Sicagen India Limited has secured shareholder approval to appoint Mr. Prasanna Joshi as a Director and Whole-Time Director following a postal ballot process that concluded on July 8, 2026. The resolutions were passed with a requisite majority, receiving over 99.98% of the votes in favour, thereby formalizing the leadership changes within the company.

The remote e-voting process was conducted via the Central Depository Services (India) Limited (CDSL) platform from June 9, 2026, to July 8, 2026. M/s. KRA & Associates, Practicing Company Secretaries, served as the scrutinizer for the process, ensuring the voting was conducted fairly and transparently under the provisions of the Companies Act, 2013, and SEBI Listing Regulations, 2015.

Voting Results Summary

The two ordinary resolutions put to vote concerned the appointment of Mr. Prasanna Joshi. The first resolution sought his appointment as a Director under Section 152 of the Companies Act, 2013, while the second resolution sought approval for his appointment and remuneration as a Whole-Time Director.

Shareholder Participation

Members of the company as on the cut-off date of May 29, 2026, were eligible to participate in the voting process. A total of 25,250,647 votes were polled across both resolutions. The promoter and promoter group cast 24,176,883 votes in favour of both resolutions, while public non-institutions and public institutions contributed the remaining votes.

The detailed scrutinizer's report confirms that the resolutions were passed on July 8, 2026, the date of conclusion of the postal ballot voting period. The electronic data and records relating to the remote e-voting will be handed over to the Company Secretary & Compliance Officer for safe custody.

Twinshield Consultants Private Limited, a promoter group entity, has increased its shareholding in Sicagen India Limited by acquiring 15,45,500 equity shares. The transaction was executed via an off-market sale on June 19, 2026, at the prevailing market rate. This acquisition was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, Twinshield Consultants held 69,02,634 shares, representing 17.44% of the total voting capital. Following the purchase of 15,45,500 shares, the entity's holding has increased to 84,48,134 shares, which now constitutes 21.34% of the total voting capital. The total equity share capital of Sicagen India Limited remains unchanged at 3,95,71,684 shares, aggregating to ₹3,95,716,840.

The disclosure was submitted by E N Rangaswami, Director of Twinshield Consultants Private Limited, on June 22, 2026. The filing confirmed that the acquirer belongs to the promoter group category. The total diluted share capital of the target company remains 3,95,71,684 equity shares.

Shareholding Details

The table below outlines the changes in shareholding following the transaction:

The transaction was executed as an off-market purchase by a promoter group company, as indicated in the regulatory filing.