Icon Facilitators Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders approving key corporate resolutions. The company announced the voting results on February 07, 2026, following the completion of the e-voting period on February 05, 2026.

Postal Ballot Process Overview

The postal ballot notice was issued on December 29, 2025, with the remote e-voting facility commencing on January 07, 2025, and concluding on February 05, 2026. Raghav Bansal (FCS No. 12328), Proprietor of M/s Raghav Bansal & Associates, Company Secretaries, served as the scrutinizer for the entire process.

Resolution 1: Related Party Transaction Approval

The ordinary resolution to approve related party transactions received approval from public shareholders, with promoters and promoter group abstaining from voting as required by regulations.

Notably, promoters and promoter group members including Dinesh Makhiya (4,132,500 shares), Pooja Makhiya (824,847 shares), Anushka Makhiya (275,500 shares), Ankit Makhiya (275,500 shares), and Asha Makhiya (551 shares) abstained from voting on this resolution.

Resolution 2: Memorandum of Association Amendment

The special resolution for alteration in the object clause of the Memorandum of Association received overwhelming support from shareholders across all categories.

The resolution saw participation from both promoter group (55,08,898 votes) and public shareholders (19,751 votes), with promoters voting 100% in favor of the proposal.

Regulatory Compliance and Documentation

The postal ballot process was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, along with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published advertisements in Financial Express (English) and Jansatta (Hindi) newspapers on January 07, 2026, informing eligible members about the postal ballot notice.

The remote e-voting was facilitated through NSDL's platform at www.evoting.nsdl.com , with the process being monitored through the scrutinizer's secured link. The voting results and scrutinizer's report have been uploaded on the company's website at www.iconfin.in and submitted to BSE Limited under scrip code 544426.

Icon Facilitators Limited has announced a strategic collaboration with Radiance Power Solutions through a Memorandum of Understanding (MoU) for Integrated Facilities Management Services. The partnership targets consolidated revenue of ₹50 crores during Financial Year 2026-27, focusing on operations in Uttar Pradesh and Uttarakhand.

Partnership Structure and Scope

The collaboration encompasses comprehensive facilities management services including soft services, hard services, technical services, housekeeping, security coordination, manpower supply, and allied facilities services. The MoU was executed on January 15, 2026, at Meerut and carries a validity period of three years.

Company Performance and Capabilities

Icon Facilitators Limited brings established pan-India operational capability with expertise in large-scale IFM contracts, compliance management, audits, process governance, client acquisition, and contract administration. Radiance Power Solutions contributes strong regional presence with specialized capabilities in manpower mobilization and local statutory compliance.

Roles and Revenue Sharing

Under the partnership framework, Icon Facilitators will lead business development, client acquisition, key account management, overall contract governance, commercial structuring, and brand representation. Radiance Power Solutions will handle deployment and management of manpower, site-level operations, local statutory compliance, and operational execution as per agreed Service Level Agreements.

Revenue sharing will be determined on a project-to-project basis depending on scope, manpower requirements, risk allocation, and client specifications. The arrangement will be documented through written addendums or work orders for each engagement.

Agreement Terms and Conditions

The MoU includes provisions for confidentiality of commercial, technical, financial, and client-related information. The agreement maintains non-exclusive nature, allowing both parties to engage in similar business activities with other entities provided they do not conflict with collaboration interests. Either party may terminate the agreement with 90 days prior written notice, though obligations accrued prior to termination will survive.

Dispute resolution will follow arbitration procedures under the Arbitration and Conciliation Act, 1996, with New Delhi as the seat of arbitration. The agreement is governed by Indian laws with courts at Meerut having jurisdiction.

Source: