Softrak Venture Investment Limited shareholders approved a special resolution to enable the monetization, sale, and disposal of the company's non-operational barren land asset in Gujarat. The resolution secured 99.99% of the total valid votes cast during the remedial e-voting process.

The vote pertained to Item No. 5 of the Addendum to the Notice of the 33rd Annual General Meeting (AGM). The company submitted the voting results and scrutinizer's report to BSE Limited on October 12, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remedial Voting Process

Due to technical setup delays at the Depository's end, the original electronic voting dashboard for this specific item could not be activated during the initial timeline. Consequently, the Board of Directors approved a fresh exclusive remote e-voting window from October 7, 2026, at 9:00 am to October 9, 2026, at 5:00 pm. The voting rights were proportional to the paid-up value of equity shares held by members as on the cut-off date of September 18, 2026.

Voting Results Breakdown

The resolution required a special majority under Section 180(1)(a) of the Companies Act, 2013. The results indicate overwhelming support from public shareholders, with no votes cast by promoters or institutions in either direction.

What the Numbers Show

The data reveals a complete absence of promoter participation in the voting process for this specific asset disposal, with zero shares voted by the Promoter and Promoter Group category. The entire voting weight was carried by Public-Non Institutional shareholders, who held 450,779,000 shares but cast votes for only 151,007,916 shares, representing a 33.50% turnout on outstanding shares. Despite the low overall participation rate relative to total shareholding, the consensus among those who voted was near-unanimous, with only 1,635 votes against the proposal.

Softrak Venture Investment Limited has approved a fresh three-day remote e-voting window for shareholders to vote on the special resolution regarding the disposal of its non-operational barren land in Gujarat. The new voting period runs from October 7, 2026, to October 9, 2026, ensuring shareholders can exercise their rights after technical delays prevented earlier participation.

Background of the Voting Delay

The company had previously dispatched an addendum to the notice for its 33rd Annual General Meeting on September 18, 2026. This addendum introduced Item No. 5, which sought enabling authorization to dispose of the company's non-operational barren land asset in Gujarat under Section 180(1)(a) of the Companies Act, 2013.

However, the electronic voting dashboard for this specific item could not be activated during the original remote e-voting period of September 22 to September 24, 2026. The company attributed this failure to unforeseen technical system integration and setup delays at the end of the Depository, National Securities Depository Limited (NSDL), and the Registrar and Share Transfer Agent (RTA). Consequently, shareholders were deprived of the opportunity to cast votes on this resolution prior to the AGM.

Revised E-Voting Timelines

To uphold corporate governance standards and comply with Section 108 of the Companies Act, 2013, the Board resolved to provide an exclusive e-voting window for Item No. 5. The revised operational timelines are as follows:

Voting rights will remain proportional to the paid-up value of equity shares held by members as on the original cut-off date of September 18, 2026. The scrutinizer previously appointed for the 33rd AGM will independently monitor this process and submit a supplementary report to be integrated with the final corporate voting results.