Khazanchi Jewellers Limited has successfully completed its postal ballot process and declared voting results on March 23, 2026. The company conducted remote e-voting to seek shareholder approval on five special resolutions related to executive remuneration revisions.

Postal Ballot Process Overview

The postal ballot notice was issued on February 14, 2026, with the e-voting period commencing on February 20, 2026 at 9.00 A.M. (IST) and concluding on March 21, 2026 at 5.00 P.M. (IST). The company appointed M/s. A K Jain & Associates, Practising Company Secretaries, represented by Mr. Pankaj Mehta as the scrutinizer to ensure fair and transparent conduct of the voting process.

Resolutions and Voting Results

The postal ballot covered five special resolutions for approving revision in remuneration of key executives:

Resolutions 1-3: Senior Management

The first three resolutions received unanimous approval with 100% votes in favor:

These resolutions saw participation from 37 members holding 17,915,729 shares, representing 72.40% of the total shareholding of 24,746,900 shares.

Resolutions 4-5: CFO and CEO Remuneration

The fourth and fifth resolutions, concerning the CFO and CEO remuneration, received strong but not unanimous support:

For these resolutions, 17 members holding 201,250 shares participated in the voting process. Notably, 20 shareholders from the promoter and promoter group, holding 17,714,479 equity shares, abstained from voting on resolutions 4 and 5.

Voting Pattern Analysis

The voting pattern revealed strong support across different shareholder categories:

Promoter and Promoter Group:

• Held 18,438,900 shares (74.52% of total)
• Voted on resolutions 1-3 with 96.07% participation
• Abstained from resolutions 4-5

Public Institutions:

• Held 440,750 shares
• Voted against resolutions 4-5 but supported resolutions 1-3

Public Non-Institutions:

• Held 5,867,250 shares
• Consistently supported all resolutions

Regulatory Compliance

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published advertisements in 'Business Standard' (English) and 'The Hindu Tamil Thisai' (Tamil) on February 19, 2026, and made the postal ballot notice available on its website www.khazanchi.co.in .

All five resolutions were declared as carried by requisite majority, enabling the company to implement the revised remuneration structures for its key executives. The detailed voting results and scrutinizer's report have been submitted to the stock exchanges and uploaded on the company's website and CDSL's e-voting platform.

Khazanchi Jewellers Limited has successfully completed the formation and registration of the "Khazanchi Charitable Trust" for Corporate Social Responsibility (CSR) activities. The khazanchi jewellers Trust Deed was executed and officially registered on March 18, 2026, following the Board of Directors' approval through a circular resolution passed on March 17, 2026.

Trust Registration and Documentation

The company informed BSE Limited about the completion of the trust registration process through an official communication dated March 19, 2026. The Trust has been established in collaboration with the company's group companies to undertake CSR activities in accordance with the provisions of the Companies Act, 2013.

Regulatory Compliance and Framework

The trust formation follows regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has maintained full compliance with statutory obligations by providing timely intimations to the stock exchange regarding this corporate development.

Corporate Leadership and Documentation

The official communication was signed by Sakshi Jain, Company Secretary and Compliance Officer with Membership No. A68478. The documentation was digitally signed and submitted to the Deputy General Manager, Department of Corporate Services at BSE Limited, ensuring proper authentication and regulatory compliance.

Strategic CSR Initiative

The Khazanchi Charitable Trust represents a structured approach to fulfilling corporate social responsibility obligations. This dedicated vehicle will enable focused implementation and management of the company's social responsibility programs while ensuring compliance with statutory requirements under the Companies Act, 2013. The trust formation marks a significant milestone in the company's commitment to social initiatives and community development activities.