Kanchi Karpooram 's Board of Directors convened a meeting on May 6, 2026, and approved a series of resolutions related to the alteration of the company's Memorandum of Association. The board resolved to seek shareholder approval through a postal ballot process conducted via remote e-voting.

Key Resolutions Approved

The board considered and approved the following matters at its meeting, which commenced at 03:00 PM and concluded at 03:30 PM:

Regulatory Compliance

The proposed alteration to the Object Clause of the Memorandum of Association is being carried out in accordance with the applicable provisions of the Companies Act, 2013. Shareholder approval will be sought through remote e-voting as part of the postal ballot process.

The Postal Ballot Notice will be dispatched to eligible shareholders in due course and will subsequently be filed with the stock exchange and disseminated on the company's official website. Shareholders as of the cut-off date of Tuesday, May 12, 2026, will be eligible to participate in the remote e-voting process and receive the postal ballot notice via email.

The company communicated the outcome of the board meeting to BSE Ltd in compliance with Regulation 30 of the applicable listing regulations.

Kanchi Karpooram Limited has completed the publication of newspaper advertisements confirming the dispatch of its postal ballot notice, following its comprehensive board meeting held on April 4, 2026. The company seeks shareholder approval for significant alterations to its Memorandum of Association to expand beyond traditional camphor manufacturing into religious products and digital commerce operations.

Regulatory Compliance and Publication Process

On April 10, 2026, the company fulfilled its regulatory obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements in Trinity Mirror (English edition) and Makkal Kural (Tamil edition). The advertisements confirmed the dispatch of the postal ballot notice on April 10, 2026, to shareholders whose email addresses are registered with the company or depositories.

Board Meeting and Postal Ballot Timeline

The board meeting, conducted from 11:15 AM to 11:45 AM on April 4, 2026, approved the postal ballot process for proposed alterations to Clause III (A) - Object Clause of the Memorandum of Association. The company has established a structured timeline for shareholder participation through remote e-voting.

Proposed Business Expansion Strategy

The special resolution seeks to insert four new sub-clauses (3 to 6) after the existing two Main Object Clauses in the Memorandum of Association. These additions represent a strategic shift from primarily B2B operations to include B2C and retail markets.

New Business Objectives

Strategic Rationale and Market Opportunity

According to the explanatory statement, the company's expansion is driven by a paradigm shift in consumer purchasing patterns and increasing reliance on digital platforms. The Board of Directors identified significant structural growth in the religious products market, increasing formalization of traditional sectors, and rapid expansion of e-commerce channels in India as key drivers for this strategic diversification.

E-voting Process and Infrastructure

The company has engaged Central Depository Services Limited (CDSL) to provide remote e-voting facility to shareholders. The postal ballot notice complies with General Circular No. 03/2025 dated September 22, 2025, and will be distributed only through email to registered shareholders. Mr. Lovelish Lodha N, Practicing Company Secretary, has been appointed as the Scrutinizer for conducting the postal ballot process.

The resolution requires approval as a special resolution, and if passed with requisite majority, shall be deemed effective from the last date of e-voting period, May 10, 2026. The company has committed to filing requisite forms with the Registrar of Companies and intimating the stock exchange upon approval.