Pine Labs Limited has successfully concluded its postal ballot process, with shareholders approving four key corporate resolutions through remote e-voting. The company announced the voting results on February 17, 2026, following the completion of the e-voting period that ran from January 15 to February 13, 2026.

Postal Ballot Overview

The postal ballot covered four critical resolutions, with 124,949 shareholders eligible to participate as of the record date of January 09, 2026. The voting was conducted entirely through remote e-voting, facilitated by KFin Technologies Limited, in compliance with regulatory requirements.

ESOP Plan Resolutions Receive Strong Support

The ratification and amendment of Pine Labs Employee Stock Option Plan 2025 secured substantial shareholder backing, with 87.40% of valid votes cast in favour. Out of 999,000,599 valid votes, 873,166,032 votes supported the resolution while 125,834,567 votes were cast against it.

The extension of ESOP benefits to employees of subsidiary companies achieved similar approval levels, garnering 87.41% support. This resolution received 873,659,220 votes in favour against 125,835,443 votes opposing, from a total of 999,494,663 valid votes cast.

Overwhelming Support for Governance Measures

The appointment of a secretarial auditor received exceptional shareholder endorsement, with 99.99% of votes cast in favour. Of the 999,717,659 valid votes, 999,699,745 supported the appointment while only 17,914 votes were against the resolution.

Similarly, the resolution for creating charges, mortgages, and hypothecation on company properties under Section 180(1)(a) of the Companies Act, 2013, achieved 99.99% approval. Out of 999,630,281 valid votes, 999,610,810 were in favour with just 19,471 votes against.

Voting Participation Analysis

The postal ballot demonstrated strong institutional and retail investor participation across all resolutions. Public institutions held 190,381,056 shares and achieved voting participation rates ranging from 84.08% to 84.08% across different resolutions. Public non-institutional shareholders, holding 957,895,321 shares, maintained consistent participation at approximately 87.63% to 87.66% across all items.

Regulatory Compliance and Process

The postal ballot process was conducted under the supervision of Ritu Mahajan of Ritu Mahajan & Associates, appointed as scrutinizer. The process complied with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. All resolutions were deemed passed on February 13, 2026, being the last date for remote e-voting.

The voting results and scrutinizer's report will be displayed at the company's registered and corporate offices, uploaded on the company website at www.pinelabs.com , and made available on KFin's e-voting platform at https://evoting.kfintech.com .

Pine Labs Limited has made a significant investment of ₹1,28,99,95,290 in its wholly owned subsidiary Synergistic Financial Networks Private Limited (SFNPL) through subscription to a rights issue. The transaction, completed on January 30, 2026, involved the acquisition of 2,57,330 equity shares while maintaining the company's complete ownership of the subsidiary.

Investment Details

The investment structure and key parameters are outlined below:

About Synergistic Financial Networks Private Limited

SFNPL, incorporated on March 12, 2008, under the Companies Act, 1956, operates in the financial technology industry. The company specializes in facilitating financial transactions through systems infrastructure, including payment processing, providing end-to-end technology integrated solutions, and selling transaction-related infrastructure.

Following the investment, SFNPL's paid-up capital stands at ₹3,13,17,100. The subsidiary reported a turnover of ₹1,98,39,19,986 as of March 31, 2025.

Financial Performance Overview

SFNPL's revenue performance over the last three years demonstrates steady growth:

Strategic Objectives

The investment serves multiple strategic purposes for Pine Labs:

• Meeting working capital requirements of SFNPL
• Pursuing further growth opportunities within the subsidiary
• Enabling additional investments in step-down subsidiaries
• Strengthening the financial technology business segment

Regulatory Compliance

Pine Labs disclosed this investment pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not constitute a related party transaction, and no governmental or regulatory approvals were required for completion.

The investment reinforces Pine Labs' commitment to expanding its financial technology capabilities through its subsidiary network while maintaining strategic control over key business operations.