Moksh Ornaments Limited secured shareholder approval to increase its borrowing limits and create charges on assets to secure borrowings through a postal ballot concluded on June 05, 2026. The jeweller sought these powers under Section 180 of the Companies Act, 2013, to enhance financial flexibility. Both special resolutions were passed with the requisite majority, receiving 99.53% of the total votes polled in favour.

The postal ballot process was conducted via remote e-voting, managed by NSDL as the authorized agency. Jaymin Modi of M/s. Jaymin Modi and Co served as the scrutinizer for the process. The voting period commenced on May 07, 2026, and concluded on June 05, 2026. A total of 85 members participated, casting 39,349,922 votes, representing 44.59% of the total outstanding shares.

The first resolution sought approval to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The second resolution aimed to approve the creation of charges on the company's assets under Section 180(1)(a) to secure borrowings made or to be made under Section 180(1)(c). The promoters, holding 35,376,255 shares, voted entirely in favour of both resolutions, while public shareholders also supported the measures with a significant majority.

Voting Results Summary

Public non-institutional shareholders cast 3,973,672 votes, with 3,789,037 votes in favour and 184,635 votes against both resolutions. Public institutional shareholders did not participate in the voting process. The scrutinizer's report confirmed that the remote e-voting system was unblocked on June 08, 2026, in the presence of independent witnesses to verify the results.

Moksh Ornaments Limited has scheduled an Extraordinary General Meeting (EGM) on June 26, 2026, to seek shareholder approval for the regularization of Mr. Sharad Kumar Vyas as a Non-Executive Independent Director. The meeting will be held through Video Conferencing and Other Audio-Visual Means (OAVM) at 11:00 AM IST. The approval is necessary to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which require shareholder ratification within three months of the appointment date of April 01, 2026.

The Board of Directors, in a meeting held on June 03, 2026, approved the convening of the EGM and the draft notice along with the explanatory statement pursuant to Section 102 of the Companies Act, 2013. The Board also appointed M/s Jaymin Modi & Co., Practicing Company Secretary, as the Scrutinizer to conduct the remote e-voting process and voting at the EGM in a fair and transparent manner. The Board meeting commenced at 03:00 P.M. and concluded at 03:40 P.M.

EGM Details

The EGM will transact special business regarding the regularization of the director's appointment. The voting rights of members will be determined based on their shareholding as on the cut-off date of June 19, 2026.

Director Profile

Mr. Sharad Kumar Vyas brings expertise in accounting, auditing, taxation, and financial management. He holds one directorship in other listed companies. The company has received his consent in Form DIR-2 and a declaration confirming he meets the criteria of independence under Section 149(6) of the Companies Act, 2013.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE514Y01020/394bca64d9944f4b.pdf