Innovana Thinklabs Limited has successfully concluded its postal ballot process, with shareholders demonstrating overwhelming support for four special resolutions related to corporate governance and financial operations. The company announced the results on April 3, 2026, following the completion of remote e-voting that concluded on April 2, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through remote e-voting, with the record date set as February 27, 2026. Out of 2727 total shareholders on record, the voting saw significant participation across all shareholder categories.

Special Resolutions Approved

All four special resolutions were passed with identical voting patterns, receiving 99.96% approval from shareholders. The resolutions addressed key corporate governance and financial flexibility matters under the Companies Act, 2013.

Voting Results Analysis

The voting results demonstrated strong consensus across all shareholder categories. Each resolution received 16246816 votes in favor and only 6600 votes against, translating to 99.96% and 0.04% respectively.

Shareholder Category Participation

E-Voting Process Details

The company utilized Central Depository Services (India) Limited (CDSL) as the service provider for remote e-voting facilities. Skyline Financial Services Private Limited served as the Registrar and Share Transfer Agent. The postal ballot notice was dispatched on March 3, 2026, via email to 2604 members who had registered their email addresses with the company or depositories.

The scrutinizer's report was prepared by CS Abhishek Goswami of Abhishek Goswami & Co., Practicing Company Secretaries, who was appointed by the Board of Directors on March 2, 2026. The e-voting period remained open from March 4, 2026, at 9:00 AM IST and concluded on April 2, 2026, at 5:00 PM IST.

Regulatory Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various MCA circulars issued between 2020 and 2023.

Innovana Thinklabs Limited has initiated a postal ballot process to seek shareholder approval for enhancing its financial capabilities through four special resolutions. The company has sent the postal ballot notice dated March 02, 2026, to all eligible shareholders through electronic mode on March 03, 2026.

Proposed Special Resolutions

The company is seeking approval for four critical business matters through special resolutions:

Enhanced Financial Limits

The most significant proposal involves increasing the company's borrowing limit from the previously approved Rs. 100 crores to Rs. 200 crores. This enhancement was last approved by shareholders on July 06, 2017, and the company now seeks to double this limit to support business expansion and meet capital expenditure requirements.

Similarly, the company proposes to enhance its investment and lending limits under Section 186 from Rs. 100 crores to Rs. 200 crores. This will enable the company to make strategic investments, extend loans, or provide guarantees to subsidiaries, joint ventures, and associates.

The third resolution seeks approval for advancing loans, providing guarantees, or securities up to Rs. 200 crores under Section 185 to entities where company directors have interests, including subsidiaries and group companies.

E-Voting Schedule and Process

The postal ballot will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed. The voting timeline has been structured as follows:

Scrutinizer and Compliance

The Board of Directors has appointed Mr. Abhishek Goswami (COP No. 17057), a Practicing Company Secretary, as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The scrutinizer will submit his report to the Chairman, and results will be communicated through the company website, CDSL platform, and stock exchanges.

Shareholders can access the postal ballot notice on the company's website at www.innovanathinklabs.com and on CDSL's e-voting platform at www.evotingindia.com . The company has emphasized that only shareholders whose names appear in the register as of the cut-off date are eligible to vote.

Strategic Rationale

The company's explanatory statement indicates these enhancements are necessary to support business expansion, meet working capital requirements, and capitalize on growth opportunities. The increased borrowing capacity will provide financial flexibility, while enhanced investment limits will enable strategic partnerships and subsidiary support. All proposed limits are designed to work within the overall framework of the Companies Act, 2013, ensuring regulatory compliance while maximizing business potential.