Orient Ceratech Limited shareholders have overwhelmingly approved the reappointment of Mr. Ketan Shrimankar as a Non-Executive Independent Director, ensuring continuity in its board governance structure. The company declared the results of its postal ballot on July 30, 2026, revealing that the special resolution passed with 99.99% support, reflecting strong stakeholder confidence in Mr. Shrimankar’s continued leadership.

The voting process was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013. Central Depository Services (India) Limited (CDSL) served as the e-voting agency, while Mrs. Dipti Gohil, a practicing Company Secretary, acted as the independent scrutinizer to ensure a fair and transparent process. The cut-off date for determining voting eligibility was June 26, 2026.

Voting Results Breakdown

The postal ballot saw significant participation from promoter entities, which hold the majority of shares. The detailed voting pattern is outlined below:

Promoter shareholders cast all their polled votes in favor of the resolution. Among public non-institutional investors, 92.50% of the polled votes supported the reappointment, while 7.50% voted against. No votes were recorded from public institutions during this ballot period.

Board Governance Implications

Mr. Shrimankar, who was initially appointed as an Independent Director on August 11, 2021, has submitted a declaration confirming his independence under Section 149(6) of the Companies Act, 2013, and Regulation 16 of the Listing Regulations. His reappointment is not liable to retirement by rotation. The new term will commence on August 11, 2026, and extend for two consecutive years.

The Board of Directors had proposed this regularization following recommendations from the Nomination & Remuneration Committee. This approval ensures that Orient Ceratech maintains the required composition of independent directors on its board, adhering to corporate governance norms mandated by regulatory authorities.

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.