Zenith Exports Limited has disclosed the detailed voting results for its 44th Annual General Meeting (AGM), held on September 24, 2026. The company confirmed that all three resolutions set out in the notice were duly passed with the requisite majority through remote e-voting and e-voting during the meeting.

The meeting was conducted through Video Conferencing (VC) and/or Other Audio Visual Means (OAVM) starting at 11:30 am. This virtual format ensured compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI), alongside applicable provisions of the Companies Act, 2013. The results were filed under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Outcome on Key Resolutions

The scrutinizer's report indicates strong support for all agenda items. The adoption of financial statements and the re-appointment of Mrs. Urmila Loyalka received identical vote counts. The increase in managerial remuneration for Mr. Varun Loyalka saw a marginal variation in the 'against' votes from public non-institutional shareholders.

Shareholder Participation Breakdown

The voting data reveals that promoter and promoter group shareholders cast votes for all shares they held, while institutional participation was negligible. Public non-institutional shareholders participated through e-voting, accounting for approximately 31% of their outstanding shareholding in the polls.

Board and Key Managerial Personnel Attendance

Mr. Varun Loyalka, Managing Director, chaired the meeting after ascertaining the quorum. The following directors and key managerial personnel were present:

Audit and Compliance Presence

The presence of Mr. Vinod Kumar Goyal, authorized representative of statutory auditors M/s. V. Goyal & Associates, Chartered Accountants, was taken on record. Additionally, Mr. Vivek Mishra, who served as the Secretarial Auditor and Scrutinizer for the meeting, was also present. The AGM proceedings commenced at 11:30 am and concluded at approximately 12:10 pm.

Zenith Exports promoter Ruchi Ajitsaria acquired 4,000 shares from Rajkumar Loyalka HUF following the dissolution of the Hindu Undivided Family. The transaction was executed without consideration and reported under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition represents a transfer of 0.0741% of the company’s total share capital. As an inter-se transfer within the promoter group, the acquirer is exempted from making an open offer under Clause (ii) of Regulation 10(1)(a).

Shareholding Changes

The transfer adjusts the shareholding pattern for both parties. Ruchi Ajitsaria’s holding increased from 2,65,000 shares (4.910%) to 2,69,000 shares (4.984%). Conversely, Rajkumar Loyalka HUF’s stake dropped from 4,000 shares (0.741%) to nil.

The acquirer’s Persons Acting in Concert (PACs) include Mr. Harsh Ajitsaria, who holds 2,65,000 shares, and Yash Ajitsaria, who holds 70,000 shares. These holdings remain separate from the direct acquisition by Ruchi Ajitsaria.

Regulatory Compliance

The disclosure confirms that both the transferor and transferee have complied with applicable requirements under Chapter V of the Takeover Regulations, 2011. The acquirer declared that all conditions specified under Regulation 10(1)(a) regarding exemptions were duly met. The notice was filed on September 17, 2026.