Parshva Enterprises Limited has formally submitted the voting results of its postal ballot process to BSE Limited, following the successful approval of authorized share capital increase from Rs. 10.50 crore to Rs. 15 crore. Managing Director Prashant Vora communicated the completion of the postal ballot process to BSE on February 21, 2026, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Submission and Regulatory Compliance

The company has submitted comprehensive documentation to BSE Limited including the voting results and scrutinizer report. The submission confirms that shareholders approved the ordinary resolution with requisite majority through the postal ballot process conducted via remote e-voting:

Voting Results and Shareholder Participation

The postal ballot witnessed overwhelming shareholder support with detailed voting statistics demonstrating strong confidence in the company's capital structure enhancement:

The voting process concluded on February 21, 2026, with 99.99999% votes cast in favor of the resolution and only 4 votes against, representing 0.0001% of total votes polled.

Scrutinizer Report and Process Validation

Jenish S. Doshi of JSD & Associates, Company Secretaries, served as the appointed scrutinizer and submitted a consolidated report confirming the validity of the postal ballot process. The scrutinizer report validates that all procedural requirements under Section 108 of the Companies Act, 2013, and Rule 21(2) of the Companies (Management and Administration) Rules, 2014, were properly followed:

Capital Structure Enhancement Details

The approved resolution enables a substantial increase in the company's authorized share capital structure:

Documentation and Disclosure

In accordance with regulatory requirements, the company has made all related documents available on its website at www.parshvaenterprises.co.in and on NSDL's e-voting portal. The formal submission to BSE includes the complete voting results, scrutinizer report, and confirmation of compliance with all applicable regulations under the Companies Act, 2013, and SEBI guidelines.

Parshva enterprises Limited has secured a significant regulatory approval that will enhance its import capabilities. The company announced on February 3, 2024, that it has received Tariff Rate Quota (TRQ) authorization from the Directorate General of Foreign Trade, Delhi, under the Ministry of Commerce and Industry, Government of India.

Authorization Details

The TRQ authorization represents a crucial business development for Parshva Enterprises Limited. This license specifically permits the company to import gold bars from the United Arab Emirates, opening new avenues for the company's procurement operations.

Business Impact

The authorization will allow Parshva Enterprises Limited to directly import gold bars from the UAE market. This regulatory approval provides the company with enhanced operational flexibility and access to international suppliers, potentially strengthening its position in the gold trading business.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency with stakeholders and exchange members.

The authorization remains valid until March 31, 2026, providing the company with a substantial timeframe to utilize this import facility and develop its UAE-based supply chain for gold bar procurement.