Shree Ganesh Elastoplast Limited has successfully completed its postal ballot process for a special resolution to alter its Memorandum of Association. The company conducted the voting process exclusively through remote e-voting via Central Depository Services of India Limited (CDSL) platform from March 13, 2026, to April 13, 2026.

Postal Ballot Process Details

The postal ballot was conducted for shareholders whose names appeared in the Register of Members as on the cut-off date of March 6, 2026. The company had a total of 1389 shareholders eligible to participate in the voting process. The remote e-voting period commenced at 10:00 AM IST on Friday, March 13, 2026, and concluded at 05:00 PM IST on Monday, April 13, 2026.

Resolution and Voting Results

The special resolution involved the alteration of Main Object Clause No. III (A) of the Memorandum of Association by inserting a new object clause numbered III (A) 7. This new clause enables the company to carry on business providing managerial, supervisory, technical, engineering, and professional services to industries, mines, and manufacturing units for timely and qualitative production of various mineral products, mine products, and industrial products.

Shareholder Participation Breakdown

The voting results showed participation exclusively from the Public-Non Institutions category. Out of the total 55,02,000 shares, 19,31,604 votes were polled, representing 35.11% of the outstanding shares. All votes cast were in favor of the resolution, resulting in 100% approval.

Regulatory Compliance and Next Steps

The postal ballot process was conducted in accordance with Section 108 of the Companies Act, 2013, read with Rule 20 and 21 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (LODR) 2015. Scrutinizer Kamlesh M. Shah confirmed that the resolution was passed as a special resolution with the requisite majority.

The company has authorized Whole Time Director Mihir R. Shah (DIN: 02055933) to file the revised Memorandum of Association with the Registrar of Companies, Ministry of Corporate Affairs, and obtain necessary consent for the alterations. The resolution is subject to further approval and confirmation by the Ministry of Corporate Affairs under the Companies Act 2013.

Documentation and Transparency

The scrutinizer's report was prepared in the prescribed form MGT-13, and the voting results in XBRL format were uploaded to the BSE listing center simultaneously. The company submitted the complete documentation to BSE Limited on April 14, 2026, ensuring transparency for shareholders, investors, and the general public.

Shree Ganesh Elastoplast Limited has issued a formal postal ballot notice dated March 7, 2026, for the proposed amendment to its main object clause in the Memorandum of Association. The notice follows the board meeting held on March 2, 2026, which approved the initiation of the postal ballot process to enable the company to expand into consultancy services.

Postal Ballot Notice Details

The company submitted the postal ballot notice to BSE Limited on March 7, 2026, in compliance with Regulation 29-30 of the SEBI (LODR) 2015. The notice outlines the complete procedure for shareholders to participate in the e-voting process for the proposed special resolution.

E-Voting Schedule and Process

The e-voting period is scheduled to commence on Friday, March 13, 2026, at 10:00 AM and conclude on Monday, April 13, 2026, at 5:00 PM. Shareholders whose names appear in the Register of Members as on the cut-off date of March 6, 2026, are eligible to participate in the voting process.

Proposed Main Object Clause Amendment

The special resolution seeks approval for adding Main Object Clause No. III (A) 7 to the company's Memorandum of Association. The new clause will enable the company to carry on business providing managerial, supervisory, technical, engineering, and professional services to industry, mines, and manufacturing units. The services will focus on determining timely and qualitative production of various mineral products, mine products, and industrial products, including supervision of manufacturing processes for coal, iron, aluminium, zinc, copper, metals, lignite, and other related products.

Shareholder Communication and Access

The postal ballot notice is being sent electronically to shareholders whose email addresses are registered with the company or depositories. Physical copies are being dispatched to shareholders who have not provided email addresses. The notice is available on the company's website at www.shreeganeshelastoplastltd.com , BSE website at www.bseindia.com , and CDSL's e-voting platform at www.evotingindia.com .

Corporate Compliance

The postal ballot process is being conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The company has appointed Mr. Kamlesh M Shah from M/s. Kamlesh M Shah & Co., Practicing Company Secretaries, as the scrutinizer for conducting the postal ballot voting process in a fair and transparent manner. The results will be communicated to BSE Limited and uploaded on the company's website and CDSL platform upon completion of the scrutiny process.