Stylam Industries Limited has announced the completion of its postal ballot process and the declaration of results under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the scrutinizer's report to BSE Limited and National Stock Exchange of India Ltd on April 29, 2026, confirming that all five resolutions put to vote were passed with requisite majority through the remote e-voting mechanism.

Voting Process Overview

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013 and the Rules made thereunder. The remote e-voting period remained open from March 30, 2026 (09:00 hours IST) to April 28, 2026 (17:00 hours IST). The record date for determining shareholder eligibility was March 20, 2026, on which date the company had 33,990 shareholders on its records. MUFG Intime India Private Limited was appointed as the agency for providing the e-voting platform.

Resolution Results Summary

The scrutinizer, Sanjiv Kumar Goel, Practicing Company Secretary, reported that all five resolutions received approval from shareholders. The total votes polled across all resolutions stood at 11,437,445, representing 67.49% of outstanding shares. The detailed voting results for each resolution are as follows:

Category-wise Voting Breakdown

The voting participation varied across different shareholder categories. Promoter and Promoter Group, holding 9,169,952 shares, participated fully with 100% voting through e-voting. Public Institutions, holding 2,716,117 shares, polled 2,127,947 votes (78.35% participation). Public Non-Institutions, holding 5,061,991 shares, polled 139,546 votes (2.76% participation). All categories voted predominantly in favour of the resolutions, with Public Institutions showing significant opposition to the appointment of the independent director.

Corporate Governance Compliance

The company ensured compliance with all regulatory requirements throughout the postal ballot process. Newspaper advertisements regarding the Postal Ballot Notice were published in The Financial Express (English) and Jansatta (Hindi) on March 28, 2026. A corrigendum was issued on April 21, 2026, to inform members about a typographical error in the Special Business mentioned at Item No. 2 of the Notice. The votes cast by members were unblocked on April 28, 2026, at 05:04 P.M. in the presence of two witnesses not in the employment of the company.

Stylam Industries Limited has successfully completed its postal ballot process with all five proposed resolutions receiving requisite majority approval from shareholders. The company announced the results on April 29, 2026, following the completion of remote e-voting that concluded on April 28, 2026.

Postal Ballot Overview and Participation

The postal ballot process witnessed significant participation from shareholders across all categories. Company Secretary & Compliance Officer Dhiraj Kheriwal submitted the voting results and scrutinizer's report to BSE and NSE, pursuant to Regulation 44(3) of SEBI LODR regulations.

Resolution Results and Voting Breakdown

All five resolutions presented to shareholders achieved the required majority for approval. The voting results demonstrate strong support from both promoter and public shareholders across different categories.

Director Appointments

Two key director appointments were approved through the postal ballot process:

Management Remuneration and Corporate Changes

Shareholders also approved increases in managerial remuneration for key executives and amendments to the company's Articles of Association.

Scrutinizer Report and Compliance

Practicing Company Secretary Sanjiv Kumar Goel served as the appointed scrutinizer for the postal ballot process. His report confirmed that all resolutions were passed with requisite majority, and the voting process was conducted in accordance with Section 110 of the Companies Act, 2013.

Regulatory Submissions

The company has fulfilled all regulatory requirements by submitting the postal ballot results to both stock exchanges. The voting results were prepared as per the format prescribed by SEBI and included comprehensive breakdowns by shareholder categories including promoter groups, public institutions, and public non-institutions.