Telge Projects Limited has informed stock exchanges about the domestication and name change of its material subsidiary in the United States. The subsidiary has relocated its jurisdiction of incorporation from Virginia to Texas while maintaining its existing business operations and structure.

Corporate Restructuring Details

The material subsidiary has undergone a comprehensive transformation involving both jurisdictional change and rebranding:

Regulatory Compliance

Telge Projects Limited has confirmed that all necessary regulatory approvals have been obtained for this corporate restructuring. The company secured approvals from relevant authorities in both the State of Virginia and the State of Texas to facilitate the smooth transition of its subsidiary's jurisdiction.

The domestication process represents a legal mechanism that allows corporations to change their state or jurisdiction of incorporation while preserving their existing business entity, operational structure, and credit profile. This strategic move enables companies to optimize their corporate structure without disrupting ongoing business operations.

Corporate Governance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Barkha Bharuka signed the official communication to BSE Limited, ensuring proper disclosure of this material corporate development.

This restructuring reflects the company's strategic approach to optimizing its subsidiary operations within the United States market while maintaining regulatory compliance across multiple jurisdictions.

Telge Projects Limited officially declared the results of its postal ballot process on March 23, 2026, following regulatory compliance under Regulation 44 of SEBI Listing Regulations. The company communicated the unanimous approval of three special resolutions to BSE Limited, confirming strong shareholder support across all proposed initiatives.

Regulatory Filing and Compliance

Company Secretary Barkha Bharuka submitted the official declaration to BSE Limited, confirming that all resolutions were deemed passed on March 21, 2026, the last date for remote e-voting. The filing included comprehensive voting results and the scrutinizer's report as mandated under Regulation 44(3) of SEBI Listing Regulations.

Unanimous Shareholder Approval

All three special resolutions received complete unanimous support with 7605219 votes cast in favor and zero votes against any resolution. The voting represented 77.68% participation of the company's total outstanding shares of 9790148, demonstrating strong shareholder engagement.

Key Approved Resolutions

Employee Stock Option Plan 2026: Shareholders approved the establishment of Telge Projects Limited Employee Stock Option Plan 2026 (TPL-ESOP 2026), designed to enhance employee retention and motivation through equity participation.

ESOP Extension to Subsidiaries: The second resolution approved extending ESOP benefits to employees of existing or future subsidiary and associate companies, both in India and internationally, significantly broadening the plan's scope.

IPO Proceeds Deviation: Shareholders unanimously approved the deviation in utilization of funds raised through IPO proceeds, providing management with enhanced flexibility in capital deployment strategies.

Detailed Voting Breakdown

The e-voting process demonstrated exceptional participation across all shareholder categories, with promoters showing nearly complete engagement.

Scrutinizer Certification and Process

CS Neeraj Parwani from KPN & Associates served as the appointed scrutinizer, ensuring compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The scrutinizer confirmed the fair and transparent conduct of the entire e-voting process.

The e-voting period commenced on February 20, 2026, at 09:00 a.m. IST and concluded on March 21, 2026, at 05:00 p.m. IST. Bigshare Services Private Limited served as the electronic voting service provider, facilitating seamless shareholder participation.

Transparency and Accessibility

The voting results have been made available on multiple platforms ensuring complete transparency. Shareholders can access detailed information on the company's website at telgeprojects.com and the registrar's portal at ivote.bigshareonline.com, maintaining full regulatory compliance and stakeholder accessibility.