Shraddha Prime Projects Ltd. has successfully completed its postal ballot process, with shareholders overwhelmingly approving two key corporate resolutions through electronic voting. The company announced the results on February 19, 2026, following the completion of the e-voting period that ran from January 20, 2026 to February 18, 2026.

Postal Ballot Overview

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The company provided e-voting facility to members through National Securities Depository Limited (NSDL), with the voting period commencing on Tuesday, January 20, 2026 at 9:00 a.m. and ending on Wednesday, February 18, 2026 at 5:00 p.m.

Resolutions and Voting Results

Two ordinary resolutions were put to vote, both receiving exceptional shareholder support:

Resolution Details

Comprehensive Voting Statistics

Scrutinizer's Confirmation

Ms. Neeta H. Desai, Practicing Company Secretary (Membership No. 3262, COP No. 4741) from ND & Associates, served as the appointed scrutinizer for the postal ballot process. Her report confirmed that both resolutions were passed with the requisite majority, with 99.99996787% of total votes polled supporting each resolution.

The scrutinizer's report highlighted that the e-voting process was conducted in a fair and transparent manner, with detailed voting results downloaded from the NSDL e-voting platform. The company achieved a total participation rate of 77.04773644% of outstanding shares.

Corporate Governance Compliance

The postal ballot was conducted in full compliance with regulatory requirements, including the Companies Act, 2013, SEBI Listing Regulations, and various MCA circulars. The company sent the postal ballot notice by email to all shareholders who had registered their email addresses with the company or depositories as of the cut-off date.

Managing Director Sudhir Balu Mehta (DIN 02215452) declared both resolutions as duly passed ordinary resolutions, enabling the company to proceed with the authorized share capital increase and the appointment of the new independent director to strengthen its board composition.

Shraddha Prime Projects has issued a revised outcome of its Board Meeting held on February 14, 2026, correcting a typographical error in the designation of resigning director Ms. Ankita Gupta and announcing the approval of quarterly financial results. The company addressed a discrepancy raised by BSE regarding the incorrect mention of director designation in regulatory filings.

Correction of Director Designation

The company has clarified that Ms. Ankita Gupta's designation was inadvertently mentioned as Non-Executive Non-Independent Director due to a typographical error. The correct designation should read as Non-Executive Independent Director, as confirmed in the revised disclosure submitted to the stock exchange.

Board Meeting Outcomes

The Board Meeting, which commenced at 2:15 PM and concluded at 3:20 PM on February 14, 2026, approved several key matters including the company's quarterly financial performance and formally recorded the director's resignation.

Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025, along with the Limited Review Report. This represents a significant milestone in the company's quarterly reporting cycle, ensuring compliance with regulatory disclosure requirements.

Resignation Confirmation

Ms. Ankita Gupta's resignation letter, dated February 14, 2026, confirms her decision to step down from the Independent Directorship due to personal and unavoidable circumstances. The resignation became effective from the closure of working hours on February 14, 2026, with the director confirming no other material reasons beyond those mentioned.

Regulatory Compliance

The revised disclosure has been submitted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated November 11, 2024. The company has ensured proper documentation and filing of necessary forms with the Ministry of Corporate Affairs and Stock Exchange to complete the transition.