Seshachal Technologies Shareholders Approve Preferential Allotment of 1.13 Crore Warrants via Postal Ballot

2 min read Updated on 07 Apr 2026, 02:41 AM

Reviewed by

Radhika SScanX News Team

AI Summary

Seshachal Technologies Limited successfully completed its postal ballot process with shareholders unanimously approving the preferential allotment of up to 1,13,63,637 fully convertible warrants to non-promoter public category. The voting witnessed 34.63% participation with all 240,478 votes cast in favour and zero against, with scrutinizer Piyush Gandhi confirming compliance with regulatory requirements.

*this image is generated using AI for illustrative purposes only.

Seshachal Technologies Limited has announced the successful completion of its postal ballot process, with shareholders unanimously approving a special resolution for preferential allotment of fully convertible warrants. The company disclosed the voting results and scrutinizer's report under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Details

The shareholders approved the preferential allotment of up to 1,13,63,637 (One Crore Thirteen Lakh Sixty-Three Thousand Six Hundred Thirty-Seven Only) fully convertible warrants to persons belonging to the "Non-Promoter, Public Category." This special resolution was part of the postal ballot notice dated March 06, 2026.

Parameter:	Details
Resolution Type:	Special Resolution
Warrant Quantity:	Up to 1,13,63,637
Target Category:	Non-Promoter, Public Category
Notice Date:	March 06, 2026
Record Date:	February 27, 2026

Voting Process and Timeline

The remote e-voting period commenced on March 07, 2026, at 9:00 a.m. (IST) and concluded on April 05, 2026, at 5:00 p.m. (IST). The record date for determining eligible shareholders was February 27, 2026, with a total of 1,477 shareholders on record.

M/s. Piyush Gandhi & Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer was appointed by the board on March 05, 2026, and submitted the consolidated scrutinizer's report on April 06, 2026.

Voting Results Analysis

The postal ballot witnessed strong support from shareholders across categories, with the resolution receiving unanimous approval through postal ballot mechanism.

Category:	Shares Held	Votes Polled	Polling %	Votes in Favour
Promoter and Promoter Group:	235,214	235,214	100.00%	235,214
Public-Institutions:	0	0	0.00%	0
Public-Non Institutions:	459,146	5,264	1.15%	5,264
Total:	694,360	240,478	34.63%	240,478

The voting results demonstrate complete consensus among participating shareholders, with all 240,478 votes cast in favour of the resolution and zero votes against. The overall polling percentage stood at 34.63% of the total shareholding, with 14 members participating in the voting process.

Scrutinizer Confirmation and Compliance

Piyush Gandhi, the appointed scrutinizer with membership number A54730 and Certificate of Practice number 20183, confirmed that the resolution was passed with the requisite majority. The scrutinizer's report was prepared in accordance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014.

The company has fulfilled its disclosure obligations by filing the voting results with BSE Limited, where its shares are listed under scrip code 531794. The detailed voting results and scrutinizer's report have been submitted in the required XBRL format to the stock exchange for record. Managing Director & CFO Prabhaker Reddy Aedla digitally signed the disclosure documents on April 06, 2026.