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 .

Indian Phosphate Limited has successfully completed its postal ballot process and declared results for two special resolutions related to unsecured loan arrangements with its subsidiary company. The company announced the completion of the postal ballot on April 24, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Overview

The postal ballot was conducted through remote e-voting process under the supervision of CS Mohit Vanawat & Associates as the appointed scrutinizer. The voting process remained open for 30 days, from March 24, 2026 at 09:00 AM to April 22, 2026 at 5:00 PM, using the CDSL e-voting platform.

Resolution Results

Both special resolutions presented to shareholders were passed with identical voting patterns. The resolutions addressed approval for granting unsecured loan to subsidiary company and approval for borrowing unsecured loan from subsidiary company.

Voting Participation Analysis

The voting participation was limited to public non-institutional shareholders only. Despite the promoter group holding 18240407 shares and public institutions holding 1129200 shares, neither category participated in the voting process. The total votes polled represented only 0.88% of the total outstanding shares of 24989609.

Among the participating public non-institutional shareholders, 13 members voted in favor of both resolutions while 4 members voted against. The voting pattern remained identical for both resolutions, indicating consistent shareholder sentiment regarding the proposed loan arrangements.

Scrutinizer's Certification

CS Mohit Vanawat of Mohit Vanawat & Associates, appointed as scrutinizer by the board on March 18, 2026, certified the voting process as fair and transparent. The scrutinizer's report confirmed that all procedural requirements under Section 110 of the Companies Act, 2013 and related rules were properly followed. The votes were unblocked and downloaded on April 22, 2026 at 10:24 PM in the presence of two independent witnesses.

Corporate Compliance

The postal ballot process was conducted in compliance with various regulatory requirements including the Companies Act, 2013, SEBI regulations, and MCA circulars. The company used email communication to reach shareholders whose email addresses were registered with the company or depository participants as of the record date. Managing Director Ravindra Singh (DIN: 01373396) signed the regulatory filing confirming completion of the postal ballot process.