Sandhar Technologies Limited has initiated a postal ballot process to seek shareholder approval for enhancing its financial limits for granting loans, making investments, and providing guarantees under Section 186 of the Companies Act, 2013. The proposal aims to increase the aggregate limit for these activities to ₹1,500 Crores, subject to regulatory caps, to provide the Board with greater flexibility for strategic deployment of funds.

The Board of Directors, at its meeting held on May 21, 2026, approved and recommended the enhancement of the company's limits. As of March 31, 2026, the company's aggregate value of investments, loans, guarantees, and securities stood at ₹1,004.73 Crores. The current statutory maximum permissible limit under Section 186(2) is ₹1,219.79 Crores. The proposed increase to ₹1,500 Crores is intended to align with the company's long-term strategic and business objectives, enabling timely capital deployment for growth opportunities and business expansion.

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted newspaper clippings regarding the Postal Ballot Notice dated July 3, 2026, to the stock exchanges. The notice was dispatched electronically to members on July 3, 2026.

Financial Limits and Utilization

The following table outlines the current financial position and the proposed limits:

The explanatory statement notes that the company has not accepted deposits under the Act and has not defaulted in repayment. None of the directors or Key Managerial Personnel are interested in the resolution beyond their shareholding in the company.

Voting Process and Timelines

The resolution requires shareholder approval via a Special Resolution. The remote e-voting facility is available to members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of June 26, 2026. The voting period commences on July 4, 2026, at 9:00 A.M. (IST) and concludes on August 2, 2026, at 5:00 P.M. (IST). MUFG Intime India Private Limited has been appointed to facilitate the e-voting process.

Shareholders must register their email addresses with the company, its Registrar and Transfer Agent, or Depository Participants to participate in the electronic voting process. Physical copies of the notice are not being dispatched. The Scrutinizer for the postal ballot process is Shri K. K. Sachdeva, proprietor of M/s K. K. Sachdeva & Associates, Practicing Company Secretaries.

The results of the voting will be announced on or before August 4, 2026, at 5:00 P.M. (IST) and displayed on the company's website and the stock exchanges. The resolution, if passed, will be deemed to have been passed on the last date of the e-voting period, August 2, 2026.

Sandhar Technologies Limited has agreed to acquire a minimum 26% stake in Clean Renewable Energy HR 1B Private Limited for a cash consideration of INR 162.52 Lakhs. The agreement, executed on July 2, 2026, involves a Share Subscription and Shareholder's Agreement (SSSHA) with Hero Rooftop Energy Private Limited and the target entity. This strategic move is intended to enable the company to avail solar power, thereby reducing its energy costs, while also addressing the increasing demand from customers for the adoption of sustainable and renewable energy practices across the supply chain.

The acquisition aligns with the company's commitment to environmental sustainability by promoting the consumption of renewable energy, reducing its carbon footprint, and advancing its carbon neutrality initiatives. The target entity, Clean Renewable Energy HR 1B Private Limited, operates in the renewable energy and power sector. It was incorporated on June 9, 2025, and recorded a turnover of nil for the financial year 2025-26. The company has a presence in India.

The transaction is not classified as a related party transaction, and no promoter or promoter group companies hold any interest in the entity being acquired. No specific governmental or regulatory approvals are required for the acquisition. The consideration for the acquisition will be paid in cash. The percentage of shareholding acquired is a minimum 26% equity in the target entity based on the proportionate capacity allocated to Sandhar Technologies Limited.

Transaction Details

The disclosure was made in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.