Mindteck (India) Limited announced the successful completion of its postal ballot process on March 17, 2026, securing overwhelming shareholder approval for a key corporate resolution. The company conducted the voting process entirely through electronic means in accordance with regulatory requirements and filed the results with BSE Limited and National Stock Exchange of India Limited.

Postal Ballot Results Overview

The postal ballot addressed a single ordinary resolution regarding the appointment of Mr. Karim Dhanani as Chief Executive Officer of Mindteck, Inc., the company's wholly owned subsidiary. This appointment constitutes a related party transaction requiring shareholder approval under applicable regulations.

Comprehensive Voting Results

The resolution received exceptional support from shareholders across all categories. The voting results demonstrate strong confidence in the proposed appointment, with minimal opposition recorded across 23,271,322 total votes polled.

Resolution Details and Regulatory Compliance

The ordinary resolution focused on approving the related party transaction for Mr. Karim Dhanani's appointment as CEO of Mindteck, Inc. The resolution was deemed passed with the requisite majority, as confirmed by the scrutinizer's report dated March 17, 2026. The company filed the results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Member Participation Analysis

The postal ballot demonstrated comprehensive shareholder engagement with 100% participation from eligible shares. A total of 76 folios participated in the voting process, representing both promoter and public shareholders. The scrutinizer confirmed that 64 members voted in favour of the resolution while 12 members voted against it.

Corporate Governance and Transparency

Mindteck (India) Limited demonstrated strong corporate governance practices through this postal ballot process. The company ensured complete transparency by filing the voting results with stock exchanges and making them available on its website at www.mindteck.com . The process was conducted in full compliance with Section 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014, with the scrutinizer providing comprehensive oversight and validation of the entire voting process.

Mindteck (India) Limited has successfully concluded its postal ballot voting process, with shareholders decisively approving the appointment of Mr. Javed Gaya (DIN: 01481518) as a Non-Executive Director of the company. The voting results were announced on March 03, 2026, marking the completion of the e-voting period that commenced following the postal ballot notice dated January 30, 2026.

Voting Results and Participation

The postal ballot witnessed substantial shareholder participation, with the resolution receiving overwhelming support from the voting community. The company had 32,950 total shareholders on the record date of January 23, 2026.

Category-wise Voting Breakdown

The voting results demonstrated strong support across different shareholder categories, with both promoter and public shareholders backing the resolution.

Scrutinizer and Process Details

Gopalakrishnaraj H H from Gopalakrishnaraj H H & Associates served as the appointed scrutinizer for the postal ballot process. The scrutinizer, holding membership number 5654, was appointed by the Board of Directors on January 30, 2026, and submitted the final report on March 03, 2026.

The e-voting process was conducted through Central Depositories Services (India) Limited (CDSL) platform at www.evotingindia.com . In accordance with MCA circulars, the postal ballot notice was sent only in electronic form to members who had registered their email addresses with the company or depository participants.

Resolution Details

The ordinary resolution focused on the appointment of Mr. Javed Gaya as a Non-Executive Director of the company. The promoter and promoter group confirmed they had no interest in this particular agenda item. The voting period concluded at 5:00 p.m. on March 03, 2026, after which the electronic voting report was generated.

Regulatory Compliance

The postal ballot process was conducted in full compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. The voting results and scrutinizer's report have been made available on the company's website at www.mindteck.com , ensuring transparency and accessibility for all stakeholders.

The successful completion of this postal ballot process enables Mr. Javed Gaya to assume his role as Non-Executive Director, contributing to the company's board composition and governance structure.