Niraj Cement Structurals Limited has secured shareholder approval to re-appoint Mr. Partha Sarathi Raut as an Independent Director for a second consecutive term of five years. The resolution was passed via postal ballot on June 30, 2026, with 99.9995% of the votes polled in favour, ensuring the continuation of leadership at the infrastructure firm. The company disclosed the outcome to the stock exchanges on July 1, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot notice was dated May 21, 2026, and dispatched to shareholders on May 29, 2026. The record date for determining eligibility was May 22, 2026, on which the company had 14,628 shareholders on record. Remote e-voting, facilitated by the National Securities Depository Limited (NSDL), commenced on June 1, 2026, at 09:00 A.M. IST and concluded on June 30, 2026, at 05:00 P.M. IST.

Voting Results for Special Resolution

The special resolution sought the re-appointment of Mr. Partha Sarathi Raut (DIN: 08804981). Promoters and the Promoter Group were not interested in the agenda. The voting outcome showed strong participation, with 67.7160% of the total outstanding shares being polled.

The category-wise breakdown of the voting results is detailed below:

Scrutinizer's Report

Abhaykumar J. Pal, proprietor of M/s. Abhay Kumar Pal & Co. (formerly known as AJP & Associates), Practicing Company Secretary, served as the Scrutinizer. In the report dated July 1, 2026, Abhaykumar J. Pal certified that the resolution was approved by the requisite consent of the members and was deemed passed on June 30, 2026. The disclosure was signed by Anil Anant Jha, Company Secretary & Compliance Officer (ACS No.: 66063).

Gulshankumar Vijaykumar Chopra has initiated a mandatory open offer to acquire up to 26% of the fully paid-up equity and voting share capital of Niraj Cement Structurals Limited at a price of Rs 29 per share. The offer, which aims to purchase up to 1,55,20,529 equity shares, is scheduled to open on August 7, 2026, and close on August 20, 2026. This open offer is triggered pursuant to the execution of Share Purchase Agreements (SPAs) dated June 16, 2026, through which the acquirer is purchasing a 41.04% stake from Bylan-Niraj Infra Projects Private Limited and Chem Logistics & Infra Private Limited.

The offer price of Rs 29 per share represents a premium over the volume-weighted average market price of Rs 28.61 on the National Stock Exchange for the 60 trading days preceding the public announcement. The acquirer has deposited Rs 1,130.00 Lacs in cash in an escrow account with ICICI Bank Limited, which exceeds 25% of the total offer consideration. Navigant Corporate Advisors Limited is acting as the Manager to the Offer, while MUFG Intime India Private Limited serves as the Registrar.

Offer Details

The open offer is not conditional upon a minimum level of acceptance from shareholders. Assuming full acceptance, the maximum consideration payable by the acquirer would be Rs 45,00,95,341. The acquirer, who currently holds 8.75% of the target company, will see his total shareholding rise to 75.78% upon successful completion of the offer and the underlying SPAs. The acquirer has confirmed that he does not have any persons acting in concert with him for this transaction.

Shareholding and Approvals

As per the shareholding pattern, the promoters of Niraj Cement Structurals Limited hold 24.89% of the equity capital, while the public holds the remaining 75.11%. The acquirer has stated that no statutory approvals are currently required for this offer, although non-resident shareholders must submit necessary RBI approvals if applicable. The offer is subject to the terms and conditions set out in the Draft Letter of Offer and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Dates and Contact Information

The identified date for determining eligible shareholders is July 24, 2026. The Letter of Offer is expected to be dispatched to shareholders by July 31, 2026. Shareholders wishing to tender their shares can do so through the stock exchange mechanism or by submitting physical forms to the Registrar. The designated stock exchange for the offer is BSE Limited.