Shrinal Piyushbhai Patel, in the capacity of promoter and representative of the promoter group of ishan dyes & chemicals Limited, has filed the annual disclosure as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was submitted on April 02, 2026, to both BSE Limited and the National Stock Exchange of India Limited, covering the financial year ended March 31, 2026.

Promoter Shareholding and Warrant Details

As per the declaration, the promoter group collectively held 1,09,61,702 equity shares and 34,20,892 convertible equity warrants of Ishan Dyes & Chemicals Limited as on March 31, 2026. The filing also confirms that neither the promoters nor any persons acting in concert made any encumbrance of equity shares, directly or indirectly, during the financial year ended March 31, 2026.

Promoter Group Members

The declaration was submitted on behalf of the following individuals, all categorised as promoters of the company:

Regulatory Compliance

The annual disclosure has been made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as amended from time to time. The filing was addressed to the Department of Corporate Services at BSE Limited and to the National Stock Exchange of India Limited, and a copy was also forwarded to the Audit Committee of Ishan Dyes & Chemicals Limited at its registered office in GIDC Estate, Phase-1, Vatva, Ahmedabad – 382445.

Ishan dyes & chemicals has successfully concluded its postal ballot process, with shareholders demonstrating strong support for key leadership appointments. The company completed the remote e-voting process on April 30, 2026, achieving significant shareholder participation and approval for critical resolutions, as confirmed by the scrutinizer's report submitted on May 1, 2026.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the voting period spanning from April 1, 2026, to April 30, 2026. The company had 8864 shareholders on the record date of March 20, 2026, who were eligible to participate in the voting process.

Director Reappointments Approved

Shareholders approved two special resolutions related to director reappointments with overwhelming support. Both resolutions received identical voting patterns, reflecting strong shareholder confidence in the proposed appointments.

Resolution 1: Whole Time Director Reappointment

The reappointment of Mr. Shrinal P Patel (DIN – 02992519) as Whole Time Director received comprehensive approval from shareholders across all categories.

Resolution 2: Managing Director Reappointment

The reappointment of Mr. Piyushbhai Natvarlal Patel (DIN – 00450807) as Managing Director achieved identical voting results, demonstrating consistent shareholder support.

Scrutinizer's Report and Regulatory Compliance

CS Kunal Sharma of Kunal Sharma & Associates, appointed as scrutinizer on March 21, 2026, submitted the comprehensive scrutinizer's report on May 1, 2026. The report confirmed that both resolutions were passed with requisite majority and all regulatory requirements were fulfilled.

Voting Participation Analysis

The postal ballot witnessed significant participation from the promoter group, with 98.43% of promoter shares participating in the voting process. Public non-institutional shareholders showed moderate participation at 6.61% of their total shareholding.

Process Implementation and Compliance

The voting was conducted through Central Depository Services (India) Limited's e-voting platform (EVSN 260324003), ensuring transparency and compliance with regulatory requirements. The process adhered to provisions of Section 108 and Section 110 of the Companies Act, 2013, along with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company published public notices in Business Standard and Jai Hind newspapers on March 31, 2026, informing shareholders about the completion of notice dispatch through electronic means. Both resolutions were deemed passed on April 30, 2026, as per Section 110(2) of the Companies Act, 2013. The voting results and scrutinizer's report are available on the company's website and CDSL's e-voting portal for shareholder reference.