Williamson Magor & Company Limited has announced the successful completion of its postal ballot process, with shareholders approving both proposed resolutions with overwhelming majority support. The company informed stock exchanges on April 13, 2026, about the outcome of the e-voting process that concluded on April 10, 2026.

Postal Ballot Process Details

The e-voting period commenced on March 12, 2026 at 09:00 a.m. and concluded on April 10, 2026 at 05:00 p.m. The Board of Directors appointed Mrs. Vidhya Baid, a Practising Company Secretary with membership number FCS 8882, as the scrutinizer for conducting the postal ballot process.

Director Appointment Resolutions

Shareholders approved two ordinary resolutions for director appointments. The first resolution concerned the appointment of Mr. Dillip Kumar Parida (DIN: 11181828) as a Director of the Company. The second resolution involved the appointment of Mr. Javed Hossain (DIN: 11061836) as a Director of the Company.

Voting Results Summary

Both resolutions received strong support from shareholders across all categories. The promoter and promoter group demonstrated significant participation with 99.78% of their shares being voted through e-voting.

Resolution 1 - Mr. Dillip Kumar Parida Appointment

Resolution 2 - Mr. Javed Hossain Appointment

Scrutinizer's Report

Mrs. Vidhya Baid submitted her scrutinizer's report confirming that both proposed resolutions were passed with requisite majority. The e-voting platform was provided by National Securities Depository Limited (NSDL). The votes were unblocked on April 10, 2026 at around 5:25 p.m. in the presence of two witnesses: Mr. Mohit Baid and Mr. Anil Prasad.

No invalid votes were recorded across any category for either resolution. The company confirmed that the approval is deemed to have been received on the last date of voting, April 10, 2026. The scrutinizer's report was issued on April 13, 2026, pursuant to Section 108 of the Companies Act, 2013.

Williamson Magor & Co. Limited has announced the withdrawal of an insolvency application filed against the company under section 7 of the Insolvency and Bankruptcy Code, 2016. The development follows a settlement reached between the parties involved in the dispute.

Settlement Details

The company informed stock exchanges that on March 10, 2026, both parties jointly submitted before the National Company Law Tribunal (NCLT), Kolkata Bench that the matter had been settled fully and finally. Following this joint submission, the NCLT dismissed the application as withdrawn.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed all relevant stock exchanges including BSE Ltd., National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Ltd.

Documentation

Williamson Magor stated that a copy of the NCLT order will be disclosed upon receipt. The company secretary, Sk Javed Akhtar, signed the regulatory filing on March 11, 2026.

The resolution of this insolvency application removes a potential legal overhang for the tea company, which operates under the corporate identity number L01132WB1949PLC017715 with its registered office located at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata.