Manorama Industries Limited has successfully completed its postal ballot process and declared voting results in compliance with SEBI regulations. The company announced the outcomes of two key resolutions through remote e-voting, both of which received shareholder approval with comprehensive documentation submitted to stock exchanges.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the voting period spanning from January 31, 2026 (09:00 a.m. IST) to March 01, 2026 (05:00 p.m. IST). The e-voting facility was provided by MUFG Intime India Private Limited, serving as the company's Registrar & Transfer Agent.

Resolution Results

Both resolutions presented to shareholders were successfully passed with strong support across all shareholder categories.

Resolution 1: Independent Director Re-appointment

The special resolution for re-appointing Mr. Nipun Sumanlal Mehta (DIN: 00255831) as Independent Director for a second five-year term received overwhelming approval.

Resolution 2: Remuneration Increase Approval

The ordinary resolution to approve increased remuneration for Mr. Deep Saraf, Deputy Chief Executive Officer - Chief Coordinator, was also passed successfully.

Scrutinizer Validation and Official Documentation

The postal ballot process was overseen by Alifya Sapatwala, Partner at M/s. Mehita & Mehita, Company Secretaries, who served as the appointed scrutinizer. The scrutinizer's report, dated March 02, 2026, confirmed the validity of the voting process and results in accordance with the Companies Act, 2013 and SEBI regulations.

The company has submitted comprehensive documentation to both BSE Limited (Script Code: 541974) and National Stock Exchange of India Limited (NSE Symbol: MANORAMA) under Regulation 30 and 44 of SEBI LODR regulations. The submission includes detailed voting results and the complete scrutinizer's report as required under regulatory compliance.

Regulatory Compliance

Manorama Industries Limited has fulfilled its disclosure obligations under Regulation 30 and 44 of SEBI LODR regulations by announcing the voting results and providing the scrutinizer's report. The voting process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and all related documentation has been made available on the company's website for shareholder reference and transparency.

Manorama Industries Limited has incorporated a wholly owned subsidiary in Burkina Faso, marking a significant expansion into the African market for raw materials processing. The company informed stock exchanges BSE and NSE about this corporate development under SEBI Regulation 30 compliance requirements on February 10, 2026.

Subsidiary Incorporation Details

The new subsidiary, named TAANG KAAM INDUSTRIES SA, was officially incorporated on January 16, 2026, in Burkina Faso. The company received the Certificate of Incorporation from the regulatory authorities of Burkina Faso on February 10, 2026.

Capital Structure and Investment

The subsidiary has been established with specific capital arrangements to support its business operations:

The board has approved capital infusion amounting up to CFA 1,60,00,00,000, which will be deployed subsequently as per business requirements in one or more tranches. The initial investment of CFA 10,000,000 represents the starting capital for operations.

Business Objectives and Operations

TAANG KAAM INDUSTRIES SA has been incorporated with the primary objective of buying, processing and selling of shea nuts/butter, mango kernels/butter and other raw materials. This expansion aligns with Manorama Industries' manufacturing capabilities and represents entry into the African raw materials processing market.

The subsidiary will operate in the manufacturing sector, focusing on:

• Processing of shea nuts and shea butter
• Processing of mango kernels and mango butter
• Trading and processing of other raw materials

Regulatory Compliance and Related Party Status

The incorporation has been completed as per the laws applicable in Burkina Faso. As a wholly owned subsidiary, TAANG KAAM INDUSTRIES SA is classified as a related party of Manorama Industries Limited. The company has confirmed that any future transactions with the subsidiary will be conducted on an arm's length basis, ensuring compliance with regulatory requirements.

This strategic expansion into Burkina Faso represents Manorama Industries' continued growth in manufacturing and processing operations, leveraging opportunities in the African market for raw materials processing.