Jalan Transolutions (India) Limited has initiated a postal ballot process to seek shareholder approval for two key resolutions. The company aims to rescind a previous resolution passed in November 2025 regarding the increase in authorized share capital and to regularize the appointment of Mr. Sanjay Sharma as an Independent Director. The remote e-voting process is scheduled to commence on May 23, 2026, and conclude on June 22, 2026.

Rescinding Share Capital Resolution

The board proposes to rescind the resolution previously passed to increase the authorized share capital from ₹22,00,00,000 to ₹45,00,00,000. The original resolution, passed during the company's 21st Annual General Meeting held in November 2025, intended to alter the Memorandum of Association to facilitate this capital increase. The board now recommends withdrawing this decision.

Regularisation of Director Appointment

Shareholders are also requested to approve the regularisation of Mr. Sanjay Sharma (DIN: 08060165) as an Independent Director. He was initially appointed as an Additional Director, and his appointment is subject to member approval. If approved, he will hold office for a term of five years from the date of his initial appointment.

E-Voting Schedule and Process

The company has appointed Manish Kumar and Associates as the Scrutinizer to oversee the postal ballot process. The cut-off date to determine shareholder eligibility was May 15, 2026. The e-voting facility will be available through NSDL, and members must cast their votes remotely. The notice for the postal ballot was published in the Financial Express (English) and Jansatta (Hindi) on May 23, 2026.

Jalan Transolutions (India) Limited has disclosed that its promoters and promoter group members have not encumbered any shares held by them in the company during the financial year 2025-2026. The declarations were submitted to the National Stock Exchange on April 1, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmations were provided by Manish Jalan, the Promoter of the company, along with members of the promoter group including Manish Jalan HUF, Meena Jalan, and Ritu Jalan. Additionally, Meena Jalan, as the wife and legal heir of Late Sh. Rajesh Jalan, provided a declaration regarding the equity shares held by Rajesh Jalan HUF.

Declaration Details

The declarations confirm that no direct or indirect encumbrance was created on the shares held by these individuals during the specified financial year. Furthermore, no other encumbrances were made other than those already disclosed to the stock exchanges for the financial year ending March 31, 2026.

The submissions were addressed to the National Stock Exchange of India Limited, the company, and its Audit Committee. These regulatory filings ensure transparency regarding the holding status of the promoter group's shares.