Krystal Integrated Services Limited has officially announced the successful completion of its postal ballot process through regulatory filings dated March 02, 2026, with shareholders providing overwhelming support for key corporate resolutions aimed at capital expansion and fundraising initiatives.

Regulatory Filing and Compliance

The company submitted comprehensive documentation to BSE Limited and National Stock Exchange of India Limited under reference KISL/CS/SE/107/2025-26, including e-voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included the scrutinizer's report, minutes of proceedings, and complete voting results.

Resolution Results and Voting Details

Ordinary Resolution - Authorized Share Capital Increase

The first resolution sought approval for increasing the company's authorized share capital from Rs. 15,00,00,000 (divided into 1,50,00,000 equity shares of Rs. 10 each) to Rs. 19,00,00,000 (divided into 1,90,00,000 equity shares of Rs. 10 each), along with consequential amendments to the Memorandum of Association.

Special Resolution - Qualified Institutions Placement

The second resolution approved the company's proposal to raise capital through a Qualified Institutions Placement (QIP) for an amount aggregating up to Rs. 300 crores in one or more tranches.

Scrutinizer Report and Process Oversight

Ms. Kajal Jakharia (Membership No. FCS 7922) of Kajal Jakharia & Associates served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report dated March 02, 2026 confirmed that both resolutions were passed with requisite majority through the remote e-voting process.

Key process highlights included:

• Electronic circulation of postal ballot notice on January 30, 2026
• Publication of newspaper advertisements in Financial Express (English) and Mumbai Lakshadeep (Marathi) on January 31, 2026
• Utilization of National Securities Depository Limited (NSDL) for remote e-voting facility
• Maintenance of electronic registers in accordance with the Companies Act, 2013

Strategic Implications and Capital Framework

The approved resolutions position the company for significant growth initiatives. The increase in authorized share capital provides the necessary framework for future equity issuances, while the QIP approval enables the company to raise up to Rs. 300 crores from qualified institutional buyers.

Both resolutions received the requisite majority approval and are deemed to have been passed effectively on March 01, 2026. The voting results and scrutinizer's report are available on the company's website at https://krystal-group.com/investor-relations/ and NSDL's e-voting portal for shareholder reference.

Krystal Integrated Services Limited has announced the board approval for incorporating a Special Purpose Vehicle (SPV) in partnership with Advaita Enterprises International Private Limited. The decision was taken during a board meeting held on February 24, 2026, marking a strategic move into the renewable energy sector.

Board Meeting Outcome

The board meeting, which commenced at 12:00 noon and concluded at 12:31 p.m., was conducted in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this material development.

SPV Formation Details

The proposed entity, tentatively named "Advait Krystal Solar Energy SPV Private Limited," will be incorporated as a joint venture between the two companies. Upon incorporation, the SPV will become an associate company of Krystal Integrated Services Limited.

Business Focus and Operations

The SPV will operate in the solar, wind, and other renewable energy industry with comprehensive business objectives. The entity will focus on producing, generating, transmitting, distributing, and supplying various forms of renewable energy across India and other locations.

Key Business Activities

The proposed SPV will undertake multiple renewable energy projects under various investment models:

• Project Development: Build, Own, Operate, Maintain, and Transfer (BO, BOO, BOOT) structures
• Technical Services: Engineering, procurement, construction, supply, installation, and commissioning
• Energy Storage Solutions: Battery energy storage systems, thermal storage, and advanced storage technologies
• Consultancy Services: Feasibility studies, detailed design, equipment qualification, and factory acceptance tests

Partnership Structure

Advaita Enterprises International Private Limited, formerly known as e-Governance Solution Private Limited, will serve as the holding company of the proposed SPV. The partnership brings together expertise from both organizations to develop comprehensive renewable energy solutions.

Regulatory Compliance and Approvals

The company has confirmed that no additional governmental or regulatory approvals are required for the incorporation. The disclosure has been made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Detailed information regarding this development will be available on the company's official website at krystal-group.com, ensuring transparency and accessibility for stakeholders and investors.