MOS Utility Limited has announced a postal ballot notice seeking shareholder approval for the migration of its equity shares from the Emerge platform of National Stock Exchange of India Limited (NSE) to the main boards of both NSE and BSE Limited. The company issued the notice on April 20, 2026, under Regulation 30 of the SEBI Listing Regulations.

E-Voting Details and Timeline

The postal ballot process will be conducted entirely through electronic voting, with no physical ballot forms being distributed to shareholders. The e-voting period has been scheduled as follows:

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities to its members. Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of April 17, 2026, and who have registered email addresses, will be eligible to participate in the voting process.

Migration Proposal and Regulatory Requirements

The special resolution seeks approval for migrating the company's equity shares with a face value of ₹2/- per share from the NSE Emerge platform to the main boards of both NSE and BSE. The company has been listed on NSE Emerge since April 18, 2023, making it eligible for migration after completing the mandatory three-year listing period.

Under Regulation 277 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018, the resolution requires a special majority where votes cast by non-promoter shareholders in favor must amount to at least two times the number of votes cast by non-promoter shareholders against the proposal.

Scrutinizer and Service Providers

The company has appointed qualified professionals to oversee the postal ballot process:

• Scrutinizer: M/s. M S Pitroda & Co. (CP No. 20308), Practicing Company Secretaries
• E-voting Service Provider: National Securities Depository Limited (NSDL)
• Registrar and Transfer Agent: Skyline Financial Services Pvt Ltd

The scrutinizer will submit a comprehensive report to the Chairman after completing the scrutiny of votes recorded through remote e-voting. The results will be communicated to stock exchanges, the registrar and share transfer agent, and the e-voting agency on the same day as the announcement.

Strategic Benefits and Board Recommendation

The Board of Directors, in its meeting held on April 04, 2026, decided to pursue the migration to enhance the company's market presence and accessibility to a broader investor base. The migration is expected to:

• Provide enhanced recognition and market visibility
• Increase liquidity of the company's shares
• Enable participation from a larger pool of potential investors
• Act as a catalyst for growth and expansion

The company has been performing consistently and has gained valuable experience in compliance, board procedures, and corporate governance practices during its tenure on the SME platform. The Board recommends the resolution for approval by shareholders, noting that none of the promoters, directors, managers, key managerial personnel, or their relatives have any special interest in the resolution except for their equity shareholdings in the company.

Voting Process and Shareholder Information

Shareholders can access the e-voting platform through NSDL's website at www.evoting.nsdl.com . The postal ballot notice is available on the company's website at www.mos-world.com and on the websites of relevant stock exchanges. Members holding shares in both dematerialized and physical form as on the cut-off date can participate in the electronic voting process.

The company has provided detailed instructions for e-voting, including separate login methods for individual shareholders holding securities in demat mode with NSDL or CDSL, and for shareholders holding securities in physical mode. Technical support is available through NSDL's helpdesk for any voting-related queries.

MOS Utility has reported strong financial results for Q3, demonstrating significant growth across key performance metrics. The company's consolidated net profit, revenue, and EBITDA all showed substantial year-on-year improvements, though EBITDA margins experienced a slight compression during the quarter.

Comprehensive Q3 Financial Performance

The company's Q3 financial results showcase impressive growth momentum across core metrics:

Revenue and Profitability Growth

MOS Utility's revenue performance in Q3 demonstrated strong market traction, with total revenue reaching ₹1.7 billion compared to ₹1.3 billion in the corresponding quarter of the previous year. This represents a solid 31% year-on-year growth, indicating the company's ability to expand its business operations and capture market opportunities effectively.

The company's bottom-line performance was particularly noteworthy, with consolidated net profit climbing to ₹49 million from ₹28 million in Q3 of the previous year. This 75% year-on-year increase in net profit demonstrates improved operational efficiency and effective cost management strategies.

EBITDA Performance Analysis

MOS Utility's EBITDA grew to ₹67 million in Q3 compared to ₹59 million in the same quarter last year, representing a 13.56% year-on-year increase. However, the EBITDA margin compressed to 4.01% from 4.45% in the previous year, indicating that while absolute earnings grew, the margin efficiency faced some pressure during the quarter.

Performance Summary

The Q3 results reflect MOS Utility's strong operational execution and market positioning. The company achieved double-digit growth across revenue, net profit, and EBITDA metrics, with net profit growth significantly outpacing other metrics, suggesting enhanced operational leverage despite the marginal EBITDA margin compression.