Indef Manufacturing Limited, the resulting company from the demerger of Hercules Hoists Limited, has successfully passed a special resolution through postal ballot to revise the remuneration of its Managing Director, Shri Amit Bhalla (DIN: 08215712). The e-voting process, facilitated by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), was conducted from 9:00 a.m. (IST) on April 16, 2026 to 5:00 p.m. (IST) on May 15, 2026, in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The record date for determining eligible shareholders was April 10, 2026, on which date the Postal Ballot Notice was also issued. The company dispatched the notice via e-mail to 18,812 members on April 15, 2026, who had registered their email IDs with the Company, Depositories, Depository Participants, or the Registrar and Share Transfer Agent. The total number of shareholders on the record date stood at 20003. An advertisement regarding the postal ballot was published on April 16, 2026 in the Free Press Journal (English Newspaper) and Nav Shakti (Marathi Newspaper).

The scrutinizer for the postal ballot process was Mr. S. N. Viswanathan (FCS 13685, COP 24335), Managing Partner of S. N. Ananthasubramanian & Co., Company Secretaries, who submitted his report dated May 15, 2026, confirming that all votes cast were valid and the special resolution was passed with the requisite majority.

Voting Results: Resolution on MD Remuneration Revision

The sole special resolution pertained to the revision in remuneration of Shri Amit Bhalla (DIN: 08215712), Managing Director of the Company. The following table presents the detailed voting outcome across shareholder categories:

The promoter and promoter group cast all 22275720 votes in favour of the resolution, representing 100% participation. Public institutional shareholders polled 500328 votes out of 541564 shares held, with all votes cast in favour. Among public non-institutional shareholders, 29465 votes were polled out of 9182716 shares held, with 27727 votes in favour and 1738 votes against.

Summary of Ballot Outcome

The scrutinizer's consolidated result for the special resolution is presented below:

The special resolution on revision of remuneration of the Managing Director was passed with requisite majority, with 99.9924% of valid votes polled cast in assent and 0.0076% in dissent. The voting results were submitted to BSE Limited and the National Stock Exchange of India Limited on May 18, 2026, by Vineesh Vijayan Thazhumpal, Company Secretary (A63683), in accordance with Regulation 44 of the SEBI Listing Regulations, 2015.

Indef Manufacturing Limited has published newspaper advertisements on April 16, 2026, informing shareholders about the dispatch of postal ballot notice and e-voting process details. The company issued these advertisements in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, following its earlier postal ballot announcement for Managing Director remuneration revision.

Newspaper Advertisement Publication

The company submitted copies of newspaper advertisements published on April 16, 2026, to both stock exchanges where its shares are listed:

Remuneration Revision Details

The postal ballot seeks shareholder approval for revision in Managing Director Shri Amit Bhalla's remuneration package:

Performance-Linked Incentives

The company is also seeking approval for performance-linked incentives as part of the comprehensive remuneration package:

E-Voting Process and Timeline

The newspaper advertisements provide comprehensive information about the e-voting process for eligible shareholders:

Company Secretary Communication

The regulatory filing was signed by Vineesh Vijayan Thazhumpal, Company Secretary (A63683), and submitted digitally on April 16, 2026. The communication emphasizes that physical copies of postal ballot notices will not be sent to members, and shareholders must exercise their voting rights through the electronic platform only.

Shareholder Information Access

The postal ballot notice and related documents are available on multiple platforms for shareholder convenience:

The results of the postal ballot will be announced by the Chairman and/or Company Secretary at the registered office on or before May 18, 2026, and will be communicated to both stock exchanges and made available on their respective websites.