Rulka Electricals Limited has successfully concluded its postal ballot e-voting process, with shareholders unanimously approving the appointment of Doshi Doshi & Co., Chartered Accountants (Firm Registration Number: 153683W) as the company's Statutory Auditors. The resolution was passed on May 8, 2026, following an e-voting window that remained open from 9:00 a.m. on Thursday, April 9, 2026 to 5:00 p.m. on Friday, May 8, 2026, facilitated through Bigshare Services Private Limited's I-Vote E-Voting System.

Background of the Appointment

The appointment of Doshi Doshi & Co. was necessitated by the resignation of the company's existing Statutory Auditors, R K Jagetiya & Co., Chartered Accountants, creating a casual vacancy. The new firm has been appointed to fill this vacancy and will serve until the date of the next Annual General Meeting to be held in calendar year 2026. The Postal Ballot Notice was dated March 30, 2026, and was sent electronically to all shareholders whose names appeared in the register of members as on March 27, 2026. The company also published newspaper advertisements in Financial Express (English) and Jansatta (Hindi) on April 8, 2026, regarding the dispatch of the Postal Ballot Notice along with remote e-voting information.

Voting Results Summary

A total of 1529 shareholders were on record as of the record date. Of these, 20 members cast their votes through the e-voting platform, representing 2966220 equity shares. The resolution received unanimous support, with 100% of total votes polled recorded in favour and zero votes against or abstained. The following table summarises the e-voting outcome for Resolution No. 1:

Category-Wise Voting Breakdown

The category-wise breakdown of votes polled provides further detail on shareholder participation. The Promoter and Promoter Group category held 2947520 shares and polled 2946720 votes, representing 99.9729% of their outstanding shares, all of which were cast in favour. Public Institutional shareholders held 78880 shares but recorded zero votes polled. Public Non-Institutional shareholders held 1232000 shares and polled 19500 votes, representing 1.5828% of their outstanding shares, all in favour.

Scrutinizer's Findings

Mr. Ashwin Shah, Practicing Company Secretary (Membership Number FCS: 1640, COP: 1640), was appointed as the Scrutinizer to oversee the postal ballot process in a fair and transparent manner. In his report dated May 8, 2026, Mr. Shah confirmed that all votes cast electronically up to May 8, 2026 at 5:00 p.m. were considered for scrutiny. The votes were unblocked in the presence of two witnesses, Ms. Yatri Patel and Ms. Maitri Mehta, both of whom are not in the employment of the company. Based on his findings, Mr. Shah confirmed that since 100% of total votes polled were in favour of Resolution No. 1, the resolution was duly passed as an Ordinary Resolution with requisite majority.

Rupesh Kasavkar, Chairman & Managing Director of Rulka Electricals, declared the result of the postal ballot on May 8, 2026, confirming the resolution as duly passed. The promoter and promoter group were noted as not having any interest in the agenda or resolution. All relevant records and registers pertaining to the e-voting process are to be retained in safe custody until the minutes of the postal ballot are approved and signed, after which they will be handed over to the compliance officer of the company.

Rulka Electricals has successfully secured new contracts worth ₹24.4 crore (₹244 million), marking a significant milestone in the company's business expansion efforts. The contract acquisition demonstrates Rulka Electricals' continued ability to win new business in the competitive infrastructure development market.

Contract Details

The newly obtained contracts represent a substantial addition to Rulka Electricals' order book, with a total value of ₹24.4 crore. These contracts are expected to contribute to the company's revenue generation and operational growth in the coming periods.

Business Impact

The contract wins underscore Rulka Electricals' competitive positioning in the infrastructure development sector. As a company operating in the infrastructure developers and operators segment, these new contracts align with the company's core business operations and expertise in electrical infrastructure solutions.

The successful acquisition of these contracts reflects Rulka Electricals' ability to secure new business opportunities and maintain its presence in the market. For Rulka Electricals, which operates as a small-cap company in the infrastructure space, such contract wins are crucial for sustaining business momentum and revenue growth.

Market Position

Rulka Electricals continues to focus on expanding its contract portfolio within the electrical infrastructure domain. The company's ability to secure new contracts worth ₹24.4 crore demonstrates its operational capabilities and market competitiveness in the infrastructure development sector.

This latest development signifies a positive step in Rulka Electricals' operational expansion, potentially strengthening its position in the electrical infrastructure market and contributing to its overall growth strategy.