Batliboi Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for the company's strategic initiatives. The remote e-voting period ended on January 20, 2026, at 5:00 PM IST, with both special business resolutions receiving overwhelming approval from the participating members.

Postal Ballot Process Overview

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014. M/s. D. S. Momaya & Co LLP, Practicing Company Secretaries, served as the scrutinizer for the voting process. The company had issued the postal ballot notice on November 7, 2025, and dispatched it via email to all eligible shareholders on December 17, 2025.

Resolution Results

Both special business resolutions presented to shareholders achieved remarkable approval rates, demonstrating strong confidence in the company's strategic direction.

Resolution 1: Transaction Limit Increase

The first resolution sought approval to increase transaction limits under Section 180(1)(c) of the Companies Act, 2013. This resolution received substantial support from shareholders across all categories.

Resolution 2: Security Creation Authorization

The second resolution concerned the creation of security through charge, mortgage, hypothecation, or pledge of moveable or immovable assets under Section 180(1)(a), aligned with the limits approved under Section 180(1)(c).

Shareholder Participation Analysis

The voting pattern revealed strong participation from the promoter group, which held 34,192,521 shares and achieved a 94.91% voting participation rate. The promoter group unanimously supported both resolutions with 100% approval. Public non-institutional shareholders, holding 12,798,526 shares, showed a 12.43% participation rate, with approximately 89% supporting both resolutions.

Regulatory Compliance

The company has fulfilled its obligations under Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report, dated January 21, 2026, confirmed that both resolutions were passed with the requisite majority. The resolutions are deemed to have been passed on January 20, 2026, being the last date of the remote e-voting period.

The successful completion of this postal ballot process enables Batliboi Limited to proceed with its strategic initiatives related to enhanced transaction capabilities and asset security arrangements, backed by strong shareholder mandate.

Batliboi Limited has issued a postal ballot notice dated November 7, 2025, seeking shareholder approval for two critical special resolutions aimed at enhancing the company's financial flexibility and operational capabilities.

Key Resolutions for Shareholder Approval

The postal ballot encompasses two special resolutions that require shareholder consent:

Enhanced Borrowing Authority

The first resolution seeks to supersede the earlier borrowing limit of ₹150.00 crores approved by shareholders at the 71st Annual General Meeting held on July 29, 2015. The company proposes to increase this limit to ₹250.00 crores to support anticipated business growth and funding requirements. This enhanced borrowing capacity may enable the company to access funds from various sources including banks, financial institutions, mutual funds, insurance companies, and other entities through multiple instruments such as cash credit, loans, debentures, commercial papers, and external commercial borrowings.

Asset Security Framework

The second resolution addresses the creation of security mechanisms to support the enhanced borrowing capacity. Shareholders will vote on authorizing the Board of Directors to create charges, mortgages, hypothecation, or pledges on the company's moveable and immovable assets. This security framework aims to align with the proposed borrowing limits under Section 180(1)(c), potentially providing lenders with adequate collateral for extended credit facilities.

E-Voting Process and Timeline

The company has implemented an e-voting mechanism in compliance with regulatory requirements:

Regulatory Compliance and Process

In accordance with MCA Circulars and SEBI regulations, the postal ballot notice is being distributed electronically to shareholders whose email addresses are registered with the company or depositories. Physical copies of the postal ballot forms will not be sent, emphasizing the digital-first approach mandated by regulatory guidelines. Shareholders holding shares as of the cut-off date of December 12, 2025, are eligible to participate in the e-voting process.

Business Rationale

The explanatory statement accompanying the notice highlights the company's strategic vision for potential business growth and the need for additional funding sources. The current borrowing limit of ₹150.00 crores, established nearly a decade ago, may prove insufficient for the company's evolving business activities and initiatives. The proposed increase to ₹250.00 crores represents a 66.67% enhancement in borrowing capacity, potentially providing greater financial flexibility for operational expansion and strategic investments.

If passed by the requisite majority, the resolutions will be deemed effective from January 20, 2026, being the last date specified for e-voting. Results will be made available on the company's website and CDSL's e-voting platform following the scrutinizer's report submission.