NCL Industries Limited has successfully completed its postal ballot process for the appointment of a new Independent Director, with shareholders demonstrating strong support for the corporate governance initiative. The company announced the voting results on 1st April 2026, confirming regulatory compliance under SEBI listing obligations.

Postal Ballot Resolution Details

The postal ballot sought shareholder approval for a single special resolution regarding the appointment of Dr. Durga Prasad Subramanyam Anapindi (DIN: 00911306) as an Independent Director of the company. The notice for this postal ballot was dated 13th February 2026, initiating the formal process for the directorial appointment.

Voting Process and Timeline

The remote e-voting process commenced on Monday, 2nd March 2026 at 9:00 a.m. (IST) and concluded on Tuesday, 31st March 2026 at 5:00 p.m. (IST). Central Depository Services (India) Limited (CDSL) provided the e-voting facility to company members. The notice was distributed to all members via email on 23rd February 2026, with public notices published in Business Standard (English) and Nava Telangana (Telugu) newspapers on 24th February 2026.

Voting Results and Shareholder Response

The postal ballot received exceptional shareholder support, with the resolution passing with requisite majority. Mr. A Ravishankar (COP No: 4318), the appointed Practicing Company Secretary and Scrutinizer, submitted his report confirming the voting results.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution is deemed to have been approved on 31st March 2026, the last date of e-voting. The scrutinizer's report was prepared by Ravi & Subramanyam, Company Secretaries, confirming compliance with all applicable provisions of the Companies Act, 2013 and related rules.

Corporate Governance Enhancement

The successful appointment of Dr. Durga Prasad Subramanyam Anapindi as an Independent Director represents a significant step in strengthening the company's board composition and corporate governance framework. The overwhelming shareholder support demonstrates confidence in the board's strategic direction and commitment to maintaining high governance standards.

NCL Industries Limited has disclosed that its promoter group entity, Kakatiya Industries Private Ltd, has acquired additional shares through open market transactions. The latest acquisition was conducted on March 27, 2026, as per the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

Kakatiya Industries Private Ltd acquired 6,900 equity shares carrying voting rights through open market purchase. The transaction details are presented below:

Company Share Capital Structure

NCL Industries Limited's equity share capital structure remained unchanged following the transaction:

Regulatory Compliance

The disclosure was made by M. Divya Bharathi, Company Secretary & Compliance Officer of NCL Industries Limited, in accordance with SEBI regulations. The company is listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The acquisition represents a marginal increase in the promoter group's stake, demonstrating continued confidence in the company's prospects.

The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities. Kakatiya Industries Private Ltd's total holding after the acquisition stands at 605,572 shares, representing 1.34% of NCL Industries' total voting capital.