Take Solutions has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Sunil Patra as Managing Director of the company for a period of five years. The appointment, effective from May 19, 2026, to May 18, 2031, requires member consent pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported a significant financial turnaround in the fiscal year ended March 31, 2026, which serves as a backdrop for this leadership appointment.

The board approved the resolution during its meeting on May 19, 2026, recommending the appointment based on Mr. Patra's experience in operational management and financial coordination. The remuneration proposed is up to ₹5,00,000 per annum on a Cost to Company basis, along with perquisites and commission subject to board approval. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process.

Postal Ballot Schedule

The remote e-voting facility is available to shareholders whose names appear in the Register of Members as of Friday, July 03, 2026. The process commenced on Thursday, July 16, 2026, at 9:00 am and will conclude on Friday, August 14, 2026, at 5:00 pm. M/s. Hemang Satra & Associates, Company Secretaries, has been appointed as the scrutinizer to ensure the integrity of the voting process.

Financial Performance Context

The company's explanatory statement highlights a substantial improvement in financial performance for the year ended March 31, 2026. On a standalone basis, Total Income rose to ₹661.75 Lakhs, and the company reported a Net Profit of ₹271.91 Lakhs, compared to a Net Loss of ₹6,973.56 Lakhs in the previous fiscal year ended March 31, 2025. This turnaround is attributed to strengthened business operations and enhanced governance standards.

Shareholders can cast their votes through the CDSL e-voting system or via physical postal ballot forms. The results of the postal ballot will be declared within two working days from the conclusion of the e-voting period and will be communicated to the stock exchanges.

Take Solutions addressed procedural deficiencies in its audited annual results for the financial year ended March 31, 2026, by resubmitting required documents to the National Stock Exchange of India (NSE) on June 22, 2026. The company clarified that the observations raised by the exchange did not alter the financial figures approved by its Board of Directors on May 20, 2026.

The NSE had flagged two specific issues regarding the submission made under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The first observation noted that the Statement of Impact of Audit Qualifications was not in the prescribed format and lacked signatures from the Chief Financial Officer (CFO) and the Chairman of the Audit Committee. The second observation cited the submission of financial results that were not in a machine-readable or legible format.

In response, the company stated that it had resubmitted the revised Statement on Impact of Audit Qualifications for both standalone and consolidated financials. This document was duly signed by all requisite signatories to ensure compliance with the format prescribed under Regulation 33 and applicable SEBI Circulars. Additionally, the Audited Standalone and Consolidated Financial Results were resubmitted along with accompanying documents in the required machine-readable and legible format.

The company emphasized that these deficiencies were purely procedural in nature. Consequently, there is no change to the financial performance or position reported in the Audited Standalone and Consolidated Financial Results originally approved by the board.

Clarifications Provided to NSE