NHC Foods Limited Discloses Official Postal Ballot Results with 99% Approval
NHC Foods Limited has formally disclosed the results of its postal ballot to BSE, revealing overwhelming shareholder support exceeding 99% for both special resolutions covering fund raising through various modes and enhancement of borrowing limits under the Companies Act, with the process certified by appointed scrutinizer Dinesh Kumar Deora.
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NHC Foods Limited has officially disclosed the voting results of its postal ballot process, confirming overwhelming shareholder support for two special resolutions. The company submitted the results to BSE Limited on March 20, 2026, along with the scrutinizer's report as required under Regulation 44(3) of SEBI Listing Regulations.
Official Disclosure and Compliance
The company formally communicated the postal ballot results to the stock exchange through Company Secretary Vijay Thakkar, providing comprehensive voting data and the scrutinizer's certification. The disclosure included detailed voting statistics and compliance documentation required under regulatory frameworks.
| Company Information: | Details |
|---|---|
| Scrip Code: | 517554 |
| ISIN: | INE141C01036 |
| Meeting Type: | Postal Ballot |
| Last Date of Receipt: | March 19, 2026 |
| Total Shareholders on Record: | 58,441 |
| Outstanding Shares: | 613,750,000 |
Resolution 1: Fund Raising Through Multiple Modes
The first special resolution sought approval for raising funds and issuance of securities through Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCB), or any other permissible modes. This resolution received exceptional shareholder support with 99.09% votes in favor.
| Resolution 1 Results: | Votes | Percentage |
|---|---|---|
| Votes in Favour: | 120,429,987 | 99.09% |
| Votes Against: | 1,108,032 | 0.91% |
| Members Voted For: | 200 | - |
| Members Voted Against: | 12 | - |
| Invalid Votes: | 0 | - |
Resolution 2: Borrowing Limit Enhancement
The second special resolution focused on enhancing limits under Section 180(1)(A) of the Companies Act, 2013, relating to the board's power to borrow money. This resolution also secured strong shareholder approval with 99.04% votes in favor.
| Resolution 2 Results: | Votes | Percentage |
|---|---|---|
| Votes in Favour: | 120,375,952 | 99.04% |
| Votes Against: | 1,162,067 | 0.96% |
| Members Voted For: | 197 | - |
| Members Voted Against: | 15 | - |
| Invalid Votes: | 0 | - |
Scrutinizer Certification and Process Details
The postal ballot process was overseen by Dinesh Kumar Deora of M/s DM & Associates Company Secretaries LLP, who served as the appointed scrutinizer. The remote e-voting was conducted through NSDL's platform from February 18, 2026 at 9:00 a.m. to March 19, 2026 at 5:00 p.m.
| Process Details: | Information |
|---|---|
| Scrutinizer: | Dinesh Kumar Deora |
| Firm: | M/s DM & Associates Company Secretaries LLP |
| Membership Number: | F5683 |
| Record Date: | February 13, 2026 |
| Notice Dispatch Date: | February 17, 2026 |
| Voting Platform: | NSDL ( www.evoting.nsdl.com ) |
| Total Votes Polled: | 121,538,019 |
| Polling Percentage: | 19.80% |
The scrutinizer confirmed that both resolutions were passed with the requisite majority and the voting process was conducted in accordance with the Companies Act, 2013 and applicable regulations. Public announcements regarding the postal ballot were made in The Financial Express (English) and Lokmitra (Gujarati) newspapers on February 18, 2026. The successful completion provides NHC Foods Limited with necessary approvals to pursue capital raising initiatives and expand borrowing capacity for future growth opportunities.
Historical Stock Returns for NHC Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.67% | -2.67% | -7.59% | -33.64% | -28.43% | +265.00% |
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