Regency Ceramics Limited has successfully concluded its postal ballot process, with shareholders approving two key resolutions related to material related party transactions. The company announced the results on April 1, 2026, following the completion of the e-voting process on March 28, 2026.

Postal Ballot Overview

The postal ballot was conducted exclusively through e-voting, in accordance with regulatory requirements and MCA circulars. The process was supervised by Mr. Nagaraju Varukuti (Membership No. A56337), a Practicing Company Secretary from Nagaraju & Associates, who was appointed as scrutinizer on February 12, 2026.

Resolution Details and Voting Results

Both resolutions pertained to related party transactions with Ms. Radhika Prasad Narala, who serves as a Promoter and Non-Executive Director of the company. The voting demonstrated strong shareholder support across both proposals.

Resolution 1: Material Related Party Transactions Approval

The first ordinary resolution sought approval for material related party transactions with Ms. Radhika Prasad Narala.

Resolution 2: Ratification of Related Party Transactions

The second ordinary resolution focused on approving and ratifying related party transactions with the same promoter.

Participation and Compliance

The e-voting process saw participation from 123 members representing 3,604,708 votes, which constituted 13.63% of the total outstanding shares. Notably, promoter and promoter group members abstained from voting on both resolutions, as is customary for related party transactions involving interested parties.

The company maintained full compliance with regulatory requirements, including:

• Section 108 of the Companies Act, 2013
• Rule 20 of the Companies (Management and Administration) Rules, 2014
• Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Documentation and Transparency

The scrutinizer's report and detailed voting results have been made available on the company's website at www.regencyceramics.in and on the e-voting agency's portal at www.evotingindia.com . The postal ballot notice was initially dispatched on February 26, 2026, providing shareholders with comprehensive information about the proposed transactions.

The successful completion of this postal ballot process demonstrates strong shareholder confidence in Regency Ceramics Limited's governance practices and the proposed related party transactions with Ms. Radhika Prasad Narala.

Regency Ceramics Limited has announced a postal ballot notice dated February 26, 2026, seeking shareholder approval for material related party transactions with promoter Ms. Radhika Prasad Narala. The company has proposed two ordinary resolutions requiring member approval through remote e-voting.

Proposed Related Party Transactions

The postal ballot covers two key resolutions involving transactions with Ms. Radhika Prasad Narala, who serves as Promoter and Non-Executive Director holding 18.23% of the company's paid-up capital:

The first resolution seeks approval for future borrowings/loans from Ms. Radhika Prasad Narala up to an aggregate amount not exceeding Rs. 1,00,00,00,000/- (Rupees One Hundred Crore only). The second resolution aims to ratify unsecured loans aggregating Rs. 19,91,33,000/- (Rupees Nineteen Crore Ninety-One Lakh Thirty-Three Thousand only) already availed during the current financial year.

Transaction Details and Materiality

Both transactions represent 761.03% of the company's annual consolidated turnover for the immediately preceding financial year, significantly exceeding the 10% materiality threshold prescribed under Regulation 23 of SEBI Listing Regulations. The loans are structured as:

• Nature: Unsecured loans
• Interest Rate: Interest-free
• Repayment: On demand basis
• Security: No charge created on company assets
• Purpose: Meeting operational and working capital requirements

E-Voting Schedule and Process

The company has engaged Central Depositories Services (India) Limited (CDSL) to provide remote e-voting facility. The voting timeline is structured as follows:

Mr. Nagaraju Varukuti (Membership No. A56337), Practicing Company Secretary from Nagaraju and Associates, has been appointed as Scrutinizer for conducting the postal ballot process.

Business Rationale

According to the explanatory statement, the company has been incurring losses for several quarters and facing increased working capital requirements. The interest-free, unsecured nature of the borrowings makes the arrangement commercially beneficial for the company and its stakeholders. The Audit Committee has reviewed and approved the transactions, noting they align with the company's Related Party Transactions Policy.

Compliance and Regulatory Framework

The postal ballot notice complies with various regulatory requirements including Sections 108 and 110 of the Companies Act, 2013, Regulation 23 of SEBI Listing Regulations, and multiple MCA circulars. In accordance with regulatory guidelines, related parties must abstain from voting on these resolutions.

The notice will be available on the company's website at www.regencyceramics.in and stock exchange websites. Results will be communicated to BSE Limited and National Stock Exchange of India Limited simultaneously upon announcement.