Sheetal Cool Products Limited has disclosed the complete voting results and scrutinizer report for its postal ballot process, confirming shareholders' approval for the appointment of M/s. Pitroda Nayan & Co., Company Secretaries as the company's new Secretarial Auditor. The company submitted the disclosure on April 03, 2026, to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Overwhelming Shareholder Support

The postal ballot, conducted exclusively through e-voting via National Securities Depository Limited (NSDL), received exceptional support from shareholders. The voting process commenced on March 04, 2026, at 09:00 AM IST and concluded on April 02, 2026, at 5:00 PM IST.

Resolution Details and Compliance

The ordinary resolution for the appointment of M/s. Pitroda Nayan & Co., Company Secretaries as Secretarial Auditor was passed with requisite majority. The postal ballot notice was dated February 26, 2026, and dispatched to shareholders on March 02, 2026. The cut-off date for determining eligible shareholders was February 20, 2026, with a total of 9,723 shareholders on record.

Scrutinizer Verification and Report

Mr. Nayan Pitroda, proprietor of Pitroda Nayan & Co., Company Secretaries, served as the appointed scrutinizer for the postal ballot process. His comprehensive report, submitted on April 03, 2026, confirmed that all procedural requirements under Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, were duly followed.

Corporate Governance Framework

The postal ballot process was conducted in accordance with MCA circulars and guidelines, including various general circulars issued between 2020 and 2025. The company ensured compliance with all regulatory requirements, with notices sent exclusively through email to shareholders whose email addresses were registered with the Registrar and Transfer Agent or Depositories as on the cut-off date. No invalid votes were recorded during the entire process, demonstrating the effectiveness of the e-voting system and shareholder participation.

The appointment of the new Secretarial Auditor represents a significant step in strengthening the company's corporate governance framework, with the resolution receiving support from 23 members representing 23,42,133 votes in favor and minimal opposition of just 6 votes against.

Sheetal Cool Products Limited has received a disclosure under SEBI regulations regarding the acquisition of shares by promoter group member Yash Bhupatbhai Bhuva. The transaction involves the acquisition of 9004 equity shares through a gift arrangement, representing a strategic move within the promoter group structure.

Transaction Details

The acquisition was completed on 28/03/2026 through a gift transaction without any monetary consideration. Yash Bhupatbhai Bhuva, residing at Sheri – 17, Rokadvadi, Near Railway Fatak, Keriya Road, Amreli, Gujarat, acquired the shares as part of an internal promoter group arrangement.

Shareholding Structure

The company's equity structure remains unchanged with a total share capital of Rs. 10,50,00,000, comprising 1,05,00,000 fully paid equity shares of Rs. 10 each. The acquisition represents a minor increase in the promoter group's consolidated holding through internal restructuring.

Persons Acting in Concert

Yash Bhupatbhai Bhuva operates in concert with 10 other promoter group members, including:

• Sanjay Dakubhai Bhuva
• Bhupatbhai Dakubhai Bhuva
• Dineshkumar Dakubhai Bhuva
• Asmitaben Sanjaybhai Bhuva
• Kajalben Dineshbhai Bhuva
• Nayanaben Bhupatbhai Bhuva
• Dakubhai Jivrajbhai Bhuva
• Shantaben Dakubhai Bhuva
• Hardik Dineshbhai Bhuva
• Ektaben Hardikbhai Bhuva

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on 30/03/2026. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The transaction maintains transparency in promoter group shareholding changes and ensures compliance with regulatory requirements for substantial acquisition disclosures.