Simran Farms Limited has successfully concluded its postal ballot process, with shareholders approving the appointment of Adv. Deepika Sharma (DIN: 11543076) as a Non-Executive Woman Independent Director of the company. The resolution was deemed passed on May 8, 2026, the last day of remote e-voting, following an overwhelming majority vote in favour. The postal ballot notice had been dispatched on April 1, 2026, with the voting window open from April 9, 2026 to May 8, 2026.

Resolution Passed with Overwhelming Majority

The sole resolution put to vote was a Special Resolution for the confirmation of Adv. Deepika Sharma's appointment as a Non-Executive Woman Independent Director. The scrutinizer, L. N. Joshi, Practicing Company Secretary (FCS: 5201; CP: 4216) of L. N. Joshi & Co., confirmed that the resolution was approved with the requisite majority. The e-voting facility was provided by Central Depositories Services (India) Limited (CDSL), with Ankit Consultancy Private Limited serving as the Registrar and Transfer Agent.

Voting Results at a Glance

The following table summarises the overall voting outcome for the Special Resolution:

Category-Wise Voting Breakdown

The detailed category-wise voting results, as reported by the scrutinizer, are presented below:

The Promoter and Promoter Group category cast all 1,038,593 polled votes in favour of the resolution, reflecting 100% support from that segment. Among Public Non-Institutional shareholders, 44,162 votes were cast in favour against 11 votes opposed, translating to 99.9751% support on votes polled.

E-Voting Process and Member Participation

The postal ballot notice, dated March 30, 2026, was sent electronically on April 1, 2026 to 3,493 members whose e-mail addresses were registered with the company, its Registrar and Transfer Agent, or depositories, as on the cut-off date of March 27, 2026. The total number of members on the record date stood at 4,265. Of the notices dispatched, 181 emails were bounced and 2 were rejected due to invalid e-mail addresses. The e-voting platform remained accessible from April 9, 2026 at 09:00 A.M. (IST) through May 8, 2026 at 05:00 P.M. (IST).

Disclosure Note on Voting Results

It is noted that for the purpose of preparation of voting results, the total paid-up equity share capital does not include 10,18,300 equity shares allotted pursuant to conversion of warrants, since trading approval for the said shares is yet to be received from the Stock Exchange. The voting results, along with the scrutinizer's report dated May 8, 2026, have been filed with BSE Limited and uploaded on the company's website at www.simranfarms.com and on the CDSL e-voting platform at www.evotingindia.com . The results have also been submitted in XBRL mode along with PDF mode within the prescribed time limit.

Simran Farms promoters and promoter group have successfully increased their collective shareholding in the company through the conversion of warrants into equity shares. The transaction, completed on March 30, 2026, resulted in the promoter group's stake rising from 37.32% to 42.27%.

Warrant Conversion Details

The Board of Directors of Simran Farms allotted 6,18,300 fully paid-up equity shares of Rs 10 each to the promoter and promoter group upon conversion of an equivalent number of warrants. The conversion was executed following the payment of the remaining consideration amount.

Shareholding Changes

The warrant conversion significantly altered the company's shareholding structure and increased the promoter group's control over the company.

Key Promoter Holdings

Among the promoter group members, several individuals received significant share allotments through the warrant conversion process:

• Harpal Singh Bhatia: Received 1,53,385 shares, increasing holding to 1,75,385 shares (3.65%)
• Dilraj Singh Bhatia: Allocated 78,636 shares, raising stake to 88,236 shares (1.83%)
• Kawaljeet Singh Bhatia: Converted 77,132 warrants, boosting holding to 1,61,532 shares (3.36%)
• Gurmeet Singh Bhatia: Received 60,183 shares, increasing stake to 1,25,283 shares (2.60%)
• Amarjeet Singh Bhatia: Allotted 60,500 shares, raising holding to 68,600 shares (1.43%)

Clarification on Documentation Error

On April 11, 2026, Simran Farms filed a clarification regarding an inadvertent typographical error in the annexure of its March 30, 2026 warrant conversion disclosure. The company corrected the name of investor number 12, clarifying that the correct name is Ashwani Chowdhry, not Harender Singh Bhatia (HUF) as previously mentioned in the annexure.

The company emphasized that this error was limited solely to the name mention and did not affect any other details, including the number of shares allotted, consideration amount, or other information provided in the disclosure.

Regulatory Compliance

Harender Singh Bhatia, acting on behalf of the promoters and promoter group, filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on April 6, 2026. The disclosure was submitted to BSE Limited, where Simran Farms shares are listed.

The conversion process involved the exercise of options by allottees for 10,18,300 warrants in total, with the remaining 75% balance amount deposited in a separate bank account. Following this conversion, no warrants remain outstanding for future conversion, indicating the complete utilization of the preferential issue warrants.