Luxury Time Limited confirmed that its members approved the special resolution regarding the variation in terms of objects of the Initial Public Offer (IPO). The approval was secured through a postal ballot conducted via remote e-voting, with all valid votes cast in favor of the proposal.

The scrutinizer’s report, dated September 26, 2026, disclosed that 16 members voted in favor of the resolution, casting a total of 61,39,628 votes. This represented 100% of the total valid votes cast. No members voted against the resolution, and there were no invalid or abstained votes reported in the final tally.

Voting outcome details

The voting period remained open from August 27, 2026, to September 25, 2026. The results were submitted to BSE Limited pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously issued a postal ballot notice on August 26, 2026, seeking shareholder approval for changes to the utilization of IPO proceeds.

What the numbers show

The unanimous support from participating shareholders indicates strong alignment among those who exercised their voting rights regarding the proposed changes to the IPO objectives. With zero dissenting votes and no abstentions among the valid votes cast, the resolution passed with the requisite majority without any opposition recorded in the e-voting process.

Luxury Time Limited shareholders unanimously approved all three ordinary resolutions passed at its 18th Annual General Meeting held on September 21, 2026. The voting results, disclosed on September 23, 2026, showed 100% support for the adoption of financial statements and key governance appointments.

The meeting was held at Hotel City Park in New Delhi and presided over by Chairman & Managing Director Ashok Goel. Independent Director Sonali Aggarwal was absent due to personal reasons. All other directors were present. The voting process combined remote e-voting facilitated by National Securities Depository Limited (NSDL) from September 18 to September 20, 2026, and a poll conducted at the venue for members who could not participate remotely.

Voting Results Breakdown

The Scrutinizer’s Report, submitted by Shoorveer Singh of KPS & Co., Chartered Accountants, confirmed that no votes were cast against any of the resolutions. A total of 58,76,630 valid votes were recorded across all items.

The remote e-voting component accounted for 58,62,230 votes, while the poll at the AGM venue contributed 14,400 votes. Shareholders holding shares as of the cut-off date, September 14, 2026, were entitled to vote.

Key Resolutions Passed

Shareholders transacted business through remote e-voting and ballot papers at the venue. No proxies were received. The following ordinary resolutions were approved:

• Adoption of audited standalone and consolidated financial statements for FY26 along with the Board of Directors’ Report and Auditors’ Report.
• Reappointment of Pawan Chohan (DIN: 00070461) as a director retiring by rotation under Section 152(6) of the Companies Act, 2013.
• Appointment of M/s S A H A S & Associates, Chartered Accountants (FRN: 025389N), as Statutory Auditors to fill the casual vacancy left by the resignation of M/s S A R N U M & Co. LLP, pursuant to Section 139(8) of the Companies Act, 2013.

Compliance and Audit Details

The Company Secretary confirmed that the Statutory Auditors’ Reports for FY26 contained no qualifications, reservations, adverse remarks, or disclaimers. The Secretarial Audit Report, included as Annexure D in the Annual Report, noted certain observations accompanied by management comments.

Shoorveer Singh served as the Scrutinizer for the voting process. The final voting results have been submitted to the stock exchange and published on the company’s website and NSDL portal as per regulatory timelines. The company is listed on BSE with Scrip Code 544635.