Orient Ceratech Limited has initiated a postal ballot process to seek shareholder approval for the reappointment of Mr. Ketan Shrimankar as a Non-Executive Independent Director. The resolution proposes a second term of two consecutive years commencing from August 11, 2026. Shareholders are required to vote on this matter through remote e-voting, which is open from July 1, 2026, to July 30, 2026.

The Board of Directors, at its meeting on June 18, 2026, appointed Mrs. Dipti Gohil, a Practicing Company Secretary, as the Scrutinizer to ensure the voting process is conducted fairly. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting facility. The cut-off date for determining shareholder eligibility is June 26, 2026.

Special Business

The primary agenda item is the regularization of the reappointment of Mr. Ketan Shrimankar (DIN: 00452468). His first term as an Independent Director is set to expire on August 10, 2026. The reappointment is subject to the approval of a special resolution by shareholders. Mr. Shrimankar has submitted a declaration confirming his independence under Section 149(6) of the Companies Act, 2013, and Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates and Process

Shareholders holding shares in demat mode can vote through their depository accounts using CDSL or NSDL e-voting systems. Those holding shares in physical mode must log on to the e-voting website provided by CDSL. The results will be announced at the company's Registered Office in Mumbai and will be available on its website.

Mr. Ketan Shrimankar is a Chartered Accountant with approximately four decades of experience. He currently serves as a fund manager with a SEBI registered Category III fund and has expertise in company law, audit, and taxation. The Nomination and Remuneration Committee has recommended his reappointment based on his performance evaluation and contribution to the company.

Orient Ceratech Limited has executed an agreement to sell its Windmills Business for a revised consideration of Rs 16.45 Crore. The slump sale transaction, completed on June 30, 2026, involves the transfer of seven windmills along with all associated assets and liabilities on a going concern basis. The sale consideration was increased following mutual negotiations between the company and the purchaser.

The transaction was undertaken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially disclosed its intent to sell the Power Division on June 18, 2026. The cut-off date for the transfer of the business is June 30, 2026.

Transaction Details

The agreement was signed by Krupal Upadhyay, Company Secretary & Compliance Officer of Orient Ceratech Limited. The filing was submitted to the BSE Limited and the National Stock Exchange of India Ltd. on July 1, 2026.