Incredible Industries Limited has disclosed regulatory filings under SEBI (Prohibition of Insider Trading) Regulations, 2015 regarding an inter-se transfer of 3,40,000 equity shares between promoter group entities. The transaction involves the acquisition by Chandrakanta Agarwal and corresponding sale by RND Steels Limited.

Transaction Details

Chandrakanta Agarwal, part of the promoter group, acquired 3,40,000 equity shares through on-market purchase on March 25, 2026. Simultaneously, RND Steels Limited, another promoter group entity, sold the same number of shares, resulting in an internal transfer within the promoter group structure.

Regulatory Compliance

Both entities filed separate disclosures in Form C under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosures were submitted to the company on March 27, 2026, and subsequently forwarded to BSE, NSE, and Calcutta Stock Exchange.

Shareholding Pattern Changes

The inter-se transfer resulted in specific changes within the promoter group structure while maintaining overall promoter holding. Chandrakanta Agarwal, who previously held no shares in the company, now holds 3,40,000 shares representing 0.73% of total share capital.

Entity Information

RND Steels Limited (CIN: U27109WB1992PLC055488) is registered at 14, Netaji Subhas Road, Kolkata, while Chandrakanta Agarwal is based in Salt Lake City, Kolkata. Both entities are part of the promoter group structure of Incredible Industries Limited, which maintains its corporate office at Lansdowne Towers, Sarat Bose Road, Kolkata.

Incredible Industries Limited has successfully concluded its postal ballot process, announcing results on February 11, 2026, with shareholders demonstrating strong support for the proposed resolution. The company conducted the voting exclusively through remote e-voting in accordance with regulatory requirements under Section 110 read with Section 108 of the Companies Act, 2013.

Postal Ballot Process and Regulatory Framework

The postal ballot notice was issued on January 8, 2026, seeking shareholder consent for appointing Mr. Raj Prakash Verma (DIN: 09305391) as a Non-Executive Director (Non-Independent) of the company. The process was conducted pursuant to the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, MCA General Circular No. 09/2024, and SEBI Listing Regulations.

Voting Results and Shareholder Participation

The resolution received exceptional support from shareholders across all categories. A total of 61 members participated in the remote e-voting process, casting votes for 3,81,88,350 shares representing 81.66% of the total outstanding shares.

Category-wise Voting Breakdown

The promoter and promoter group demonstrated strong support for the resolution with 92.43% participation, while public shareholders also showed significant approval. The detailed voting pattern reflects broad-based confidence in the proposed appointment.

Scrutinizer's Report and Compliance

Mr. Mohan Ram Goenka of MR & Associates, Company Secretaries, served as the appointed scrutinizer to ensure the voting process maintained fairness and transparency. The scrutinizer's report dated February 11, 2026, confirmed that all procedural requirements were met and the resolution was passed with requisite majority.

The scrutinizer certified that 61 members cast their votes through the remote e-voting platform, with the voting portal being blocked immediately after the conclusion of the e-voting period. The votes were unblocked in the presence of two independent witnesses, and the e-voting summary was downloaded from CDSL's platform.

Resolution Outcome and Director Appointment

Based on the scrutinizer's report, the ordinary resolution for appointing Mr. Raj Prakash Verma as a Non-Executive Director (Non-Independent) has been deemed passed with requisite majority. The appointment does not involve any interest from the promoter or promoter group in the resolution.

The complete voting results and scrutinizer's report are available on the company's website at www.incredibleindustries.co.in for shareholder reference. All relevant records of the voting process are maintained in electronic format and preserved as per statutory requirements.