News Corporate Actions JNK India Limited Shareholders Approve Material Related Party Transactions Through Postal BallotJNK India Limited Shareholders Approve Material Related Party Transactions Through Postal Ballot
JNK India Limited successfully concluded its postal ballot process with shareholders approving two material related party transaction resolutions on February 10, 2026. The resolutions involved transactions with subsidiary JNK Chemdist Technologies Private Limited and related party Chemdist Process Solutions Private Limited, both receiving 67.62% approval from voting shareholders.
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JNK India Limited has successfully concluded its postal ballot process, with shareholders approving two material related party transaction resolutions on February 10, 2026. The company announced the voting results along with the scrutinizer's report to BSE Limited and National Stock Exchange of India Limited, confirming both ordinary resolutions passed with requisite majority.
Postal Ballot Overview
The postal ballot process was conducted entirely through electronic voting, with the remote e-voting period remaining open from January 9, 2026, at 9:00 AM IST to February 7, 2026, at 5:00 PM IST. The company had 56,086 total shareholders on the record date of January 2, 2026.
| Parameter: | Details |
|---|---|
| Record Date: | January 2, 2026 |
| Total Shareholders: | 56,086 |
| Outstanding Shares: | 55,953,915 |
| Total Votes Polled: | 9,910,446 |
| Voting Participation: | 17.71% |
Resolution Results
Both resolutions received nearly identical approval rates, demonstrating consistent shareholder support for the proposed related party transactions.
Resolution 1: JNK Chemdist Technologies Transactions
The first ordinary resolution approved material related party transactions with JNK Chemdist Technologies Private Limited, a subsidiary of JNK India Limited.
| Voting Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|---|
| Promoter Group: | 37,928,573 | 0 | 0.00% | 0 | 0 | 0.00% |
| Public Institutions: | 8,801,629 | 8,793,294 | 99.91% | 5,592,727 | 3,200,567 | 63.60% |
| Public Non-Institutions: | 9,223,713 | 1,117,152 | 12.11% | 1,108,681 | 8,471 | 99.24% |
| Total: | 55,953,915 | 9,910,446 | 17.71% | 6,701,408 | 3,209,038 | 67.62% |
Resolution 2: JCTPL-CPSPL Transactions
The second ordinary resolution concerned material related party transactions between JNK Chemdist Technologies Private Limited (JCTPL) and Chemdist Process Solutions Private Limited (CPSPL), a related party of JCTPL.
| Voting Category: | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|
| Public Institutions: | 5,592,727 | 3,200,567 | 63.60% | 36.40% |
| Public Non-Institutions: | 1,108,631 | 8,521 | 99.24% | 0.76% |
| Total: | 6,701,358 | 3,209,088 | 67.62% | 32.38% |
Scrutinizer Certification
CS Suman Sureka of Suman Sureka & Associates, appointed as scrutinizer on November 13, 2025, conducted the voting process verification. The scrutinizer confirmed that both ordinary resolutions were passed with requisite majority, with 187 members voting in favour for each resolution.
Regulatory Compliance
The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published the postal ballot notice in Financial Express (English) and Navshakti (Marathi) newspapers on January 9, 2026, as required under regulatory guidelines.
The scrutinizer's report and detailed voting results are available on the company's website at www.jnkindia.com , ensuring transparency in the corporate governance process.
Historical Stock Returns for JNK India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.34% | +15.36% | +13.24% | -11.73% | -49.73% | -63.39% |
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