Indian Toners & Developers Shareholders Approve Memorandum of Association Amendment via Postal Ballot

Indian Toners & Developers Limited has successfully secured shareholder approval for alteration of its Memorandum of Association through postal ballot, with results declared on January 19, 2026. The special resolution to insert new main object clauses received overwhelming support from shareholders, reflecting strong confidence in the company's strategic direction.

Voting Results Overview

The postal ballot process demonstrated exceptional shareholder participation and support. The voting results show comprehensive backing for the proposed changes:

Parameter:	Details
Total Shareholders on Record Date:	17,596
Record Date:	December 12, 2025
Total Outstanding Shares:	10,391,732
Total Votes Polled:	7,201,396
Polling Percentage:	69.30%

Detailed Voting Breakdown

The resolution received strong support across all shareholder categories. The promoter and promoter group showed complete unanimity, while public shareholders also demonstrated significant backing:

Category:	Shares Held	Votes Polled	% Polled	Votes in Favor	Votes Against	% in Favor
Promoter Group:	7,196,638	7,196,638	100.00%	7,196,638	0	100.00%
Public Non-Institutions:	3,195,094	4,758	0.15%	4,429	329	93.09%
Total:	10,391,732	7,201,396	69.30%	7,201,067	329	99.995%

E-Voting Process Details

The company conducted the postal ballot exclusively through electronic voting means, ensuring transparency and efficiency. The e-voting period remained open from December 19, 2025 to January 17, 2026, providing adequate time for shareholder participation.

Key process highlights include:

Participation: 47 members voted through electronic means
Total votes cast: 7,201,396 votes
Invalid votes: Zero across all categories
Scrutinizer: Varanasi Hari of V. Hari & Co., Company Secretaries

Resolution Details

The special resolution focused on "Approval for Alteration of the Memorandum of Association to Insert New Main Object Clauses." This amendment requires special resolution approval under company law provisions, necessitating support from at least 75% of votes cast.

Voting Method:	Members Voting	Votes Cast	% of Valid Votes
Electronic Voting (Favor):	45	7,201,067	99.995%
Electronic Voting (Against):	2	329	0.005%
Postal Ballot Form:	0	0	0%

Regulatory Compliance

The postal ballot process was conducted in full compliance with Section 110 of the Companies Act, 2013 and Rule 22 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The company also adhered to Regulation 44 of SEBI (LODR) Regulations, 2015 for listed companies.

The scrutinizer's report confirmed that all procedural requirements were met, including proper notice dispatch on December 17, 2025, website uploads, and transparent vote counting process. The resolution has been declared passed with the requisite majority, enabling the company to proceed with the proposed amendments to its Memorandum of Association.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.21%	-1.48%	-2.85%	-1.56%	-4.32%	+95.52%

Indian Toners & Developers Ltd has announced the resignation of its Chief Financial Officer, Surya Pratap Singh, effective February 7, 2026. The announcement was made through a regulatory filing to BSE Limited on January 7, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Resignation Details

The key details of the CFO resignation are outlined below:

Parameter	Details
Officer Name	Surya Pratap Singh
Position	Chief Financial Officer (Key Managerial Personnel)
Resignation Date	February 7, 2026 (close of business hours)
Notice Period	31 days
Reason	Pursuit of other professional opportunities

Official Communication

The resignation letter, dated January 7, 2026, was addressed to the Executive Director of Indian Toners & Developers Limited. Singh expressed gratitude for the trust and support extended during his tenure with the company. He confirmed his commitment to ensuring a smooth transition process and stated his availability as required during the notice period.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, with complete disclosure as required under Schedule III of the Listing Regulations. Company Secretary and Compliance Officer Vishesh Chaturvedi (Membership No. A-23718) signed the regulatory filing, ensuring full compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Highlights

The resignation announcement includes several important aspects:

Singh confirmed there are no other material reasons for his resignation beyond pursuing professional opportunities
The resignation is aligned with his long-term career goals
A mutual agreement was reached regarding the February 7, 2026 last working day
Complete regulatory documentation has been submitted to BSE Limited

Company Response

Indian Toners & Developers Limited has acknowledged Singh's contribution during his tenure as CFO. The company has indicated that appropriate measures will be taken to ensure business continuity during the transition period. The resignation letter and all required annexures have been properly documented and submitted to the stock exchange for regulatory compliance.