Swashtik Plascon Ltd declared that all seven resolutions proposed at its 15th Annual General Meeting held on September 23, 2026, were passed with the requisite majority. The company filed the detailed voting results and scrutinizer's report on September 25, 2026.

The meeting took place at the company's registered office in Pudukcherry, Pondicherry. Chairman and Managing Director Parasmal Mahendra Kumar presided over the session, confirming that statutory auditors issued their report for the year ended March 31, 2026, without any qualifications or adverse comments.

Key agenda items approved

Shareholders considered both ordinary and special business items. The ordinary resolutions included the adoption of the annual financial statements and the re-appointment of Parasmal Ravindra Kumar as a director. The special business focused on approving transactions with associated entities within the Swashtik group.

The following related party transactions were placed before members for approval:

Voting and procedural details

The company facilitated remote e-voting through NSDL from September 20 to September 22, 2026. Members who did not vote electronically could cast ballots in person during the meeting. The cutoff date for eligibility was September 16, 2026. Dilip Swarnkar & Associates served as the scrutinizer for the voting process.

Managing Director Mahendrakumar Gautam confirmed that voting results would be announced via stock exchange filings and posted on the company website. The meeting concluded at 3:00 pm following a vote of thanks.

What the Numbers Show

The voting data reveals a clear distinction between non-interested and interested party votes. For the adoption of annual accounts and the re-appointment of Mr. Parasmal Ravindra Kumar, 11,240,996 shares voted in favor, representing 57.74% of total outstanding shares, with zero votes against. This included participation from both promoter group (98.48% of their holding) and public shareholders (19.25% of their holding).

In contrast, for the five related party transaction resolutions where promoters were interested, only 4,744,352 shares (or 3,349,719 for Swashtik Pet Packaging) cast valid votes. This lower turnout reflects the exclusion of interested promoters' votes, which were deemed invalid for these specific items. Despite the reduced voting base, all RPT resolutions passed with 100% of the valid votes polled being in favor.

Swashthik Plascon Limited promoter group acquired 1,52,000 equity shares through open market purchases between September 17 and September 21, 2026. This transaction raises the combined promoter holding to 49.36% of the company's total voting capital.

The acquisition was executed by two primary promoters: Anita A purchased 97,600 shares on September 17, 2026, while Dharmendra Kumar P acquired 54,400 shares on September 21, 2026. The transaction falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Structure Before Acquisition

Prior to these purchases, the promoter group held a significant stake in the company. The following table details the pre-acquisition holdings:

The Persons Acting in Concert (PAC) included Umrao P, Ravindra Kumar P, Parasmal M, Krupa, Nirmala, Mahendra Kumar P, Aasha, and Ayushh.

Post-Acquisition Holdings

Following the open market purchases, the shareholding pattern reflects an increase in direct ownership by the two named acquirers. The PAC holdings remained unchanged during this period.

Transaction Details

The total equity share capital of Swashthik Plascon remains unchanged at 1,94,67,995 equity shares with a face value of ₹10 each. The mode of acquisition for all purchased shares was via the open market on the BSE Limited exchange. No warrants or convertible securities were involved in this specific disclosure.