Om Metallogic Limited shareholders have approved a resolution to increase the company’s authorized share capital and make consequential amendments to the capital clause of its Memorandum of Association. The ordinary resolution passed with overwhelming support, securing 99.93% of valid votes cast during the remote e-voting period that concluded on July 29, 2026. This approval enables the company to raise additional equity capital in the future without requiring further shareholder consent for incremental increases within the new authorized limit.

The voting process was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. Skyline Financial Services Private Limited served as the agency for providing remote e-voting facilities, while Ayush D Gupta & Associates was appointed as the scrutinizer by the Board of Directors at their meeting on June 24, 2026. The Postal Ballot Notice was issued on June 29, 2026, with the remote e-voting window open from June 30, 2026, to July 29, 2026.

Voting Results

A total of eight members participated in the vote, representing a significant portion of the company's equity base. The promoter group voted unanimously in favor of the resolution, while one non-promoter shareholder dissented. The detailed breakdown of votes is presented below:

The promoter contributed 4,646,800 votes in favor, accounting for the vast majority of the affirmative support. Non-promoter shareholders cast 24,000 votes in favor and 3,200 votes against the resolution. No invalid or abstained votes were recorded during the process.

Procedural Compliance

The scrutinizer confirmed that electronic copies of the notice and explanatory statement were dispatched on June 29, 2026, to members with registered email addresses as of the cut-off date of June 26, 2026. The register of members was maintained by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The remote e-voting module was disabled by Skyline Financial Services Private Limited immediately after the deadline, and the results were downloaded from the NSDL E-voting platform.

The resolution was deemed passed on July 29, 2026, the last date specified in the Postal Ballot Notice. The company has uploaded the voting results and the scrutinizer’s report on its website for public access. Managing Director Manish Sharma signed the communication to BSE Limited on July 31, 2026, requesting the exchange to record the outcome.

Om Metallogic has published the postal ballot notice in newspapers on July 3, 2026, seeking shareholder approval to increase its authorized share capital from ₹8.75 crore to ₹16 crore. The proposal includes a consequent amendment to the capital clause of the Memorandum of Association to facilitate the issuance of securities for long-term resource generation. The Board of Directors approved the postal ballot notice at its meeting held on June 24, 2026.

The resolution proposes to raise the authorized share capital to ₹16,00,00,000 divided into 1,60,00,000 equity shares of ₹10 each, ranking pari passu with existing shares. The current authorized capital stands at ₹8,75,00,000 divided into 87,50,000 equity shares of ₹10 each. Management stated that the increase is necessary to meet growth objectives and strengthen the company's financial position.

Voting Schedule and Process

The e-voting process commences on June 30, 2026, at 9:00 A.M. IST and concludes on July 29, 2026, at 5:00 P.M. IST. Shareholders whose names appear in the Register of Members or the List of Beneficial Owners as on the cut-off date of June 26, 2026, are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting facility.

M/s Ayush D Gupta & Associates has been appointed as the scrutinizer to conduct the postal ballot in a fair and transparent manner. The results of the voting will be announced within two working days from the conclusion of the e-voting period. The resolution will be deemed passed on the last date of the voting period, July 29, 2026, if it receives the requisite majority.

Key Details of the Proposal

The postal ballot notice is being sent via electronic mode only to members with registered email addresses. Physical copies of the notice and postal ballot forms are not being dispatched in compliance with Ministry of Corporate Affairs circulars. Shareholders holding shares in physical form have been encouraged to dematerialize their holdings to facilitate smoother processing of investor service requests.