NewsMarushika Technology Limited Shareholders Approve Registered Office Shift With 100% Votes in Postal BallotMarushika Technology Limited Shareholders Approve Registered Office Shift With 100% Votes in Postal Ballot
Marushika Technology Limited's postal ballot e-voting concluded on May 08, 2026, with shareholders passing a special resolution to shift the company's registered office from the jurisdiction of the Registrar of Companies, National Capital Territory of Delhi-I to that of Delhi-II. Out of a total of 85,36,768 shares, 50,99,694 votes were polled, representing a turnout of 59.74%, with 100.00% of valid votes cast in favour and zero votes against. The scrutinizer's report was submitted by Ajay Kumar of AASK & Associates LLP, and the outcome was filed with the National Stock Exchange of India Limited on May 12, 2026.
*this image is generated using AI for illustrative purposes only.
Marushika Technology Limited has successfully concluded its postal ballot e-voting process, with shareholders approving a special resolution for the shifting of the company's registered office. The e-voting window closed at 05:00 P.M. on May 08, 2026, which was deemed the date of passing of the resolution. The outcome was communicated to the National Stock Exchange of India Limited on May 12, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resolution Approved: Registered Office Jurisdiction Change
The sole agenda item put to vote sought member approval for shifting the registered office of the company from the jurisdiction of the Registrar of Companies, National Capital Territory of Delhi-I to the jurisdiction of the Registrar of Companies, National Capital Territory of Delhi-II. The resolution was classified as a Special Resolution, and the promoter/promoter group was declared as not interested in the agenda. The Postal Ballot Notice was originally dated March 30, 2026, and dispatched to eligible members on April 07, 2026. The cut-off date for determining eligible shareholders was Friday, April 03, 2026, on which date the total number of shareholders stood at 210.
Voting Results at a Glance
The e-voting was conducted through the platform of National Securities Depository Limited (NSDL), which was disabled on May 08, 2026 at 05:00 P.M. The votes were unblocked in the presence of two independent witnesses. A total of 6 members participated in remote e-voting, casting 50,99,694 valid votes, all of which were in favour of the resolution. There were no votes against, and no invalid votes were recorded.
The category-wise voting breakdown for the special resolution is presented below:
| Category: | No. of Shares Held | No. of Votes Polled | % Votes Polled on Outstanding Shares | No. of Votes – In Favour | No. of Votes – Against | % Votes in Favour on Votes Polled | % Votes Against on Votes Polled |
|---|---|---|---|---|---|---|---|
| Promoter and Promoter Group (Total): | 49,67,339 | 49,67,339 | 100.00 | 49,67,339 | 0.00 | 100.00 | 0.00 |
| Public – Institutions (Total): | 11,67,600 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public – Non Institutions (Total): | 24,01,829 | 1,32,355 | 5.51 | 1,32,355 | 0.00 | 100.00 | 0.00 |
| Overall Total: | 85,36,768 | 50,99,694 | 59.74 | 50,99,694 | 0.00 | 100.00 | 0.00 |
Scrutinizer's Report and Process Compliance
The scrutinizer for the postal ballot process was Ajay Kumar (Membership No. ACS-64324), Partner of AASK & Associates LLP, Practicing Company Secretaries, New Delhi. The votes were unblocked on May 08, 2026 at approximately 05:02 P.M. in the presence of two witnesses — Mr. Abhishek Gupta and Ms. Priya Aggarwal — both of whom are not in the employment of the company. The scrutinizer confirmed that all e-voting communications received up to the close of working hours on May 08, 2026 were considered, and the report was generated and scrutinized thereafter.
Key procedural details of the postal ballot process are summarised below:
| Parameter: | Details |
|---|---|
| Postal Ballot Notice Date: | March 30, 2026 |
| Dispatch Completed On: | April 07, 2026 |
| Cut-off Date: | April 03, 2026 |
| Total Shareholders on Cut-off Date: | 210 |
| E-voting Closure: | May 08, 2026, 05:00 P.M. |
| Resolution Deemed Passed On: | May 08, 2026 |
| Scrutinizer: | Ajay Kumar, ACS-64324, AASK & Associates LLP |
| UDIN: | A064324H000340974 |
Outcome and Filing
Based on the scrutinizer's consolidated report, the special resolution for shifting the registered office was passed with the requisite majority in accordance with Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The results were countersigned by Monicca Agarwaal, Managing Director and Chairperson (DIN: 02718537), and filed with the exchanges on May 12, 2026. The voting results and scrutinizer's report are also available on the company's website at www.marushika.in .
Historical Stock Returns for Marushika Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | -10.26% | -8.55% | -24.43% | -24.43% | -24.43% |
What operational or strategic advantages does Marushika Technology expect to gain by shifting its registered office from RoC Delhi-I to RoC Delhi-II jurisdiction?
Given that institutional shareholders holding 11,67,600 shares recorded zero participation in the e-voting, what does this level of institutional disengagement signal about investor confidence in the company's governance?
Will the registered office jurisdiction change trigger any regulatory filings, tax implications, or compliance requirements that could impact Marushika Technology's near-term operational costs?
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