Orbit exports has received a disclosure from Kaushik Daga regarding the substantial disposal of shares under SEBI's takeover regulations. Daga has disposed of his entire 7.49% stake in the company through an off-market transaction on March 27, 2026, reducing his holding to zero.

Disposal Details

The disposal was completed through an off-market transaction on March 27, 2026. Kaushik Daga disposed of 19,84,717 equity shares, representing 7.49% of Orbit Exports Limited's paid-up equity share capital.

Holdings Before and After Transaction

The disclosure reveals the complete change in Kaushik Daga's shareholding pattern. Prior to the disposal, he held 19,84,717 shares representing 7.49% of the company's equity capital.

Company Share Capital Structure

Orbit Exports Limited's equity share capital remains unchanged following the disposal. The company's paid-up equity share capital stands at ₹26,51,11,520, comprising 2,65,11,152 equity shares of ₹10 each.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kaushik Daga does not belong to the promoter or promoter group of the company. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where Orbit Exports Limited shares are listed under the symbol ORBTEXP and security code 512626.

Orbit Exports Limited has successfully completed its postal ballot process through remote e-voting, with shareholders overwhelmingly approving two key director appointments. The company submitted its regulatory disclosure to BSE Limited and National Stock Exchange of India Limited on March 20, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Regulatory Compliance and Documentation

The company filed its official disclosure with stock exchanges, providing comprehensive proceedings of the special resolutions passed by shareholders. Chief Financial Officer Rahul Tiwari signed the regulatory submission, ensuring full compliance with Securities and Exchange Board of India requirements.

Voting Results Overview

The postal ballot process demonstrated exceptional shareholder support for both proposed resolutions. The voting concluded on March 19, 2026, with results declared on March 20, 2026, showing remarkable consensus across all shareholder categories.

Director Appointments Approved

Both special resolutions received overwhelming shareholder approval with identical voting patterns of 99.99% in favour. The appointments strengthen the company's leadership structure with new expertise in independent oversight and executive management.

Resolution 1: Independent Director Appointment

Shareholders approved the appointment of Mr. Aditya Jain (DIN: 11489453) as an Independent Director for a five-year term from January 30, 2026, to January 29, 2031. This appointment enhances the board's independent oversight capabilities and governance framework.

Resolution 2: Executive Director Appointment

The second resolution approved the appointment of Mr. Parth Seth (DIN: 07684397) as Executive Director & Chief Executive Officer for five consecutive years effective January 30, 2026. Mr. Parth Seth is the son of existing promoters Mr. Pankaj Seth (Managing Director) and Mrs. Anisha Seth (Whole-Time Director), representing continuity in family leadership.

Detailed Voting Statistics

The voting results demonstrated exceptional consensus across all shareholder categories, with minimal opposition to either resolution.

Legal Framework and Process

The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, along with various MCA circulars and SEBI Listing Regulations. The company utilized NSDL's remote e-voting platform, ensuring transparent and secure voting process for all eligible shareholders.

The voting process was conducted in accordance with regulatory requirements, with all electronic data and relevant records maintained in safe custody and handed over to the company's Chief Financial Officer and Company Secretary for safekeeping. The results and scrutinizer's report are available on the company website at www.orbitexports.com and NSDL's e-voting portal.