencing at 06:30 P.M. and concluding at 06:46 P.M.

The Board constituted a Rights Issue Committee to determine the specific terms of the issuance, including the issue price, rights entitlement ratio, and record date. The fundraising is subject to necessary approvals under the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Acquisition Details

The acquisition of ICM Insurance Brokers Private Limited involves a cash consideration based on a valuation report. The target entity reported a provisional turnover of ₹31,42,21,648 for the financial year ended March 31, 2026. The transaction is classified as a related party transaction because the directors of the target entity and the company are common, though it will be conducted at arm's length. The company indicated that no specific governmental or regulatory approvals are required for the acquisition, which is expected to be completed within 90 days.

Financials of Target Entity

ICM Insurance Brokers Private Limited was incorporated on April 02, 2008. The entity operates in the insurance sector and has demonstrated significant growth in turnover over the past three years.