Shree Rama Multi-Tech Limited has successfully completed its postal ballot process for the appointment of a new director, with shareholders demonstrating overwhelming support for the resolution. The company submitted the scrutinizer's report and voting results to both BSE Limited and National Stock Exchange of India Limited on March 23, 2026.

Director Appointment Resolution

The postal ballot sought shareholder approval for the appointment of Shri Shalin S. Patel (DIN: 01779902) as a Non-Executive Non-Independent Director of the company, with effect from February 8, 2026. This ordinary resolution was proposed through the postal ballot notice dated February 2, 2026.

Voting Results and Participation

The voting results demonstrated strong shareholder confidence in the proposed appointment:

The total votes polled represented 61.79% of the company's total paid-up equity capital, with 74 shareholders participating in the electronic voting process.

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed the electronic voting process as prescribed by various MCA circulars, eliminating the need for physical ballot forms.

Key Process Details:

Scrutinizer Oversight

Chirag Shah and Associates, Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer's report, signed by Raimeen Maradiya (FCS No. 11283, CP No. 17554), confirmed the validity of the voting process and results. The report was counter-signed by Mittal K. Patel, Chairman of the company (DIN: 03619139).

The resolution was declared passed as an ordinary resolution, given the overwhelming support from shareholders across all categories. The company has fulfilled its regulatory obligations by submitting the complete voting results and scrutinizer's report to the stock exchanges within the prescribed timeframe.

Shree Rama Multi-Tech has announced significant board changes following the completion of Shri Shalin S. Patel's tenure as Independent Director, alongside strong Q3FY26 financial performance. The company reported robust operational results while implementing strategic leadership transitions in compliance with regulatory requirements.

Director Tenure Completion and Reappointment

The company disclosed that Shri Shalin S. Patel ceased to be an Independent Director effective February 8, 2026, following the completion of his second term of five years as Independent Director. The Board of Directors placed on record its appreciation for his valuable contributions and guidance during his tenure as Independent Director.

Q3FY26 Financial Performance

The company delivered impressive quarterly results with substantial growth across all major financial parameters. Net profit increased to ₹552.64 lakhs compared to ₹526.35 lakhs in the corresponding quarter of the previous year, representing solid year-over-year growth.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, Shree Rama Multi-Tech demonstrated exceptional growth momentum. Revenue from operations reached ₹17,722.30 lakhs compared to ₹14,867.35 lakhs in the corresponding period, while net profit surged to ₹2,004.69 lakhs from ₹1,474.94 lakhs in the previous year.

Committee Reconstitution

Following the board changes, the company reconstituted its key committees effective February 8, 2026. Consequent to the completion of his term as Independent Director, Shri Shalin S. Patel ceased to be Chairman of the Nomination & Remuneration Committee and Member of the Audit Committee and Stakeholders' Relationship Committee.

Board Composition Update

The revised Board composition effective February 8, 2026, includes six directors with Shri Mittal K. Patel continuing as Independent Director-Chairman. Shri Shalin S. Patel, who holds a Masters of Science in Chemical Engineering with extensive experience in chemical areas including project implementation and planning, transitions to his new role as Non-Executive Director.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 2, 2026. The company continues to operate in the manufacturing of packaging materials segment, focusing on lami-tubes, tube laminates, multilayer films, and flexible laminates.