Veejay Lakshmi Engineering Works Limited has successfully concluded its postal ballot process, with shareholders approving all four proposed resolutions related to director appointments. The company declared the results on April 10, 2026, following a comprehensive remote e-voting process that demonstrated strong shareholder support.

Postal Ballot Process Overview

The postal ballot was conducted in accordance with Sections 108, 110 and other applicable provisions of the Companies Act, 2013, along with relevant SEBI regulations. The voting process was facilitated through remote electronic voting only, with the postal ballot notice dated March 2, 2026 sent to all eligible shareholders.

Resolution Results

All four resolutions received overwhelming support from shareholders, with identical voting patterns across all items. The voting results demonstrated strong confidence in the proposed director appointments.

Voting Summary for All Resolutions

Director Appointments Approved

The shareholders approved the following director appointments through the postal ballot:

Item 1 - Ordinary Resolution:

• Appointment of Mr. Sargunam Ranganathan (DIN: 05349896) as Non-Independent Director

Item 2 - Special Resolution:

• Appointment of Mr. Sargunam Ranganathan (DIN: 05349896) as Whole-time Director

Item 3 - Special Resolution:

• Appointment of Mr. Sanjay Dharamsi Shah (DIN: 11505021) as Independent Director

Item 4 - Special Resolution:

• Appointment of Ms. Indira Veeraraghavan (DIN: 11504997) as Independent Director

Regulatory Compliance

The postal ballot process was conducted in full compliance with regulatory requirements, including the Companies Act, 2013, SEBI Listing Regulations, and relevant MCA circulars. The scrutinizer's report confirmed that all procedural requirements were met, and the voting process was conducted in a fair and transparent manner.

The company utilized the services of MUFG Intime India Private Limited as the authorized agency for providing remote e-voting facilities. The scrutinizer unblocked the votes on April 9, 2026 at 5:16 PM in the presence of independent witnesses, ensuring the integrity of the voting process.

Veejay Lakshmi Engineering Works announced significant board changes following its meeting held on 2nd March 2026, approving the appointment of three new directors to strengthen its leadership structure. The board meeting, which commenced at 4.00 PM and concluded at 8.00 PM, resulted in key appointments that will shape the company's future direction.

Board Appointments Overview

The board approved three strategic appointments based on recommendations from the Nomination and Remuneration Committee. All appointments are effective from 2nd March 2026 and require shareholder approval through special resolutions.

Director Profiles and Qualifications

Mr. Sargunam Ranganathan, appointed as Whole-time Director, brings extensive expertise in Human Resources and Administration. Despite being 72 years old, his appointment demonstrates the board's confidence in his capabilities. He holds qualifications including B.A., PGDM., and DIL, making him well-suited for the executive role.

Mr. Sanjay Dharamsi Shah joins as an Additional Director in the Non-Executive Independent category. As a Chartered Accountant, he possesses significant expertise in finance, accounts, and taxation, which will strengthen the board's financial oversight capabilities.

Ms. Indira Veeraraghavan also appointed as an Additional Director under the Non-Executive Independent category, is a Chartered Accountant with substantial experience in finance, accounts, and taxation. Her appointment enhances the board's diversity and financial expertise.

Compliance and Governance

All three appointees have been confirmed as not being debarred from holding director positions by SEBI or any other statutory authority. None of the new directors are related to existing directors or Key Managerial Personnel of the company, ensuring independence and good governance practices.

Postal Ballot Process

The board has proposed conducting a postal ballot to obtain shareholder approval for these appointments. Mr. M. D. Selvaraj, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore, has been appointed as the Scrutinizer to ensure a fair and transparent voting process. The postal ballot notice will be submitted to the stock exchange in due course.

Regulatory Compliance

The appointments comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Complete disclosure details have been provided to BSE Limited as required under the regulatory framework.