Autoriders International Completes Postal Ballot with Unanimous Shareholder Approval

Autoriders International Limited has successfully completed its postal ballot process, with shareholders unanimously approving three critical special resolutions through remote e-voting. The company announced the voting results on December 15, following the conclusion of the e-voting period on December 13.

Approved Resolutions

The postal ballot, conducted entirely through electronic means, addressed three key corporate governance matters that received overwhelming shareholder support:

Resolution	Type	Status
Increase limits under Section 180(1)(a) for asset charge creation	Special Resolution	Passed with requisite majority
Increase overall borrowing limits under Section 180(1)(c)	Special Resolution	Passed with requisite majority
Reappointment of Mr. Chintan Patel as Managing Director & CEO	Special Resolution	Passed with requisite majority

Voting Process and Timeline

The remote e-voting process was conducted by National Securities Depository Limited (NSDL) over a comprehensive period to ensure maximum shareholder participation. The voting commenced on November 14 at 9:00 AM IST and concluded on December 13 at 5:00 PM IST.

KDA Associates, led by scrutinizer Kaushal Dalal (Membership Number: 7141), oversaw the entire voting process. The company had 523 shareholders on the record date of November 7, who were eligible to participate in the postal ballot.

Detailed Voting Results

The voting results demonstrated strong support across shareholder categories with 100.00% approval for all resolutions:

Category	Total Shares Held	Votes Polled	Polling Percentage
Promoter and Promoter Group	362,175	233,775	64.55%
Public-Non Institutions	217,965	423	0.19%
Public Institutions	Not specified	0	0.00%
Total	580,140	234,198	40.37%

All three special resolutions received unanimous support from participating shareholders, with zero votes against any of the proposed measures across all categories.

Leadership Continuity and Corporate Governance

The reappointment of Mr. Chintan Patel as Managing Director and Chief Executive Officer for a five-year term ensures leadership continuity for the company. This resolution received unanimous support from all voting shareholders, reflecting confidence in the current management's strategic direction.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published advertisements in Free Press Journal and Navshakti on November 14, informing members about the postal ballot notice dispatch.

The scrutinizer's report dated December 15 was issued by KDA Associates, confirming that all resolutions were deemed passed on December 13. The voting results and scrutinizer's report are available on the company's website at www.autoriders.in , ensuring transparency and accessibility for all stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-22.61%	-19.11%	+360.99%	+2,159.97%	+13,590.62%

Autoriders International Limited has made a significant move to enhance shareholder value by issuing bonus shares. The company's Board of Directors has approved the allotment of 29,00,700 bonus equity shares in a 5:1 ratio, effectively rewarding its existing shareholders with five new shares for every one share held.

Key Details of the Bonus Issue

Particulars	Details
Bonus Ratio	5:1 (5 new shares for 1 existing share)
Number of Bonus Shares Issued	29,00,700
Face Value of Each Share	Rs. 10
Record Date	As per the Register of Members on the fixed date

Impact on Share Capital

The bonus issue has led to a substantial increase in the company's paid-up equity share capital:

Capital Status	Number of Shares	Face Value (Rs.)	Total Amount (Rs.)
Pre-Bonus	5,80,140	10	58,01,400
Post-Bonus	34,80,840	10	3,48,08,400

This corporate action has resulted in a six-fold increase in the number of outstanding shares, expanding from 5,80,140 to 34,80,840 shares.

Shareholder Benefits and Implications

The newly allotted bonus shares will hold the same rights as the existing equity shares, including:

Pari-passu ranking with existing shares
Eligibility for future dividends
Entitlement to other corporate benefits declared after the allotment

It's important to note that while the number of shares has increased, the proportional ownership of each shareholder remains unchanged. This move is typically seen as a way to improve stock liquidity and make shares more accessible to a broader range of investors.

Regulatory Compliance

Autoriders International Limited has adhered to the necessary regulatory procedures for this corporate action:

Board of Directors' recommendation on September 29, 2025
Shareholder approval via Postal Ballot on November 7, 2025
Final approval by the Board through circulation on November 19, 2025
Disclosure to BSE Limited under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015

The company has duly informed the BSE Limited about this development, ensuring transparency and compliance with stock exchange regulations.

Investors and market participants are advised to take note of this significant change in the company's share structure. While bonus issues do not directly impact a company's fundamental value, they are often viewed positively by the market as a sign of financial health and shareholder-friendly policies.