Orbit Exports Limited has successfully completed its postal ballot process through remote e-voting, with shareholders overwhelmingly approving two key director appointments. The company submitted its regulatory disclosure to BSE Limited and National Stock Exchange of India Limited on March 20, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Regulatory Compliance and Documentation

The company filed its official disclosure with stock exchanges, providing comprehensive proceedings of the special resolutions passed by shareholders. Chief Financial Officer Rahul Tiwari signed the regulatory submission, ensuring full compliance with Securities and Exchange Board of India requirements.

Voting Results Overview

The postal ballot process demonstrated exceptional shareholder support for both proposed resolutions. The voting concluded on March 19, 2026, with results declared on March 20, 2026, showing remarkable consensus across all shareholder categories.

Director Appointments Approved

Both special resolutions received overwhelming shareholder approval with identical voting patterns of 99.99% in favour. The appointments strengthen the company's leadership structure with new expertise in independent oversight and executive management.

Resolution 1: Independent Director Appointment

Shareholders approved the appointment of Mr. Aditya Jain (DIN: 11489453) as an Independent Director for a five-year term from January 30, 2026, to January 29, 2031. This appointment enhances the board's independent oversight capabilities and governance framework.

Resolution 2: Executive Director Appointment

The second resolution approved the appointment of Mr. Parth Seth (DIN: 07684397) as Executive Director & Chief Executive Officer for five consecutive years effective January 30, 2026. Mr. Parth Seth is the son of existing promoters Mr. Pankaj Seth (Managing Director) and Mrs. Anisha Seth (Whole-Time Director), representing continuity in family leadership.

Detailed Voting Statistics

The voting results demonstrated exceptional consensus across all shareholder categories, with minimal opposition to either resolution.

Legal Framework and Process

The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, along with various MCA circulars and SEBI Listing Regulations. The company utilized NSDL's remote e-voting platform, ensuring transparent and secure voting process for all eligible shareholders.

The voting process was conducted in accordance with regulatory requirements, with all electronic data and relevant records maintained in safe custody and handed over to the company's Chief Financial Officer and Company Secretary for safekeeping. The results and scrutinizer's report are available on the company website at www.orbitexports.com and NSDL's e-voting portal.

Orbit exports Limited has announced the establishment of its wholly owned subsidiary in Dubai, marking a significant expansion into the UAE market. The company disclosed this development through a regulatory filing dated March 06, 2026, pursuant to SEBI listing regulations.

Subsidiary Incorporation Details

The new subsidiary, Orbit Elegance Trading L.L.C., has been incorporated in Dubai with specific operational parameters:

Capital Structure and Investment

Orbit Exports has committed to a 100% equity stake in the subsidiary through cash subscription. The capital structure reflects a focused investment approach:

Business Operations and Industry Focus

The subsidiary will operate in the textile and apparel trading industry, directly aligning with Orbit Exports' main line of business. This strategic alignment ensures operational synergies and leverages the parent company's existing expertise in textile operations.

Key operational aspects include:

• Primary focus on textile and apparel trading
• Operations based in Dubai, UAE
• Commercial operations yet to commence as of the disclosure date
• No turnover recorded for FY 2024-2025 due to recent incorporation

Regulatory Compliance and Timeline

The incorporation process followed a structured timeline with key regulatory milestones. The Memorandum of Association was executed on December 24, 2025, followed by the issuance of the trade license on January 10, 2026. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI listing regulations.

Strategic Implications

This subsidiary establishment represents Orbit Exports' strategic expansion into the UAE market, providing direct access to Middle Eastern trading opportunities. The investment amount of AED 10,000 reflects a measured approach to international expansion while maintaining full operational control through 100% ownership.