Vivid Mercantile Limited has submitted a regulatory declaration confirming the non-encumbrance of shares held by its promoters during the financial year 2025-26. The filing was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Filing Details

The declaration was filed on April 04, 2026, with BSE Limited by Mr. Satishkumar Ramanlal Gajjar, who serves as the Managing Director and Promoter of the company. The filing was made on behalf of all promoters and persons acting in concert with the promoters.

Declaration Statement

In the formal declaration, Mr. Gajjar confirmed that the promoters and promoter group have not made any encumbrance on the shares of Vivid Mercantile Limited held by them, either directly or indirectly, during the financial year 2025-26. The statement specifically noted that this excludes any encumbrances that may have been previously disclosed.

Company Information

Vivid Mercantile Limited is incorporated under CIN L74110GJ1994PLC021483 with its registered office located at G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road, Ahmedabad - 380009, Gujarat. The company maintains its compliance operations through the designated email complianceviel@gmail.com .

Compliance Significance

This declaration represents a routine compliance requirement under SEBI regulations for listed companies. The filing ensures transparency regarding any potential encumbrances on promoter shareholdings and maintains regulatory compliance for the company's continued listing status on BSE Limited.

Vivid Mercantile Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving a resolution to increase the company's authorised share capital. The resolution was passed with requisite majority as mandated under the Companies Act, 2013, with the company officially announcing the results on March 30, 2026.

Postal Ballot Results and Process

The company conducted the postal ballot through remote e-voting mode, with the notice dated 16th February, 2026. The voting process was managed by scrutinizer Neelam Rathi from Neelam Somani & Associates, a practicing company secretary, who submitted the official scrutinizer report on March 28, 2026.

Share Capital Enhancement Details

The approved ordinary resolution authorises the increase of authorised share capital from ₹10,03,00,000 to ₹15,25,00,000. This enhancement involves creating additional ₹5,22,00,000 equity shares of ₹1 each, providing the board with enhanced flexibility for future capital requirements and business expansion initiatives.

Voting Pattern and Results

The resolution received exceptional shareholder support across all categories. A total of 52065565 votes were polled, representing 51.93% of the total outstanding shares of 100256400.

Category-wise Voting Breakdown

Promoter and Promoter Group:

• Shares held: 11833860
• Votes polled: 11831510 (99.98% of holding)
• Votes in favour: 11831510 (100%)
• Votes against: 0

Public - Non Institutions:

• Shares held: 88422540
• Votes polled: 40234055 (45.50% of holding)
• Votes in favour: 40200703 (99.92%)
• Votes against: 33352 (0.08%)

Regulatory Compliance and Communication

The postal ballot was conducted in accordance with MCA Circulars, with the notice sent electronically to members. The company published newspaper advertisements in Business Standard (English) and Jai Hind (Gujarati) on 25th February, 2026, regarding the dispatch of the postal ballot notice.

The resolution enables consequent alteration to Clause V of the company's Memorandum of Association. The company has informed BSE Limited about the voting results under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Managing Director Satishkumar Ramanlal Gajjar signing the official communication.