Windsor Machines Limited has successfully obtained shareholder approval for the sale of its industrial property in Ahmedabad through a postal ballot process. The company announced the voting results on March 16, 2026, following the completion of the e-voting period.

Property Sale Approval

Shareholders overwhelmingly approved the special resolution for the sale, transfer, or disposal of the company's immovable properties located at Plots No. 5402-5405, Phase IV, GIDC Vatva, Ahmedabad-382445. The property includes industrial plots along with factory building construction and fixed assets attached to the construction.

Voting Results and Participation

The postal ballot process demonstrated strong shareholder support across all categories. A total of 47 members participated in the voting process, representing 48,072,058 shares out of the total 87,084,521 shares, achieving a participation rate of 55.20%.

E-Voting Process Details

The company conducted the postal ballot exclusively through electronic voting, in compliance with regulatory requirements. The Board of Directors approved the postal ballot proposal on February 07, 2026, with the record date set as February 06, 2026.

The company engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility and appointed Ms. Rama Subramanian, Company Secretary in Practice (ACS-15923 and CP No: 10964), as the scrutinizer to ensure a fair and transparent voting process.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations, 2015. The company sent the postal ballot notice electronically to all eligible shareholders through its registrar and transfer agent, MUFG Intime India Private Limited.

The scrutinizer's report dated March 14, 2026, confirmed that the special resolution was passed with the requisite majority. The voting results and scrutinizer's report have been made available on the company's website at www.windsormachines.com for shareholder reference.

Windsor Machines Limited has submitted a postal ballot notice to stock exchanges seeking shareholder approval for the disposal of its Vatva industrial facility, following the board's earlier decision to divest the property as part of its operational consolidation strategy.

Postal Ballot Submission and Timeline

The company submitted the postal ballot notice on February 11, 2026, to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations. The notice seeks approval for a special resolution to sell, transfer, or dispose of industrial plots located at Plots No. 5402-5405, Phase IV, GIDC Vatva, Ahmedabad-382445.

The company has engaged Central Depository Services Limited (CDSL) to provide remote e-voting facility to members. Results will be declared within two working days of the conclusion of the e-voting period, with the resolution deemed passed on March 13, 2026, if approved by requisite majority.

Strategic Divestment of Vatva Facility

The board had previously approved the proposed sale of the Vatva facility during its February 07, 2026 meeting as part of the Rs. 25.00 crore preferential share allotment transaction. The facility spans approximately 36,775 square meters and includes existing factory building structures with fixed assets.

The divestment aligns with the company's strategy to consolidate operations at its new Rajkot manufacturing facility. The Vatva unit contributed Rs. 140.87 crore in revenue, representing 42.82% of total revenue, and held a net worth of Rs. 135.24 crore during the financial year ended March 31, 2025.

Operational Consolidation Strategy

The disposal of the Vatva property is part of Windsor Machines' broader operational restructuring following the acquisition of a 59.52% stake in Unitech Workholding Systems Private Limited. The company completed a preferential share allotment of 7,37,680 equity shares worth Rs. 24,99,99,752 at Rs. 338.90 per share to facilitate this acquisition.

The board has enhanced the capital expenditure limit for the Rajkot plant from Rs. 165 crore to Rs. 225 crore to accommodate additional land requirements, construction of factory and office buildings, and procurement of machinery for the expanded facility.

Regulatory Compliance and Approvals

The postal ballot process complies with Sections 108 and 110 of the Companies Act, 2013, and follows MCA circulars for electronic voting procedures. The company's registrar and share transfer agent, MUFG Intime India Private Limited, will facilitate the process for eligible shareholders as of the cut-off date.

Proceeds from the Vatva property sale will be utilized for the ongoing setup of the new plant at Chibhda, Rajkot, working capital for expansion, and other general business purposes. The transaction is expected to be completed within six months, subject to regulatory approvals and finalization of definitive agreements.