Indraprastha Medical Corporation Limited has successfully concluded its postal ballot voting process, with shareholders approving all four special resolutions related to independent director appointments and re-appointments. The remote e-voting period ended on 20th March, 2026, at 5:00 p.m. (IST), with results announced on 21st March, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through remote e-voting, facilitated by National Securities Depository Limited (NSDL). The company had 82,949 shareholders on the record date of 13th February, 2026, with postal ballot notices sent electronically to 74,385 shareholders whose email addresses were registered with the company or depositories.

Director Appointments and Re-appointments

The postal ballot covered four special resolutions, all of which were approved with requisite majority. Three resolutions involved re-appointments of existing independent directors for second terms, while one resolution concerned the appointment of a new independent director.

Resolution Results

Voting Participation Analysis

The voting process demonstrated strong participation across different shareholder categories. Promoter and promoter group shareholders showed unanimous support for all resolutions, voting 21,442,500 shares in favour across all four resolutions with zero opposition votes.

Shareholder Category Breakdown

• Promoter and Promoter Group: Held 46,753,000 shares with 45.86% voting participation
• Public Institutions: Held 2,901,585 shares with 48.03% voting participation
• Public Non-Institutions: Held 42,018,415 shares with 1.30% voting participation

The overall voting participation stood at 25.51% of outstanding shares, with 455 members casting their votes electronically. No invalid votes were recorded during the process.

Regulatory Compliance and Process

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. CS Baldev Singh Kashtwal served as the scrutinizer, ensuring fair and transparent voting process.

The company published advertisements in Financial Express (English) and Jansatta (Hindi) newspapers on 20th February, 2026, as required under regulatory provisions. The voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting portal.

Board Composition Enhancement

With the approval of these resolutions, the company has strengthened its board composition with experienced independent directors. The re-appointments ensure continuity in governance, while the new appointment of Mr. Harsh Pati Singhania brings additional expertise to the board. All appointments are for five-year terms, with specific commencement dates ranging from February to June 2026.

Indraprastha Medical Corporation Limited has announced a postal ballot notice seeking shareholder approval for key board appointments through an exclusive e-voting process. The company has issued the notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Resolutions

The company is seeking approval for four special resolutions related to Independent Director appointments:

E-Voting Schedule

The company has established a comprehensive timeline for the postal ballot process:

Director Re-appointments

Mr. Salil Singhal currently serves as an Independent Director until 7th February, 2026, and is proposed for re-appointment for a second five-year term from 8th February, 2026 to 7th February, 2031. As Chairman Emeritus of PI Industries Ltd., he brings over five decades of industry experience across agrochemicals, fine chemicals, and electronic metering solutions.

Ms. Vineeta Rai, IAS (Retd., 1968 batch), holds office as Independent Director until 7th February, 2026. Her proposed re-appointment covers the period from 8th February, 2026 to 7th February, 2031. She brings extensive experience in public administration, particularly in health administration and finance.

Ms. Madhumita Ganguli serves as Independent Director until 8th June, 2026, with her proposed re-appointment spanning from 9th June, 2026 to 8th June, 2031. She is a member of the Executive Management of HDFC Ltd. with over 38 years of experience in legal affairs, business operations, and real estate.

New Director Appointment

Mr. Harsh Pati Singhania was appointed as Additional Director effective 3rd February, 2026, and is now seeking shareholder approval for his appointment as Independent Director for five consecutive years from 3rd February, 2026 to 2nd February, 2031. He serves as Chairman and Managing Director of JK Paper Ltd. and holds an MBA from the University of Massachusetts.

Voting Process and Compliance

In accordance with MCA circulars, the company will not send hard copies of postal ballot notices. Shareholders must vote exclusively through the e-voting system provided by NSDL. The company has appointed Mr. Baldev Singh Kashtwal, Practicing Company Secretary (Membership No. FCS 3616), as Scrutinizer for the postal ballot process.

All proposed resolutions require special resolution approval and, if passed by requisite majority, shall be deemed to have been passed on 20th March, 2026. The results will be announced simultaneously to stock exchanges and made available on the company's website and NSDL's e-voting portal.