Monind Limited has completed its postal ballot process, with members approving two board-level resolutions through remote e-voting that concluded on May 02, 2026. The resolutions pertained to the appointment of a new Non-Executive Independent Director and the re-appointment of the Whole-time Director and Key Managerial Personnel. Both resolutions were deemed passed on May 02, 2026, being the last date of receipt of postal ballot e-voting, as communicated to the stock exchanges on May 05, 2026.

Resolutions Passed

The postal ballot notice, dated February 13, 2026, sought member approval on two resolutions. The details of the resolutions are as follows:

The promoter and promoter group were not identified as interested parties in either of the two agenda items.

Voting Results Summary

The remote e-voting window was open from Friday, April 03, 2026 at 9:00 a.m. (IST) to Saturday, May 02, 2026 at 5:00 p.m. (IST). The total number of shareholders on the cut-off date of March 27, 2026 was 1,450. Both resolutions recorded identical voting outcomes, with the detailed results presented below.

Resolution 1: Appointment of Mr. Sandeep Kumar as Non-Executive Independent Director (Special Resolution)

Resolution 2: Re-appointment of Mr. Mahesh Kumar Sharma as Whole-time Director (Ordinary Resolution)

Capital Structure and Voting Rights

The scrutinizer's report provided a detailed breakdown of the company's paid-up capital and corresponding voting entitlements as on the cut-off date. The total paid-up equity share capital stood at INR 3,68,12,620/-, comprising 36,81,262 equity shares of INR 10/- each. In addition, the company has two classes of preference shares that carry voting rights under Section 47 of the Companies Act, 2013, in proportion to their paid-up capital relative to equity shares.

Equity shares carry voting rights in the ratio of 1:1 (one share = one vote), while preference shares carry voting rights in the ratio of 1:10 (one share = ten votes).

E-Voting Process and Scrutinizer Details

The remote e-voting was conducted through the NSDL platform at https://www.evoting.nsdl.com/ . A total of 28 e-voters participated, with all 28 votes being valid. Out of the 37,76,298 shares voted, 37,38,391 shares were cast in assent and 37,907 shares in dissent. The e-voting was unblocked on May 02, 2026 after 5:00 p.m. (IST) in the presence of two independent witnesses, Mr. Harshit Saxena and Mr. Vipin Dhameja.

The scrutinizer for the postal ballot process was Kapil Dev Taneja (FCS No. F4019, C.P. No.: 22944), Partner at M/s Sanjay Grover & Associates, Company Secretaries (Firm Registration No. P2001DE052900). The scrutinizer was appointed by the Board of Directors on February 13, 2026. The postal ballot notice was advertised on April 03, 2026 in Financial Express (English) and Raj Express (vernacular). The scrutinizer's report was countersigned by Keshav Sharma, Chairman of Monind Limited, on May 5, 2026.

Monind Limited has announced a significant board change with the resignation of Ms. Babika Goel from her position as Non-Executive Woman Independent Director. The resignation became effective immediately on April 09, 2026, marking the end of her tenure with the company.

Resignation Details

Ms. Babika Goel submitted her resignation citing personal commitments and pre-occupation as the primary reasons for her departure. In her resignation letter, she stated that she was "unable to give required time and devotion for performing the duties of the Independent Director" due to these personal circumstances.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Monind Limited submitted the required documentation to BSE Limited and Calcutta Stock Exchange Limited, ensuring full regulatory compliance.

The disclosure package included three essential documents as mandated by Part A of Schedule III of SEBI LODR 2015:

• Copy of the resignation letter with detailed reasons
• Confirmation certificate stating no material reasons exist beyond those mentioned
• Details of other listed entity directorships and board committee memberships

Director's Other Commitments

According to the disclosure documents, Ms. Babika Goel currently holds no directorships in other listed entities. The company confirmed that she has no memberships in board committees of any other listed companies, indicating her focus was primarily on her role at Monind Limited.

Company Information

Monind Limited, with CIN L51103CT1982PLC009717, operates from its registered office in Raipur, Chhattisgarh, and maintains its corporate office in New Delhi. The company secretary and compliance officer, Ritika Ahuja, signed the regulatory disclosure, ensuring proper documentation of the board change.

Ms. Goel expressed gratitude toward all board members and staff for their support during her tenure as director, maintaining a positive tone despite her departure from the organization.