Natural Capsules Limited has successfully concluded its postal ballot process, with shareholders providing overwhelming support for the company's proposal to enhance limits for investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013. The voting results were declared on March 30, 2026, following the completion of the remote e-voting period that ended on March 27, 2026.

Voting Results and Participation

The special resolution received exceptional shareholder support, with detailed voting statistics demonstrating strong confidence in the company's strategic direction:

Shareholder Participation Details

The postal ballot process witnessed participation from various shareholder categories, with comprehensive voting statistics recorded:

E-Voting Process and Timeline

The company conducted the postal ballot through a remote e-voting system, ensuring transparent and accessible participation for all eligible shareholders. The voting process was structured with specific timelines and regulatory compliance:

Resolution Details and Regulatory Compliance

The approved special resolution pertains to the enhancement of limits for investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013. This approval provides the company with increased financial flexibility for strategic investments and business expansion activities.

Scrutinizer Oversight: Deepak Sadhu, a practicing Company Secretary (Membership No. 39541), served as the appointed scrutinizer for the postal ballot process. The scrutinizer ensured compliance with Section 108 and Section 110 of the Companies Act, 2013, along with relevant SEBI regulations.

Corporate Governance and Transparency

The postal ballot process demonstrated strong corporate governance practices, with the company adhering to all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution was deemed passed on March 27, 2026, being the last date for remote e-voting, and the results were promptly communicated to BSE Limited and National Stock Exchange of India Limited as per regulatory obligations under Regulation 44(3).

Natural capsules Limited has received reaffirmed credit ratings from Infomerics Valuation and Rating Limited for its banking facilities worth Rs. 59.15 crore. The company announced this development to stock exchanges on March 17, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

Infomerics Valuation and Rating Limited assigned the following ratings to the company's facilities:

The IVR BB+ rating with stable outlook indicates that the securities are considered to have moderate risk of default regarding timely servicing of financial obligations. The IVR A4+ short-term rating suggests minimal degree of safety regarding timely payment obligations, though with very high credit risk and susceptibility to default.

Banking Facility Breakdown

The rated facilities are distributed across multiple banking partners and include various types of credit arrangements:

State Bank of India Facilities:

• Term Loans: Rs. 9.00 crore
• Cash Credit: Rs. 15.00 crore
• Letter of Credit: Rs. 1.00 crore
• Forward Contract: Rs. 0.30 crore

HDFC Bank Facilities:

• Term Loans: Rs. 11.65 crore
• Cash Credit: Rs. 15.00 crore
• Letter of Credit: Rs. 1.00 crore
• PSR: Rs. 0.50 crore

Other Banking Partners:

• Siemens Financial Services Private Limited (Term Loans): Rs. 5.00 crore
• Indian Renewable Energy Development Agency Limited (Term Loans): Rs. 0.70 crore

Rating Validity and Compliance

The assigned ratings are valid for one year from the rating committee date until March 11, 2027. Infomerics will conduct formal surveillance and review within 12 months, though the agency reserves the right to undertake more frequent reviews if circumstances warrant.

The company must comply with several ongoing requirements, including providing monthly No Default Statements and quarterly performance results within six weeks of each calendar quarter close. Natural Capsules is also required to inform Infomerics of any new banking facilities or changes to existing arrangements.

Regulatory Disclosure

Company Secretary and Compliance Officer Pranjal Deshmukh signed the disclosure letter, confirming that the information has been uploaded to the company's website at www.naturalcapsules.com . This reaffirmation follows the company's previous credit rating intimation dated August 13, 2025, when it had received ratings from ICRA.