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.

Telge Projects Limited has informed stock exchanges that its subsidiary company has signed an agreement to acquire a US-based architecture firm, marking a strategic expansion into specialized architectural services.

Acquisition Details

Telge Projects Inc., a subsidiary of Telge Projects Limited, entered into a Share Purchase Agreement on March 03, 2026 to acquire 100% stake in Edward Farr Architects, Inc. The transaction details are structured as follows:

Company Background and Financial Performance

Edward Farr Architects, Inc. was incorporated on July 15, 1991, with Corporate Charter Number 7C-459. The company has its registered office at 7710 Golden Triangle Drive, Eden Prairie Minnesota 55346-4148. EFA Inc. operates with a common stock structure of USD 150.00 shares at par value of USD 0.01 per share.

The company's financial performance over the last three years demonstrates growth trajectory:

Business Focus and Structure

Edward Farr Architects, Inc. operates in the specialized architecture and planning services sector in the USA. Following the completion of this acquisition, Edward Farr Architects will become a wholly owned subsidiary of Telge Projects Inc., making it a step-down subsidiary of the listed entity Telge Projects Limited.

The company emphasized that Telge Projects Limited itself is not a party to the Share Purchase Agreement. The agreement was received by the company on March 04, 2026, and the completion remains subject to satisfaction of certain conditions precedent as specified in the agreement.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory aspects include:

• The transaction does not fall within related party transactions
• No governmental or regulatory approvals are required for the investment
• No shares are being allotted to the listed entity directly
• The acquisition will not impact the management or control of the listed entity
• No restrictions or liabilities are imposed upon the listed entity

Strategic Implications

This acquisition represents Telge Projects' expansion strategy into the US market through its subsidiary operations. The move allows the company to establish a presence in specialized architecture and planning services, potentially creating synergies with its existing project portfolio and capabilities in the construction and infrastructure sector. The acquired entity will carry on the business of providing specialized architecture and planning services in USA.