Innovana Thinklabs Limited has initiated a postal ballot process to seek shareholder approval for enhancing its financial capabilities through four special resolutions. The company has sent the postal ballot notice dated March 02, 2026, to all eligible shareholders through electronic mode on March 03, 2026.

Proposed Special Resolutions

The company is seeking approval for four critical business matters through special resolutions:

Enhanced Financial Limits

The most significant proposal involves increasing the company's borrowing limit from the previously approved Rs. 100 crores to Rs. 200 crores. This enhancement was last approved by shareholders on July 06, 2017, and the company now seeks to double this limit to support business expansion and meet capital expenditure requirements.

Similarly, the company proposes to enhance its investment and lending limits under Section 186 from Rs. 100 crores to Rs. 200 crores. This will enable the company to make strategic investments, extend loans, or provide guarantees to subsidiaries, joint ventures, and associates.

The third resolution seeks approval for advancing loans, providing guarantees, or securities up to Rs. 200 crores under Section 185 to entities where company directors have interests, including subsidiaries and group companies.

E-Voting Schedule and Process

The postal ballot will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed. The voting timeline has been structured as follows:

Scrutinizer and Compliance

The Board of Directors has appointed Mr. Abhishek Goswami (COP No. 17057), a Practicing Company Secretary, as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The scrutinizer will submit his report to the Chairman, and results will be communicated through the company website, CDSL platform, and stock exchanges.

Shareholders can access the postal ballot notice on the company's website at www.innovanathinklabs.com and on CDSL's e-voting platform at www.evotingindia.com . The company has emphasized that only shareholders whose names appear in the register as of the cut-off date are eligible to vote.

Strategic Rationale

The company's explanatory statement indicates these enhancements are necessary to support business expansion, meet working capital requirements, and capitalize on growth opportunities. The increased borrowing capacity will provide financial flexibility, while enhanced investment limits will enable strategic partnerships and subsidiary support. All proposed limits are designed to work within the overall framework of the Companies Act, 2013, ensuring regulatory compliance while maximizing business potential.

Innovana thinklabs Limited has filed its quarterly compliance statement confirming no deviation in the use of proceeds from its preferential warrant allotment for the quarter ended December 31, 2025. The statement was submitted to BSE and NSE on February 13, 2026, in compliance with Regulation 32 of SEBI Listing Regulations.

Warrant Issue Details

The company had allotted 8,60,000 convertible warrants on preferential basis, with each warrant convertible into one fully paid-up equity share of face value Rs. 10 at a price of Rs. 431 per warrant. The warrant issue was approved through an Extra Ordinary General Meeting dated June 27, 2025.

Fund Utilization Progress

As of December 31, 2025, the company has received Rs. 14,43,85,000 from the warrant issue. During the quarter ended December 31, 2025, warrant holders exercised 1,60,000 warrants, resulting in additional proceeds of Rs. 5,17,20,000 received on October 13, 2025.

Compliance and Audit Committee Review

The audit committee reviewed the utilization statement at its meeting held on February 13, 2026, and confirmed that there are no deviations or variations in the utilization of issue proceeds from the stated objects. All funds have been allocated for general corporate purposes as originally disclosed, with no modifications to the intended use.

Outstanding Warrant Details

The remaining Rs. 22,62,75,000 is expected to be received within 18 months from the date of allotment of the share warrants. This represents the balance 75% of the warrant exercise price that warrant holders will pay upon exercising their remaining warrants.

The company's compliance officer, Vasu Ajay Anand, signed the regulatory filing confirming adherence to all disclosure requirements under SEBI regulations.