Sandhar Technologies Limited shareholders have approved a special resolution to enhance the company’s financial flexibility by increasing its limits for granting loans, making investments, and providing guarantees and securities. The resolution, governed by Section 186 of the Companies Act, 2013, was passed with overwhelming support, receiving 98.96% of the valid votes cast. This approval allows the management to execute larger strategic transactions and optimize capital deployment without seeking repeated shareholder consent for individual deals within the new limits.

The voting process concluded on August 02, 2026, with K K Sachdeva & Associates appointed as the independent scrutinizer for the postal ballot conducted through remote e-voting. The e-voting period ran from July 4, 2026, to August 2, 2026. The scrutinizer’s report, dated August 03, 2026, confirms that the resolutions were passed in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013.

A total of 201 members participated in the remote e-voting process, representing 51,550,153 equity shares. After excluding one abstention vote representing 50 shares, the total number of valid votes stood at 51,550,103. Of these, 51,012,009 votes were cast in favor of the resolution, while 538,094 votes were cast against it. The high level of participation and support underscores strong shareholder confidence in the company’s strategic direction and capital allocation plans.

Voting Breakdown by Shareholder Category

The voting pattern revealed distinct differences in support across shareholder categories. Promoter interests voted unanimously in favor, while public institutional investors showed strong majority support. Public non-institutional investors demonstrated slightly lower but still significant backing.

The promoter group, holding 42,362,245 shares, participated fully with a 100% turnout rate and voted entirely in favor of the resolution. Public institutions, holding 10,080,398 shares, had a participation rate of 91.07%, with 94.15% of those polled supporting the measure. In contrast, public non-institutional investors showed minimal participation, with only 7,828 votes polled out of 7,748,065 shares held, representing a turnout of just 0.10%. However, among those who did vote, 89.74% supported the resolution.

What the Numbers Show

The unanimous support from the promoter group is a critical signal of alignment between ownership and management regarding the company’s future capital requirements. The near-universal approval (98.96%) suggests that shareholders view the enhanced lending and investment powers as essential for operational efficiency rather than a risk factor. The low participation rate among retail and small non-institutional investors (0.10%) is typical for postal ballots but indicates that the outcome was driven primarily by large block holders and institutional stakeholders. This concentration of voting power ensures that strategic decisions can be executed swiftly without significant dissent from major equity participants.

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.