Innovators Façade Systems Limited has successfully completed its postal ballot process, with all three resolutions receiving unanimous approval from shareholders. The company disclosed the complete proceedings and results to BSE Limited on 2 March 2026, following the conclusion of remote e-voting on 27 February 2026.

Postal Ballot Process and Timeline

The postal ballot notice dated 27 January 2026 was dispatched to shareholders on 28 January 2026, with the cut-off date for eligible shareholders set as 23 January 2026. The remote e-voting period commenced on 29 January 2026 at 09:00 AM (IST) and concluded on 27 February 2026 at 05:00 PM (IST).

MUFG Intime India Private Limited served as the Registrar and Transfer Agent, providing e-voting facility and technical services for the postal ballot process. Mrs. Priti Nikhil Jajodia of Jajodia & Associates, Practicing Company Secretary, was appointed as scrutinizer to ensure fair and transparent proceedings.

Director Appointment Resolution

The first resolution involved the appointment of Mrs. Gayatri Narendra Sharma (DIN: 07780778) as Non-Executive Non-Independent Director with effect from 27 January 2026. This special resolution received unanimous approval from all voting shareholders.

Mrs. Sharma was initially appointed as Additional Non-Executive Non-Independent Director by the Board on the recommendation of the Nomination and Remuneration Committee. She will be liable to retire by rotation in accordance with the Companies Act, 2013 provisions.

Related Party Transaction Approvals

Two ordinary resolutions were passed regarding material related party transactions. The second resolution approved modifications to the aggregate limit of transactions between the company and Innovators Contracting Works Private Limited (ICWPL), an associate of wholly owned subsidiary Innovators Engineering Works Private Limited.

The third resolution approved material related party transactions between the company and Parth Façade Solutions Private Limited (PFSPL) for an aggregate value not exceeding ₹25 crore during financial year 2026-27. Both transactions are to be conducted at arm's length pricing basis and in the ordinary course of business.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. Company Secretary Nitin Kore (A37732) signed the disclosure documents from Thane, ensuring compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company published public advertisements in English and Marathi newspapers on 29 January 2026, informing shareholders about the completion of postal ballot notice dispatch. All resolutions were deemed passed on 27 February 2026, the last date of remote e-voting, with results declared on 2 March 2026.

Innovators Façade Systems Limited has issued a comprehensive postal ballot notice dated 27th January, 2026, seeking shareholder approval for three significant corporate resolutions through remote e-voting process. The company has engaged MUFG Intime India Private Limited as the agency to provide remote e-voting facility, with Ms. Priti Nikhil Jajodia of Jajodia & Associates appointed as the scrutinizer for the postal ballot process.

Postal Ballot Schedule and Process

The company has established a detailed timeline for the postal ballot process, with all voting to be conducted exclusively through electronic means. The postal ballot notice is being sent only by electronic mode to members whose email addresses are registered with the company, depositories, or registrar and transfer agent.

Proposed Resolutions

Director Appointment

The first resolution seeks approval for the appointment of Mrs. Gayatri Narendra Sharma (DIN: 07780778) as a Non-Executive Non-Independent Director with effect from 27th January, 2026. Mrs. Sharma, aged 44 years, holds a Bachelor of Commerce degree and Diploma in IT, with over 15 years of experience in business administration and project coordination. She is the spouse of Mr. Narendra Sharma, North Regional Head of the company, and will be liable to retire by rotation.

Related Party Transactions with ICWPL

The second resolution proposes modification of the aggregate limit for material related party transactions between the company and Innovators Contracting Works Private Limited (ICWPL), an associate of wholly owned subsidiary Innovators Engineering Works Private Limited. The company seeks to increase the transaction limit to ₹120 crore during financial year 2025-26, representing 54.21% of the company's annual consolidated turnover.

The transactions include sub-contracting services for production and installation of façade products, purchase and sale of raw materials and semi-finished goods, supply of clean-room panels and fire-rated doors, and rent for adjoining land area with structure at Wada Factory.

Related Party Transactions with PFSPL

The third resolution seeks approval for material related party transactions with Parth Façade Solutions Private Limited (PFSPL) for an aggregate value not exceeding ₹25 crore during financial year 2026-27, representing 11.29% of the company's annual consolidated turnover.

Audit Committee Approval

The Audit Committee reviewed and approved both related party transaction proposals at its meeting held on 23rd January, 2026. The committee evaluated all relevant details including material terms, pricing basis, and modification of limits as required under applicable laws. All proposed transactions are to be conducted at arm's length pricing and in the ordinary course of business.

Voting Instructions and Compliance

Shareholders can cast their votes through multiple methods including NSDL and CDSL depository platforms, as well as the InstaVote platform provided by the registrar and transfer agent. The company has provided comprehensive instructions for different categories of shareholders, including individual shareholders holding securities in demat mode and institutional shareholders.

The results of the postal ballot will be announced within two working days from the conclusion of e-voting and will be made available on the company's website, stock exchange platforms, and the registrar's website. The resolutions, if approved by requisite majority, shall be deemed to have been passed on 27th February, 2026.