Vaswani Industries Limited shareholders have approved the issuance of equity shares on a preferential basis to the promoter and promoter group through a postal ballot process. The resolution, which required a special majority, received 99.99% of the votes cast in favour, with 18,922,915 valid votes supporting the proposal against 2,431 votes opposing it. The voting process was conducted via remote e-voting from June 9, 2026, to July 8, 2026, under the supervision of scrutinizer M/s Kanungo Agrawal & Company.

Voting Results Overview

The postal ballot sought shareholder consent on two special resolutions. The first resolution addressed the preferential allotment of equity shares, while the second concerned the re-appointment of Mr. Rituraj Peswani (DIN: 00040277) as an Independent Director for a second term of five consecutive years effective from May 19, 2026. Both resolutions were passed with the required majority.

Resolution Breakdown

Procedural Details

The remote e-voting facility was provided by MUFG Intime India Private Limited (Instavote). Shareholders holding shares as of the cut-off date of June 5, 2026, were eligible to participate. The notice for the postal ballot was dispatched on June 8, 2026, and an advertisement was published in the Free Press Journal and Deshbandhu on June 9, 2026. The scrutinizer’s report confirmed that no invalid votes were recorded for either resolution.

Vaswani Industries disclosed that its promoters and promoter group collectively hold 62.06% of the total equity shares as on March 31, 2026. The company submitted the annual declaration under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that no shares were encumbered during the financial year 2025-26.

The disclosure was submitted by Yashwant Ravi Vaswani, a promoter of the company, on behalf of other promoters and Persons Acting in Concert (PACs). The filing confirms that apart from previously disclosed encumbrances, there were no new pledges or charges on the promoter shares during FY26.

The total promoter shareholding stands at 2,04,46,153 equity shares. Ravi Vaswani holds the largest stake among the promoters at 26.94%, followed by Sudha Vaswani at 12.49% and Yashwant Ravi Vaswani at 10.05%. The remaining stake is distributed among Manisha Vaswani, Kushal Vaswani, Ravi Kumar Vaswani, and Satish Kumar Vaswani.

The percentage of shareholding is calculated based on the total paid-up equity share capital of 32,946,153 shares. The company confirmed that none of the promoter shares are currently pledged, indicating a stable ownership structure free of encumbrances at the end of the financial year.

Promoter Shareholding Details