3P Land Holdings Limited has successfully concluded its postal ballot process, with shareholders approving a material related party transaction through remote e-voting. The company submitted the voting results to stock exchanges on 30th January 2026, demonstrating strong shareholder support for the proposed resolution.

Resolution Details

The postal ballot addressed a single ordinary resolution seeking approval for a material related party transaction. The resolution specifically covered the renewal of lease and license agreement for land measuring approximately 4.63 acres, including structures situated at Thergaon, Pune-411033, with Pudumjee Paper Products Limited. The renewed agreement will be effective for a period of 5 years from 1st February 2026 to 31st January 2031.

Voting Process and Timeline

The postal ballot process was conducted exclusively through remote e-voting, managed by National Securities Depository Limited (NSDL). The voting period commenced on 1st January 2026 at 9:00 AM IST and concluded on 30th January 2026 at 5:00 PM IST.

CS Pankaj Bhanudas Yeole (Membership No. ACS 50196 & Certificate of Practice No. 19127) of PBY & Associates served as the scrutinizer for the postal ballot process, appointed by the board on 25th October 2025. The postal ballot notice was published in "The Financial Express" (English) and "Loksatta" (Marathi) newspapers on 1st January 2026.

Voting Results and Participation

The postal ballot witnessed overwhelming support from shareholders, with detailed voting results demonstrating strong approval for the resolution.

Regulatory Compliance

The postal ballot process was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Rules 20 & 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company maintained transparency by making voting results available on its website at www.3pland.com and NSDL's e-voting platform. The record date for determining eligible shareholders was set as 26th December 2025. The postal ballot notice was sent on 31st December 2025, with a corrigendum issued on 20th January 2026.

Conclusion

With the overwhelming approval of 99.99% votes in favor, the ordinary resolution has been deemed passed with requisite majority. The resolution became effective on 30th January 2026, the last date specified for e-voting. This approval enables the company to proceed with the renewal of its lease and license agreement with Pudumjee Paper Products Limited for the specified land and structures at Thergaon, Pune, ensuring continued operational arrangements for the next five years.

3P Land Holdings Limited has issued a corrigendum to its postal ballot notice dated October 25, 2025, providing additional disclosures required under SEBI regulations for a material related party transaction. The corrigendum was communicated to stock exchanges BSE Limited and National Stock Exchange of India Limited on January 20, 2026.

Regulatory Compliance and Background

The corrigendum addresses additional disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pursuant to Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/93 issued by the Securities and Exchange Board of India on June 26, 2025. The disclosure relates to the material related party transaction proposed in Item No. 1 of the original postal ballot notice.

E-Voting Timeline and Process

The company has established a comprehensive timeline for the remote e-voting process to seek members' approval for the material related party transaction. The voting process is conducted in accordance with Section 108 read with Section 110 and other applicable provisions of the Companies Act, 2013.

Audit Committee Review and Certification

The Audit Committee has reviewed the certificate furnished by the Whole-Time Director and Chief Financial Officer of the company, as required under the RPT Industry Standards issued by SEBI. The certificate states that the proposed material related party transaction is in the interest of the company and provides justification for the transaction, basis for determination of pricing, and material terms and conditions.

Distribution and Accessibility

The corrigendum is being distributed exclusively through electronic mode to members whose email addresses are registered with the company or depository participants as on the cut-off date of December 26, 2025. The document is also available on the company's website at www.3pland.com for stakeholder access.

Corporate Structure and Contact Information

The company maintains its registered office at Thergaon, Chinchwad, Pune-411033, and corporate office at Jatia Chambers, Mumbai-400001. J.W. Patil, Company Secretary and Compliance Officer (ICSI Membership No. A9586), has signed the corrigendum on behalf of the company. The corrigendum forms an integral part of the original postal ballot notice and must be read in conjunction with it.