Maharashtra Seamless Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the reappointment of Mr. Pithelis Raj Santhana Marian as Whole-time Director. The company announced the results on 13th March, 2026, following the completion of the remote e-voting process.

Postal Ballot Results

The special resolution for Mr. Pithelis Raj Santhana Marian's reappointment and approval of remuneration received strong shareholder support across all categories. The voting results demonstrate broad-based approval from the company's diverse shareholder base.

Voting Process Details

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and related regulations. Key aspects of the voting process included:

• Cut-off Date: 30th January, 2026
• Notice Dispatch: 9th February, 2026 (via email to 89,054 registered members)
• Voting Period: 11th February, 2026 (9:00 AM) to 12th March, 2026 (5:00 PM)
• Total Participants: 463 members
• Scrutinizer: Mr. Arunesh Kumar Dubey (FCS 7721, CP 14054)

Regulatory Compliance

The company published advertisements regarding the postal ballot notice in English language newspaper "Business Standard" and Marathi language newspaper "Mumbai Lakshdeep" on 10th February, 2026. The e-voting platform was provided by National Securities Depository Limited (NSDL), ensuring secure and transparent voting.

Director Appointment Details

Mr. Pithelis Raj Santhana Marian (DIN-00520481) has been reappointed as Whole-time Director with the approval of his remuneration package. The resolution became effective from 12th March, 2026, following the completion of the voting process.

Scrutinizer's Confirmation

Mr. Arunesh Kumar Dubey, the appointed scrutinizer from M/s Arunesh Dubey & Co. Company Secretaries, confirmed that the voting process was conducted fairly and transparently. The scrutinizer's report validated that all procedural requirements were met and the resolution passed with the requisite majority.

The company has disclosed these results in compliance with Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency for all stakeholders.

Maharashtra seamless Limited has received a credit rating reaffirmation from ICRA Ltd, maintaining its strong financial position in the market. The company disclosed this development on 02 March 2026 through a regulatory filing to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

ICRA Ltd has reaffirmed Maharashtra Seamless Limited's credit ratings across both long-term and short-term categories. The rating agency has maintained consistency in its assessment of the company's creditworthiness and financial stability.

Rating Significance

The reaffirmed rating of [ICRA]AA+ (Stable) / [ICRA]A1+ carries significant implications for the company's market standing. According to the disclosure, this rating indicates a high degree of safety regarding timely servicing of financial obligations and very low credit risk. The long-term credit rating of [ICRA]AA+ represents the second highest credit rating in ICRA's rating scale, while the short-term credit rating of [ICRA]A1+ holds the distinction of being the highest credit rating available.

Regulatory Compliance

The announcement was made in compliance with regulatory requirements, with Company Secretary Ram Ji Nigam signing the disclosure document. The filing was digitally signed and dated 02 March 2026, ensuring proper documentation and transparency for stakeholders. The company requested both stock exchanges to take the rating reaffirmation on record, maintaining its commitment to regulatory compliance and investor transparency.