VST Industries Limited has successfully concluded its postal ballot process with shareholders providing overwhelming support for key leadership appointments. The company announced the results on April 3, 2026, following the completion of the e-voting period and scrutinizer's assessment.

Postal Ballot Results and Leadership Appointment

The primary resolution concerned the regularisation of Mr. Piyush Srivastava (DIN: 10775803) as a Director and his appointment as Managing Director & Chief Executive Officer for a five-year term commencing from March 2, 2026. The voting results demonstrated exceptional shareholder confidence in the leadership decision.

The resolution was passed with the requisite majority, with 99.9908% of votes cast in favour of the appointment. Notably, some shareholders exercised partial voting rights, with one shareholder casting votes partly in favour and partly against the resolution.

E-Voting Process and Participation

The electronic voting process was conducted over a month-long period, remaining open from 9.00 A.M. on March 5, 2026 (Thursday) to 5.00 P.M. on April 3, 2026 (Friday). The company facilitated participation through multiple channels to ensure comprehensive shareholder engagement.

Shareholders holding shares in either physical or dematerialized form as on the cut-off date of February 27, 2026, were entitled to participate in the electronic voting process. The company notified 1,45,475 members via email who had registered their email addresses with depositories or the company.

Scrutinizer's Report and Compliance

Mr. B. V. Saravana Kumar, a Practicing Company Secretary from Tumuluru & Company, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors pursuant to Section 110 of the Companies Act, 2013, and relevant rules under the Companies (Management and Administration) Rules, 2014.

The scrutinizer's report confirmed that the resolution was passed with the requisite majority in a fair and transparent manner. The votes were unblocked on April 3, 2026, and detailed results were downloaded from the e-voting platform. The company has submitted the voting results to BSE Limited and National Stock Exchange of India Limited under Regulation 44(3) of SEBI Listing Regulations, with the scrutinizer's report being uploaded on the company's website at www.vsthyd.com .

Corporate Governance and Regulatory Compliance

The postal ballot process was conducted in accordance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained transparency throughout the process, with proper documentation and timely disclosure to stock exchanges.

The appointment of Mr. Piyush Srivastava as Managing Director & CEO for a five-year term represents a significant leadership decision backed by strong shareholder confidence, as evidenced by the near-unanimous approval of 99.9908% of votes cast in favour of the resolution.

VST Industries Limited has formally notified stock exchanges that it does not qualify as a 'Large Corporate' under specific SEBI regulations governing debt securities issuance. The company submitted this confirmation to both BSE and NSE on April 3, 2026, through an official communication signed by its Company Secretary.

Official Communication Details

The company's formal letter addressed to the General Manager of BSE's Department of Corporate Services and the Manager of NSE's Listing Department specifically references SEBI Circular No.SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. VST Industries confirmed that it does not fulfill the criteria specified in Para 2.2 of the mentioned SEBI circular regarding fund raising by issuance of debt securities by large entities.

Document Authentication

The confirmation letter was digitally signed by Phani K. Mangipudi, Company Secretary and Vice President-Legal & Secretarial, on April 3, 2026 at 14:10:12 +05'30'. The official communication was addressed to both major stock exchanges where the company's shares are listed, ensuring comprehensive regulatory compliance.

Regulatory Compliance Framework

The SEBI circular in question establishes specific criteria for fund raising through debt securities by large entities. By confirming its non-compliance with the Large Corporate criteria under Para 2.2, VST Industries is providing transparency regarding its regulatory status. The company has requested both BSE and NSE to take this confirmation on record for their official documentation, demonstrating proactive compliance with regulatory disclosure requirements.