Ironwood Education Limited shareholders have approved an increase in the company's authorized share capital and the closure of its wholly-owned subsidiary, EMDI (Overseas) FZ LLC, through a remote e-voting process concluded on July 13, 2026. The resolutions were passed with the requisite majority, enabling the company to alter its Memorandum of Association and streamline its corporate structure. The postal ballot process was conducted in accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting process was scrutinized by M/s. Sonali Gamne & Associates, Practising Company Secretaries, who confirmed the results based on reports generated from the e-voting system provided by National Securities Depository Limited (NSDL). Shareholders holding shares as on the cut-off date of June 5, 2026, were eligible to vote. The e-voting commenced on June 14, 2026, and concluded on July 13, 2026.

Voting Results

The first resolution, which sought to increase the authorized share capital and alter Clause V of the Memorandum of Association, was passed as an ordinary resolution. The second resolution, to close EMDI (Overseas) FZ LLC, was passed as a special resolution. The detailed voting outcomes are summarized below:

Shareholder Participation

A total of 2,883 shareholders were on record as of June 5, 2026. The promoter and promoter group held 1,10,92,941 shares, all of which were voted in favour of both resolutions. Public non-institutional shareholders held 55,92,955 shares, with 53,164 votes polled for the first resolution and 53,164 for the second. Public institutions held 94,730 shares but did not participate in the voting process.

The Scrutinizer's report confirmed that the ordinary resolution was passed unanimously, while the special resolution was passed with the required majority. The results have been submitted to BSE Limited and uploaded on the company's website.

Ironwood Education has initiated a postal ballot process to seek shareholder approval for increasing its authorized share capital and closing its wholly owned subsidiary, EMDI (Overseas) FZ LLC. The company aims to raise the authorized capital from ₹18,00,00,000 divided into 1,80,00,000 equity shares of ₹10 each to ₹22,50,00,000 divided into 2,25,00,000 equity shares of ₹10 each. Additionally, the Board has proposed the closure of the UAE-based subsidiary due to prevailing geopolitical uncertainties and to streamline the group structure.

The resolutions require shareholder consent to alter Clause V of the Memorandum of Association and authorize the Board to undertake necessary actions for the subsidiary's liquidation. The Board stated that increasing the capital will facilitate future issuances, while closing the overseas unit will reduce administrative costs and allow management to focus on core business activities. None of the directors or key managerial personnel are reported to have any financial interest in these resolutions.

Postal Ballot Schedule

The company has engaged National Securities Depositories Limited (NSDL) to facilitate the remote e-voting process. The schedule for the postal ballot is as follows:

Shareholders included in the Register of Members and the Register of Beneficial Owners as on the cut-off date of June 5, 2026, are eligible to vote. The notice has been dispatched electronically on June 12, 2026, and physical copies have not been sent to members in compliance with Ministry of Corporate Affairs circulars. The newspaper advertisements for the postal ballot were published on June 13, 2026, in Free Press Journal and Navshakti.

Resolutions Proposed

The postal ballot notice outlines two primary resolutions for shareholder consideration:

Ms. Sonali Gamne of Sonali Gamne & Associates, Company Secretaries, has been appointed as the Scrutinizer to ensure the process is conducted fairly. The results of the e-voting will be announced on or before July 15, 2026, and subsequently reported to BSE Limited. The detailed notice and explanatory statement are available on the company’s website.