Indian Phosphate Limited secured shareholder approval for a related party transaction involving the sale and purchase of goods and services with Wipekleen Solutions LLP. The resolution was passed through a postal ballot process that concluded on May 24, 2026, with 98.48% of the votes polled favouring the proposal. This approval allows the company to proceed with the specified transactions with the related party.

The postal ballot was conducted via remote e-voting, which was open from April 25, 2026, to May 24, 2026. A total of 158,400 votes were cast by public non-institutional shareholders, representing 0.63% of the total outstanding shares. Promoters, public institutions, and public non-institutional shareholders participated through the e-voting mechanism, while physical postal ballots were restricted to public non-institutional shareholders.

Mohit Vanawat, a practicing company secretary and proprietor of M/s Mohit Vanawat & Associates, served as the scrutinizer for the process. The voting results were downloaded from the Central Depository Services (India) Limited (CDSL) portal on May 25, 2026, in the presence of independent witnesses. The scrutinizer confirmed that the resolution received the requisite majority to pass.

Voting Results Summary

The following table details the voting pattern for the ordinary resolution:

The record date for determining shareholder eligibility was April 17, 2026. The notice for the postal ballot was dispatched to shareholders on April 24, 2026. The company submitted the scrutinizer's report to the National Stock Exchange of India Ltd. on May 26, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Indian Phosphate Limited has issued a notice for a postal ballot pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has scheduled remote e-voting from April 25, 2026, to May 24, 2026, seeking shareholder approval for a related party transaction with Wipekleen Solutions LLP. The notice was submitted to the National Stock Exchange of India Ltd. on April 24, 2026.

The primary resolution seeks approval for the sale and purchase of goods and services with Wipekleen Solutions LLP, a related party within the meaning of Section 2(76) of the Companies Act, 2013. The proposed transactions will be conducted in the ordinary course of business on an arm's length basis, with pricing determined based on prevailing market prices and commercial negotiations. The aggregate value of these transactions is not expected to exceed ₹15,00,00,000 during the relevant financial year.

Postal Ballot Schedule

The company has appointed Mr. Mohit Vanawat, a Practicing Company Secretary, as the Scrutinizer to conduct the postal ballot through the e-voting process. Central Depository Services Limited (CDSL) has been engaged to facilitate remote e-voting. The results of the postal ballot will be declared on or before May 26, 2026, and will be displayed at the registered office, communicated to stock exchanges, and uploaded on the company's website and CDSL's e-voting portal.

Related Party Transaction Details

The proposed transaction involves Wipekleen Solutions LLP, incorporated in India. Mr. Rushil Arora, Director of Indian Phosphate Limited, is designated as a partner in the related party entity. The value of the proposed transactions represents 1.70% of the listed entity's annual consolidated turnover for the immediately preceding audited financial year. The Board of Directors has reviewed and approved the proposal, stating that it is in the best interest of the company as it will contribute to continuous growth in sales and profit.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of April 17, 2026, are eligible to vote. The remote e-voting facility will be available from 9:00 a.m. IST on April 25, 2026, until 5:00 p.m. IST on May 24, 2026. Members holding shares in dematerialised form can vote through their depository accounts, while those holding physical shares can access the e-voting facility through www.evotingindia.com .