Synergy Green Industries Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders demonstrating strong support for all proposed resolutions. The voting process, conducted under the supervision of scrutinizer Mr. Devendra V. Deshpande of DVD & Associates, concluded on March 21, 2026, with results formally submitted to stock exchanges on March 22, 2026.

Voting Process Overview

The remote e-voting period remained open from February 20, 2026 (9:00 A.M.) to March 21, 2026 (5:00 P.M.), allowing shareholders to participate in the decision-making process through the NSDL e-voting platform. Out of 15,543,000 total shares, 10,290,387 votes were polled, representing a participation rate of 66.21%.

Board Appointments and Restructuring

Shareholders unanimously approved the appointment of two new independent directors to strengthen the company's governance structure:

Both appointments received complete shareholder support with zero votes against the proposals.

Management Reappointments

The postal ballot also addressed key management positions, with shareholders approving the reappointment of senior executives for three-year terms:

Both reappointments are effective from April 1, 2026, and include reconsideration of their remuneration packages for the three-year period.

Organizational Changes

In a significant organizational restructuring move, shareholders approved Mr. Sohan S. Shirgaokar's designation change from Joint Managing Director to Non-Executive Director through an ordinary resolution. This resolution received unanimous approval with 10,290,387 votes in favor and zero opposition.

Voting Pattern Analysis

The voting results demonstrated strong support across all shareholder categories:

• Promoter and Promoter Group: 9,926,650 votes (91.96% participation)
• Public Institutions: 202,338 votes (85.26% participation)
• Public Non-Institutions: 161,399 votes (3.58% participation)

The scrutinizer's report confirmed that all resolutions achieved the requisite majority required under the Companies Act, 2013, with resolutions 1-4 passing as Special Resolutions and resolution 5 passing as an Ordinary Resolution.

Regulatory Compliance

The postal ballot process was conducted in strict compliance with Section 108 of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has uploaded the complete voting results on its website at www.synergygreenind.com and submitted the scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited.

Solidarity Advisors Private Limited has disclosed a substantial acquisition of shares in Synergy Green Industries Ltd, increasing its shareholding position through systematic open market purchases over a period spanning from January to February 2026.

Acquisition Details

The investment firm acquired a total of 4,17,176 shares representing 2.68% of the company's total shareholding. This strategic acquisition was executed through open market purchases conducted over multiple trading sessions between January 22, 2026, and February 16, 2026.

Shareholding Position Changes

The acquisition has resulted in a significant increase in Solidarity Advisors' ownership stake in Synergy Green Industries. Prior to this acquisition, the firm held 8,09,170 shares representing 5.21% of the company's total shareholding.

Daily Acquisition Breakdown

The share acquisition was conducted systematically across multiple trading sessions, with the largest single-day purchase occurring on February 16, 2026. The daily acquisition pattern shows strategic accumulation with varying volumes based on market conditions.

Key acquisition dates included:

• February 16, 2026: 1,16,466 shares (0.75%)
• February 12, 2026: 80,281 shares (0.52%)
• February 13, 2026: 79,869 shares (0.51%)
• February 11, 2026: 51,894 shares (0.33%)

Company Capital Structure

Synergy Green Industries Ltd maintains a stable capital structure with 1,55,43,000 equity shares of face value INR 10 each, totaling INR 15,54,30,000 in equity share capital. The company's shares are listed on both NSE and BSE exchanges.

Regulatory Compliance

Solidarity Advisors Private Limited operates under SEBI-registered Portfolio Management Services (PMS) license and acts as Investment Manager of Alternative Investment Fund (AIF). The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was submitted within the stipulated timeframe as prescribed under SEBI (SAST) Regulations, 2011.

The firm confirmed that it does not belong to the promoter or promoter group of Synergy Green Industries Ltd and has no encumbrances, voting rights other than shares, or convertible securities in the target company.