Sumit Woods Limited has successfully concluded its postal ballot process, with members approving the regularisation of Mrs. Kavita Bhushan Nemlekar (DIN: 02067121) as Non-Executive Non-Independent Director of the Company. The resolution was deemed passed on the last date of voting, Friday, May 08, 2026, following the submission of the scrutinizer's report on May 09, 2026.

Postal Ballot Resolution Details

The postal ballot was initiated pursuant to a notice dated April 08, 2026, seeking member approval for the following resolution:

The e-voting facility was provided by National Securities Depository Limited (NSDL), and the NSDL e-voting portal was closed in the presence of Mr. Abhay Chaurasia and Ms. Shraddha More, who are not in employment of the Company.

E-Voting Results

The scrutinizer, Mr. Vijay Yadav (FCS - 11990), Partner of M/s. AVS & Associates, Company Secretaries, conducted the scrutiny in a fair and transparent manner. The detailed voting results for Item No. 1 are presented below:

Note: Number of votes polled does not include invalid votes. Invalid Votes: 0.00

Scrutinizer and Compliance Details

The scrutinizer's report was submitted in accordance with Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The process also complied with applicable MCA Circulars, including General Circular No. 09/2024 dated September 19, 2024, and SEBI Circular No. SEBI/HO/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The voting results and scrutinizer's report have been submitted to the National Stock Exchange of India Limited under Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The register and list of equity shareholders who voted "FOR", "AGAINST", and those whose votes were declared invalid, along with all relevant records, have been handed over to the Company Secretary for safekeeping. The disclosure was signed by Rekha Bagda, Company Secretary and Compliance Officer of Sumit Woods Limited.

Sumit Woods Limited has issued a postal ballot notice dated May 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder consent for a special resolution concerning the continuation of its Managing Director. The notice has been dispatched electronically to all eligible shareholders, with the cut-off date for determining voting eligibility set at Friday, May 01, 2026.

Key Resolution Under Consideration

The sole item placed before shareholders pertains to the continuation of Mr. Mitaram Jangid (DIN: 00043757) as Managing Director of the company after he attains the age of 70 years on June 18, 2026. Under Section 196(3) of the Companies Act, 2013, a person who has attained the age of 70 years may be appointed or continue as Managing Director only upon passing of a special resolution by members. Mr. Jangid's re-appointment as Managing Director was previously approved by members for the period from May 26, 2023 to May 25, 2028, by way of a special resolution passed at the meeting held on June 22, 2023. If the current resolution is approved, all other terms and conditions of his re-appointment, including remuneration, shall remain unchanged and continue in full force and effect.

Profile and Background of Mr. Mitaram Jangid

The following table summarises the key details of Mr. Mitaram Jangid as disclosed in the postal ballot notice:

Mr. Jangid co-founded the company in 1987 alongside Mr. Subodh Nemlekar and has been on the board since incorporation. He has over 40 years of experience in the construction industry and heads the Design Development activity of the company, overseeing the overall progress of all projects. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved and recommended the continuation of his office as Managing Director for the remaining tenure.

E-Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) as the e-voting service provider. The complete schedule of events for the postal ballot and e-voting process is as follows:

Voting rights shall be reckoned on the paid-up value of shares registered in the name of the member as on the cut-off date of Friday, May 01, 2026. Members holding shares in physical or dematerialised form as on the cut-off date are eligible to participate. The postal ballot notice is available on the company's website at www.sumitwoods.com and on NSDL's e-voting website at www.evoting.nsdl.com .

Scrutinizer and Result Declaration

The Board of Directors has appointed Mr. Vijay Yadav, Partner, M/s. AVS & Associates, Practising Company Secretary, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer will submit the results to the Chairman or any authorised person of the company after completion of scrutiny. The results of the postal ballot, along with the Scrutinizer's Report, will be announced on or before Wednesday, June 10, 2026, and will be displayed on the company's website as well as communicated to the stock exchanges where the company's shares are listed. If approved by the requisite majority, the resolution shall be deemed to have been passed on Monday, June 08, 2026, the last date of voting.