Take Solutions Ltd shareholders have approved a proposal to change the company's name and alter its constitutional documents through a postal ballot process concluded on June 16, 2026. The resolutions, which also included the appointment of a new statutory auditor, were passed with the requisite majority during the remote e-voting period held between May 18 and June 16, 2026. The outcome authorizes the company to proceed with the rebranding and update its Memorandum of Association (MOA) and Articles of Association (AOA).

The postal ballot notice, dated May 13, 2026, sought shareholder consent on four key resolutions. The scrutinizer's report, issued by M/s. Hemang Satra & Associates, confirmed that the votes were cast electronically via the Central Depository Services Limited (CDSL) platform. No physical postal ballot forms were received by the scrutinizer by the deadline of June 16, 2026.

Voting Results Summary

The voting results indicated strong support from the public non-institutional shareholders, who participated actively in the e-voting process. Promoters and public institutions did not cast any votes. The table below details the voting figures for the key resolutions:

Key Resolutions Passed

Change of Name and Constitutional Amendments

Shareholders approved the special resolution to change the name of take solutions and make consequent alterations to the MOA and AOA. This resolution received 24,516,599 votes in favour and 1,806 votes against. Additionally, a separate special resolution was passed to adopt a new set of MOA aligned with the Companies Act, 2013, and to merge Clause III(C) into Clause III(B).

Appointment of Statutory Auditors

An ordinary resolution was passed appointing Mrs. A. Rajravendehra Rau & Associates, Chartered Accountants, as statutory auditors to fill the casual vacancy caused by the resignation of Mrs. Venkat and Rangaa LLP. The firm received 24,516,658 votes in favour against 1,747 votes against. The appointment is effective immediately subject to regulatory approvals.

Alteration of Object Clause

The fourth special resolution sought to alter the object clause of the MOA by inserting new object clauses. This resolution was approved with 24,514,510 votes in favour and 3,895 votes against, marking the highest number of dissenting votes among the four proposals.

The scrutinizer certified that the resolutions were passed with the requisite consent of the members. The results have been uploaded to the company's website and the CDSL portal.

Take Solutions Limited has appointed M/s. Hemang Satra & Associates as its new Secretarial Auditor for a term of five consecutive financial years, effective from FY 2025-26 to FY 2029-30, subject to shareholder approval. The decision was taken by the Board of Directors during a meeting held on May 30, 2026, based on the recommendation of the Audit Committee.

The appointment follows the resignation of the previous auditor, Mr. Ashok Ajay Kumar Bantia. In his resignation letter dated May 29, 2026, Mr. Bantia stated that recent management changes and the financial position of the company were the reasons for his departure. He confirmed there were no other material reasons for his resignation aside from those stated.

M/s. Hemang Satra & Associates is a peer-reviewed firm of Practicing Company Secretaries based in Mumbai. The firm specializes in corporate secretarial compliances, secretarial audits, SEBI compliances, corporate governance, and legal due diligence. The firm's proprietor, Mr. Hemang Satra, is not debarred from holding office by any order from SEBI or other authorities.

The Board meeting, which commenced at 03:30 PM and concluded at 04:30 PM on May 30, 2026, also reviewed the regulatory disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Changes in Secretarial Audit

The new auditor's appointment is contingent upon approval by the shareholders of the company.