eYantra Ventures Limited has successfully concluded its postal ballot process, receiving unanimous shareholder approval for a special resolution concerning the creation of charges and mortgages on company properties. The company announced the voting results on February 6, 2026, following the completion of the remote e-voting process.

Postal Ballot Resolution Details

The postal ballot sought shareholder approval for a special resolution regarding the "Creation of charges/mortgages on or sell, lease or otherwise dispose of the moveable and immoveable properties of the Company, both present and future." This resolution enables the company to create security interests on its assets for various business purposes.

Voting Results and Participation

The postal ballot demonstrated strong shareholder support, with all votes cast in favor of the proposed resolution. The voting process was conducted entirely through remote e-voting, reflecting modern corporate governance practices.

Process and Compliance

The company ensured full regulatory compliance throughout the postal ballot process. The notice was dispatched on January 6, 2026, exclusively through electronic mode to shareholders whose email addresses were registered with the company or depositories. Advertisement regarding the postal ballot was published in "Financial Express" (English) and "Prajasakti" (Telugu) newspapers on January 7, 2026.

Vivek Surana & Associates served as the scrutinizer for the postal ballot, ensuring transparency and fairness in the voting process. The scrutinizer's report confirmed that all 16 participating members, representing 1848963 votes, voted in favor of the resolution, constituting 100% of the total valid votes cast.

Corporate Governance and Documentation

The postal ballot results and scrutinizer's report have been uploaded on the company's website at www.eyantraventures.com and the RTA's website at https://instavote.linkintime.co.in/ . The resolution was deemed passed on February 5, 2026, the last date specified for receipt of votes through the remote e-voting process.

The unanimous approval reflects strong shareholder confidence in the company's strategic direction and management's ability to utilize company assets effectively for business growth and operational requirements.

Ernst & Young has presented ambitious recommendations for Budget 2026, proposing a comprehensive restructuring of India's tax deducted at source (TDS) framework to enhance ease of doing business and reduce compliance burdens on corporations.

Current TDS Framework Challenges

The existing Income Tax Act contains nearly 37 different TDS provisions for payments made to residents, each featuring distinct rates and thresholds. According to EY, this complex structure creates significant operational challenges for businesses, particularly those with extensive vendor and employee networks. The firm highlights that the current system leads to frequent disputes, interpretational challenges, and elevated compliance costs across various business sectors.

Proposed Consolidation Structure

EY's recommendations center on streamlining the existing framework into a simplified structure. The proposed consolidation would establish three to four broad TDS categories designed to cover all payment scenarios while maintaining revenue collection efficiency.

This rationalized approach aims to reduce ambiguity in payment classification, lower litigation risks, and simplify compliance procedures without compromising government revenue collection objectives.

Elimination of Low-Rate TDS

The consulting firm has specifically targeted the removal of 0.1% TDS applicable to certain transactions, arguing that this provision has exceeded its original utility. EY contends that the low-rate TDS was initially introduced as a reporting and tracking mechanism rather than a revenue-generation tool, and its continued application creates unnecessary administrative overhead.

The firm emphasizes that transactions under the Goods and Services Tax regime benefit from comprehensive tracking through multiple mechanisms:

• Digital invoice systems
• GST return filings
• Real-time reporting frameworks

EY argues that maintaining TDS requirements on GST-covered transactions results in duplicated compliance obligations and increased administrative costs for businesses.

Digital Integration and Oversight

With the government's expanded digital monitoring capabilities across direct and indirect tax systems, EY believes GST data can effectively fulfill the tracking objectives originally served by the 0.1% TDS provision. The firm notes that reconciliation between GST and direct tax streams is already operational in several cases, supporting the feasibility of eliminating redundant TDS requirements.

Strengthened real-time integration between GST and direct tax systems would further support this transition, enabling comprehensive oversight without imposing additional compliance burdens on businesses.

Broader Tax Simplification Initiative

EY's TDS rationalization recommendations form part of a comprehensive approach to tax law simplification ahead of Budget 2026. The proposals align with broader objectives to reduce business friction, improve tax certainty, and enhance overall compliance efficiency across India's tax ecosystem. These recommendations reflect ongoing efforts to modernize India's tax framework while maintaining robust revenue collection and oversight mechanisms.