Navkar Urbanstructure Limited has declared voting results for its 34th Annual General Meeting held on September 30, 2026, with all four resolutions passing by an overwhelming majority. The fifth resolution on the pipe unit sale remains subject to a fresh e-voting window scheduled from October 7 to October 9, 2026.

AGM overview

The 34th AGM was conducted on September 30, 2026 at 11:30 am through video conferencing, chaired by Managing Director Harsh Shah. The meeting had 29,142 shareholders on the record date of September 19, 2026. A total of 49 shareholders attended via video conferencing, comprising 1 from the promoter and promoter group and 48 from the public. Scrutinizer PCS Rupal Patel oversaw the e-voting process, which ran from September 27, 2026 at 9:00 am to September 29, 2026 at 5:00 pm.

Resolution-wise voting results

All four resolutions contained in the AGM notice dated August 31, 2026 were passed with requisite majority. The table below summarises the outcome for each resolution.

For Resolution No. 1, a total of 114,172,845 votes were polled out of 1,122,090,422 shares, representing 10.1750% of outstanding shares. Of these, 114,172,775 votes were cast in favour and 70 against. Resolution No. 4, the special resolution for disposal of undertaking, drew the highest opposition, with 26,070 votes against out of 114,172,845 votes polled, though it still passed with 99.9772% votes in favour.

Detailed voting breakdown

The shareholder participation data across categories for all resolutions is presented below.

Public institutional shareholders did not participate in the e-voting for any of the four resolutions. All votes polled were cast exclusively through remote e-voting; no votes were cast via poll during the AGM.

Pending pipe unit sale resolution

The fifth resolution, a special resolution seeking shareholder approval for the slump sale of UNIT-1 (Pipe Division) to M/s J and M Enterprises, could not be activated within the original voting timeline due to system integration issues at National Securities Depository Limited and the Registrar and Share Transfer Agent. To ensure compliance with Section 108 of the Companies Act, 2013, the Board resolved to open an exclusive three-day voting window for this item.

Voting rights for the fresh window will be proportional to the paid-up value of equity shares held as of the cut-off date of September 23, 2026. The scrutinizer appointed for the 34th AGM will independently monitor this process and submit a supplementary report to be integrated with the final voting results.

Navkar Urbanstructure has closed its trading window for dealing in company securities starting October 1, 2026. The closure will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended September 30, 2026.

This action applies to promoters, members of the promoter group, directors, key managerial personnel, insiders, designated persons, connected persons, and their immediate relatives. The restriction is implemented pursuant to Clause 4(2) of Schedule B read with Regulation 9 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The company also cited SEBI Circular No. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated August 5, 2022, and SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 dated July 19, 2023. These regulations are read with the company's "Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading in Securities by Designated Persons."

All designated persons and connected persons are advised not to enter into any transaction involving the securities of the company during this period. The date of the board meeting for publishing the Q2FY27 unaudited financial results will be announced in due course.