Shish Industries Limited has successfully completed its postal ballot process and announced the detailed voting results for five key corporate resolutions. The company submitted the comprehensive voting results to BSE Limited under Regulation 44 of SEBI (LODR) Regulations, 2015, with all resolutions receiving overwhelming shareholder approval.

Postal Ballot Overview and Process

The Board of Directors approved the postal ballot process during their meeting held on February 12, 2026, under Section 110 of the Companies Act, 2013. The company conducted the postal ballot exclusively through remote e-voting via National Securities Depository Limited (NSDL) platform.

Detailed Resolution Results and Voting Outcomes

All five resolutions were successfully passed with exceptional shareholder support. The voting results demonstrate strong confidence from both promoter and public shareholders across all proposed corporate actions.

Key Corporate Resolutions Approved

The postal ballot addressed five critical items requiring shareholder approval:

Resolution 1 & 5: Approval for material related party transactions with Interstar Polyfab Private Limited (IPPL) and Shish Advanced Composites Private Limited (SACPL) respectively, both receiving 99.97% approval from public shareholders.

Resolution 2: Revision in remuneration for Mrs. Nitaben Satishkumar Maniya (DIN: 07740523), Executive Director, approved with 99.998% support including strong promoter participation.

Resolution 3: Re-appointment of Mr. Nareshkumar Parshottambhai Lakhani (DIN: 09023300) as Independent Director, securing 99.998% approval.

Resolution 4: Authorization for advancing loans/guarantees to SACPL under Section 185 of Companies Act, 2013, passed with 99.998% support.

Shareholder Participation and Scrutinizer Report

The postal ballot witnessed significant participation with over 233 million votes polled for special resolutions and over 21 million votes for ordinary resolutions. M/s. ALAP & CO. LLP, appointed as scrutinizer, confirmed the fair and transparent conduct of the voting process.

The results were declared by Chairman and Managing Director Satishkumar Dayabhai Maniya (DIN: 02529191) and communicated to BSE Limited for regulatory compliance. The company has made the detailed voting results available on its website and the stock exchange platform for transparency.

Shish Industries Limited has completed a major capital raising initiative through preferential allotment of equity shares and convertible warrants, as approved by its Board of Directors in a meeting held on February 26, 2026. The company formally communicated the allotment outcome to BSE Limited through an official disclosure.

Equity Share Allotment Details

The company successfully allotted 40000040 equity shares through preferential issue, raising substantial capital for its operations.

The newly allotted equity shares rank pari passu with existing equity shares of the company in all respects, ensuring equal rights for all shareholders.

Impact on Share Capital Structure

The preferential allotment has significantly expanded the company's equity base, reflecting strong investor confidence.

Convertible Warrants Issue

Alongside the equity allotment, the company also issued convertible warrants to provide additional funding flexibility.

Each warrant is fully convertible into one equity share of face value ₹1.00, providing the company with potential future capital infusion upon conversion.

Board Meeting and Regulatory Compliance

The Board of Directors convened at the company's registered office on February 26, 2026, from 06:15 P.M. to 07:00 P.M. to deliberate and approve these significant capital market transactions. The meeting was chaired by Satishkumar Maniya, Chairman and Managing Director, who digitally signed the official communication to BSE Limited.

The allotments were executed in accordance with the special resolutions previously passed by the company's shareholders, ensuring proper corporate governance and regulatory compliance. The warrants have been issued as per the terms and conditions specified in the shareholder-approved special resolution, providing a structured framework for future conversion into equity shares.