Standard Shoe Sole & Mould India Ltd shareholders approved all three resolutions put to vote at the company's 50th Annual General Meeting (AGM), held on September 30, 2026. The meeting was conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM). The voting results, disclosed on October 1, 2026, showed overwhelming support for the ordinary and special resolutions proposed by the Board.

The first resolution, an ordinary resolution for the consideration and adoption of the audited financial statements for FY26 along with the Board and Auditors' reports, received 99.99% assent. A total of 1,339,530 votes were cast in favor against just 68 dissenting votes. This reflects strong shareholder alignment with the company's reported performance for the fiscal year ended March 31, 2026.

Director Re-appointment and Borrowing Powers

The second ordinary resolution concerned the re-appointment of Mr. Rakesh Kolla, who retired by rotation. Shareholders voted in favor with 99.99% support, recording 1,339,130 votes for and 168 against. This ensures continuity in the board composition as Mr. Kolla continues his tenure as a director.

The third item of business was a special resolution seeking authority for the Board of Directors to borrow up to ₹2 crore under Section 180(1)(c) of the Companies Act, 2013. This proposal also secured 99.99% approval, with 1,339,430 votes in favor and 168 against. The high level of consensus suggests shareholder comfort with the company's current capital structure needs and borrowing limits.

Voting Participation Details

The meeting saw participation primarily through remote e-voting and electronic voting during the session. No shareholders attended in person or through proxies, while 41 public shareholders participated via video conferencing. Promoter group members did not attend the meeting physically or virtually but cast their votes through remote e-voting.

What the Numbers Show

A distinct pattern emerges when comparing promoter and public voting behavior. Promoters and the promoter group, holding 1,384,407 shares, voted unanimously in favor of all three resolutions, casting 1,316,207 votes each time. In contrast, public non-institutional shareholders, who hold a significantly larger stake of 3,797,093 shares, participated much less actively. Only about 0.6% of their total holding was voted across the resolutions. Despite this low participation rate from the public float, the sheer volume of promoter votes ensured that all resolutions passed with near-unanimous margins, highlighting the dominant influence of the promoter group on corporate governance decisions.

Standard Shoe Sole And Mould (India) Ltd. has claimed an exemption from Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026. The company communicated this to BSE Limited in a filing dated May 30, 2026, citing specific financial thresholds that render the regulation inapplicable.

The company stated that its paid-up equity share capital did not exceed ₹10 crore and its net worth did not exceed ₹25 crore as on the last day of the previous financial year. Based on these figures, the company invoked Regulation 15(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Consequently, Regulation 23(9) of the same regulations shall not be applicable to the company for the period ended March 31, 2026.

The disclosure was submitted by Sandeep Garg, Company Secretary & Compliance Officer, on behalf of the company. The request was made to BSE Limited to take the claim of exemption on record. The filing confirms that the company meets the criteria for exemption based on its financial position as of the end of the previous financial year.

Key Financial Thresholds

The following table outlines the thresholds cited by the company to support its claim for exemption: