Zenith Exports Limited has successfully concluded its postal ballot process, with shareholders approving the appointment of two Non-Executive Independent Directors through special resolutions. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the voting results along with the Consolidated Scrutinizer's Report to the stock exchanges on May 19, 2026. The remote e-voting process was conducted exclusively via the National Securities Depository Limited (NSDL) platform and concluded on Sunday, May 17, 2026, at 5:00 P.M. (IST). The Scrutinizer's Report was prepared by Vivek Mishra (FCS No. 8540 & CP 17218), Partner of M/s. M & A Associates, Practicing Company Secretaries, Kolkata, and countersigned by Anita Kumari Gupta, Company Secretary of Zenith Exports Limited.

Postal Ballot Process and Timeline

The Postal Ballot Notice, dated April 8, 2026, was dispatched electronically to all registered shareholders on Thursday, April 16, 2026. The remote e-voting window opened on Saturday, April 18, 2026, at 9:00 A.M. (IST) and remained open through Sunday, May 17, 2026, at 5:00 P.M. (IST). Shareholders holding shares as on the cut-off date of Friday, April 10, 2026, were eligible to participate in the voting process. The Postal Ballot Notice was simultaneously submitted to the National Stock Exchange of India Ltd. and BSE Ltd., and posted on the company's website.

Director Appointments and Tenure

The Board, at its meeting held on April 08, 2026, approved both appointments based on the recommendation of the Nomination and Remuneration Committee. The key details of each appointment are as follows:

Mrs. Priyanka Poddar is a qualified company secretary and board director with experience in leading organizations, with strong knowledge of governing bylaws and company procedures. Mrs. Rasna Goyal has been associated with multiple groups including Shree Gopal Group, NSI India Ltd. Group, Future Consumer Group, and others, and handles secretarial, company law, and related matters for 50+ companies. Both directors are not related to any of the Promoters, Members of the Promoter Group, or Directors of the Company, and neither is debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Resolutions Passed with Overwhelming Majority

Both special resolutions — for the appointment of Mrs. Priyanka Poddar (DIN: 10481007) and Mrs. Rasna Goyal (DIN: 03383291) as Independent Directors — were passed with the requisite votes. The consolidated voting results for both resolutions were identical, as summarised below:

Category-wise Voting Breakdown

The voting participation across shareholder categories was consistent for both resolutions. The detailed breakdown is presented below:

The Promoter and Promoter Group cast 100.0000% of their eligible votes in favour of both resolutions, while the Public Non Institutions category recorded a participation rate of 31.2337% of their outstanding shares, with 99.9976% of polled votes in favour. No votes were cast by Public Institutions for either resolution.

Scrutinizer's Findings

The votes cast through remote e-voting were unblocked in the presence of two witnesses — Ms. Sweta Seth and Ms. Reshma Shaw, both of Kolkata — who are not in the employment of the company. The Scrutinizer confirmed that the voting process was conducted in a fair and transparent manner. The report was signed on May 18, 2026, in Kolkata. Based on the results, the Scrutinizer confirmed that both Item No. 1 and Item No. 2 of the Postal Ballot Notice were passed with the requisite votes, completing the regulatory disclosure requirements under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Zenith exports Limited has responded to BSE's surveillance inquiry regarding recent significant price movement in its securities, clarifying that no material events or undisclosed information are driving the stock's performance. The company issued the clarification on April 17, 2026, following BSE's inquiry dated April 16, 2024.

Regulatory Compliance Confirmation

The company confirmed full compliance with disclosure requirements under SEBI regulations. Key aspects of the clarification include:

Company's Position on Price Movement

Zenith Exports Limited emphasized that the recent price movement is entirely market-driven, with no underlying corporate developments or operational changes contributing to the volatility. The company stated there are no events or information that have a bearing on the operation or performance of the company which require disclosure to stock exchanges.

Ongoing Compliance Commitment

The company reaffirmed its commitment to regulatory transparency and timely disclosure practices. Management assured continued compliance with SEBI LODR Regulations 2015, specifically:

• Timely intimation of all material information to stock exchanges
• Disclosure of price sensitive information as required under Regulation 30
• Maintenance of transparent communication with regulatory authorities

Corporate Communication

The clarification was signed by Company Secretary and Compliance Officer Anita Kumari Gupta, who holds FCS certification number 11369. The response demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining investor confidence through transparent communication regarding stock price movements.