Sanmit infra Limited has announced a board meeting to address share consolidation matters, demonstrating the company's commitment to regulatory compliance and corporate governance.

Board Meeting Details

The company has scheduled its board meeting with specific parameters outlined in its official communication to BSE Limited.

Meeting Agenda

The board meeting will focus on two primary items as communicated to the Department of Corporate Relations at BSE Limited:

• Fixing record date for purpose of consolidation of shares
• Consideration of any other items that may arise

Regulatory Compliance

The meeting notice has been issued in accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30 and 42. This demonstrates the company's adherence to mandatory disclosure requirements for listed entities.

Corporate Authorization

The official communication bears the signature and seal of Managing Director Sanjay Makhija, who holds DIN: 00586770. The notice was formally submitted to BSE Limited, where the company trades under BSE CODE: 532435.

The share consolidation process typically involves combining multiple existing shares into fewer shares, which requires board approval for setting the appropriate record date to determine eligible shareholders.

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.