Sanmit infra Limited has disclosed the comprehensive voting results and scrutinizer's report for its Extraordinary General Meeting held on March 18, 2026, with all four proposed resolutions receiving overwhelming shareholder approval of 99.97%. The company submitted the official documentation to BSE Limited on March 20, 2026, in compliance with Regulation 44(3) of SEBI Listing Regulations.

Meeting Overview and Participation

The EGM was conducted through video conferencing from 01:00 PM to 01:32 PM IST on March 18, 2026, with 62 members attending the virtual meeting. The scrutinizer Ramesh Chandra Mishra from M/s Ramesh Mishra & Associates (FCS 5477, CP 3987) supervised the entire voting process and submitted the official report on March 20, 2026.

Comprehensive Voting Results

All four resolutions achieved identical voting patterns with 50 members voting in favor and 4 members voting against across all agenda items. The voting results demonstrate strong shareholder confidence in the company's strategic initiatives.

Resolution Details and Outcomes

The first two ordinary resolutions focused on capital restructuring, including consolidation of equity shares and amendments to the Memorandum of Association's capital clause. The updated capital structure reflects ₹16,00,00,000 authorized share capital comprising 1,60,00,000 equity shares of ₹10 each.

The special resolutions addressed governance and expansion matters. Resolution 3 regularized the appointment of Mr. Nandkumar Gorkhnath Patil (DIN: 11518058) as Non-Executive Independent Director, while Resolution 4 approved acquisition of equity shares in a proposed company to make it a subsidiary.

Shareholding Pattern and Participation

The voting analysis reveals significant participation from public non-institutional shareholders, who cast 73,144 votes representing 0.17% of their total shareholding of 43,725,520 shares. Notably, promoter and promoter group members, holding 114,281,980 shares, did not participate in the e-voting process.

Regulatory Compliance and Documentation

Managing Director Sanjay Kanayalal Makhija (DIN: 00586770) digitally signed and submitted all required documentation to BSE Limited, ensuring full compliance with SEBI regulations. The scrutinizer's report was prepared in accordance with Section 108 of the Companies Act, 2013, and relevant MCA circulars issued through 2024.

The company utilized CDSL's e-voting platform for both remote voting and EGM voting, with the scrutinizer conducting the process in the presence of independent witnesses Mr. Aniket Dangi and Ms. Neha Sinha. All voting results have been made available on the company's website and CDSL platform as per regulatory requirements.

Sanmit infra Limited has incorporated a new subsidiary to expand its infrastructure development capabilities, according to a regulatory disclosure filed on March 14, 2026. The company established Sanmit Truevalue Infraprojects Private Limited on March 10, 2026, marking a strategic expansion into specialized road construction and maintenance services.

Subsidiary Formation Details

The newly incorporated subsidiary operates under CIN U42101MH2026PTC469192 with an authorized share capital of Rs. 15.00 lakh. Sanmit Infra Limited acquired majority control through a strategic investment structure.

Business Focus and Operations

Sanmit Truevalue Infraprojects Private Limited will specialize in microsurfacing works and comprehensive infrastructure development projects. The subsidiary's operational scope encompasses executing, undertaking, managing, and implementing road construction and maintenance projects throughout India and abroad through various business models including joint ventures, consortiums, and subcontracting arrangements.

The company will also establish manufacturing capabilities for road construction materials. Key products will include:

• Bitumen emulsion and modified bitumen
• Microsurfacing mixtures and asphalt products
• Aggregates and construction chemicals
• Allied road construction materials

Related Party Transaction Structure

The incorporation represents a related party transaction, with Managing Director Sanjay Kanayalal Makhija (DIN: 00586770) serving as director in both the parent company and the newly formed subsidiary. This structure ensures aligned management oversight across both entities while maintaining regulatory compliance.

Strategic Implications

The subsidiary formation aligns with Sanmit Infra Limited's expansion strategy in the infrastructure sector. By establishing dedicated manufacturing and processing facilities, the company aims to create an integrated value chain for road construction and maintenance services. The entity's focus on microsurfacing technology positions it to address specialized road maintenance requirements in the growing infrastructure market.

As the subsidiary was incorporated on March 10, 2026, it has yet to commence business operations, with no applicable turnover history. The company will operate within India's infrastructure development sector, contributing to the parent company's diversified project portfolio.