Shareholders of Vellora Impact Limited have rejected both resolutions proposed in its recent postal ballot, including a special resolution to rescind a previous capital increase.

The company, formerly known as Pratiksha Chemicals Limited, disclosed the voting results on September 5, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process concluded on September 4, 2026.

Voting Outcome

Two resolutions were put before the members for approval via remote e-voting. Neither resolution secured the requisite majority to pass.

Resolution 1: Rescinding Previous Capital Increase

This special resolution sought to rescind an ordinary resolution passed at the Extra Ordinary General Meeting held on February 20, 2026, which had increased the authorised share capital and altered Clause V of the Memorandum of Association.

Only public non-institutional shareholders cast votes for this resolution. Promoters and institutional investors did not participate in the voting process.

Resolution 2: Increase in Authorised Share Capital

The second resolution was an ordinary resolution proposing an increase in authorised share capital and a consequent amendment to Clause V of the Memorandum of Association.

Similar to the first resolution, voting participation was limited to public non-institutional shareholders. The promoter group, holding 17,4029 shares as on the record date, abstained from voting on both agendas.

Scrutinizer Report

A. Shubhangi & Associates, Practising Company Secretaries, served as the scrutinizer for the postal ballot. The firm confirmed that the remote e-voting facility was provided by NSDL and remained open from August 6, 2026, at 9:00 am until September 4, 2026, at 5:00 pm.

The scrutinizer’s report noted that no invalid votes were recorded across any shareholder category. The total number of shareholders on the record date of July 31, 2026, stood at 6,925.

What the Numbers Show

The rejection of both resolutions highlights a significant divergence between promoter interest and public shareholder sentiment. While the promoter group held approximately 31% of the outstanding shares (17,4029 out of 55,70340 total shares), their complete absence from the voting process left the outcome entirely dependent on retail and non-institutional investors. With only 2.18% of outstanding shares polled, the low participation rate suggests limited engagement among the broader shareholder base regarding these structural capital changes.

Vellora Impact Limited (formerly Pratiksha Chemicals Limited) has published the newspaper notice for its 35th Annual General Meeting (AGM), scheduled for September 18, 2026. The advertisement appeared in the Financial Express on August 29, 2026.

The Board of Directors approved the agenda during a meeting held on August 26, 2026. Sumit Harjibhai Gol, Managing Director, signed the communication confirming the schedule and approvals.

Meeting Details

The AGM will take place at the company's registered office in Ahmedabad, Gujarat, starting at 12:00 pm. Shareholders can participate through remote e-voting or by ballot paper at the venue. The notice was sent to members through permitted modes on August 26, 2026, and is available on the BSE and NSDL websites.

Voting Details

The company is providing a remote e-voting facility in compliance with Section 108 of the Companies Act, Rule 20 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard on General Meetings (SS-2), and Regulation 44 of the SEBI (LODR) Regulations, 2015.

Only members holding shares in dematerialized form as on the record date are eligible to vote. The e-voting window remains open for three days prior to the physical meeting.

Board Approvals and Agenda

During the board meeting, which commenced at 3:00 pm and concluded at 4:00 pm on August 26, 2026, the directors transacted several key items. The primary approval was the Draft Directors' Report for the financial year ended March 31, 2026.

The AGM agenda includes ordinary business items such as adopting financial statements for FY26 and appointing M/s. Kapil Kumar Agarwal & Associates Chartered Accountants as statutory auditors for five years.

Special business items involve the regularization of Mr. Shivrajsinh Haishchandrasinh Chudasama as an Independent Director and Mrs. Priya Nitinkumar Tomar as a Director liable to retire by rotation. Both were appointed as Additional Directors in May 2026.