Prudent Corporate Advisory Services Limited has secured shareholder approval to appoint Mr. Chirag Ashwinkumar Shah as a Non-Executive, Non-Independent Director. The company also received approval for the payment of his remuneration for the financial year 2026-27. These decisions were ratified through a postal ballot process, with the remote e-voting period concluding on June 11, 2026.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CS Premnarayan Ramanand Tripathi of M/s. PRT & Associates was appointed as the scrutinizer to oversee the process. The e-voting facility was provided by National Securities Depository Limited (NSDL), remaining open from May 13, 2026, to June 11, 2026.

Voting Results

The scrutinizer's report confirmed that both resolutions were passed with the requisite majority. The first resolution, regarding the appointment of Mr. Shah, was passed as an ordinary resolution. The second resolution, concerning the approval of remuneration, was passed as a special resolution.

Resolution 1: Appointment of Director

Resolution 2: Remuneration Approval

Shareholder Participation

The total number of shareholders on the cut-off date of May 8, 2026, was 32,408. The paid-up capital of the company stood at ₹20,70,33,400, divided into 4,14,06,680 equity shares of ₹5 each. Promoters and the promoter group held 22,901,394 shares, voting overwhelmingly in favour of both resolutions with 100% of their votes cast for the proposals.

Public institutions and public non-institutions also participated in the voting. While public institutions showed significant opposition to the remuneration resolution, with 17.37% voting against it, the overall votes were sufficient to pass the special resolution. The detailed voting patterns indicate strong support from the promoter group and a majority of public shareholders.

Sanjay Shah, promoter of Prudent Corporate Advisory Services , has declared that neither he nor members of the promoter group and Persons Acting in Concert (PAC) have created any encumbrance on the company's shares during FY26. The disclosure, submitted to the National Stock Exchange of India and BSE Limited, confirms that no shares were pledged directly or indirectly throughout the financial year.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or the promoter group to ensure transparency for shareholders.

Key Details of the Disclosure

The confirmation of zero encumbrance provides clarity regarding the holding structure of the promoter group during the specified period. The document was addressed to the Audit Committee of the company and the stock exchanges on April 06, 2026.