Skipper Limited has officially announced the results of its postal ballot conducted through e-voting, with shareholders demonstrating overwhelming support for the company's strategic financial enhancement initiatives. The results, declared on December 19, 2025, show strong confidence in the management's growth strategy with 95.08% approval for both critical resolutions.

E-Voting Results and Shareholder Participation

The postal ballot process concluded successfully with significant shareholder participation across all categories. A total of 280 members holding 79,979,449 fully paid-up equity shares cast their votes through the National Securities Depository Limited (NSDL) e-voting platform.

Resolution-wise Voting Results

Both special resolutions received identical approval rates, reflecting unanimous shareholder confidence in the company's financial strategy.

Resolution 1: Borrowing Power Enhancement Approval for increasing borrowing powers under Section 180(1)(c) of the Companies Act, 2013 to ₹8,000 crores received substantial support.

Resolution 2: Asset Mortgage Creation Approval for mortgage and/or charge creation on movable and immovable assets under Section 180(1)(a) of the Companies Act, 2013.

Regulatory Compliance and Process Details

The postal ballot was conducted in full compliance with the Companies Act, 2013 and SEBI regulations. The process followed guidelines prescribed by the Ministry of Corporate Affairs through various circulars issued for conducting postal ballot processes through e-voting.

Strategic Impact and Financial Enhancement

The approved resolutions significantly enhance Skipper Limited's financial flexibility by increasing the borrowing limit from ₹5,000 crores to ₹8,000 crores. This ₹3,000 crore enhancement positions the company for accelerated growth and expansion opportunities in India's infrastructure sector.

The mortgage creation approval aligns with the enhanced borrowing capacity, providing the company with comprehensive financial tools to support its strategic initiatives. The overwhelming shareholder support demonstrates strong confidence in the management's ability to utilize these enhanced financial capabilities effectively.

The successful completion of this postal ballot process, combined with the company's recent leadership enhancements including the appointment of Mr. Jalaj Kumar Malpani as Chief Operating Officer, strengthens Skipper Limited's foundation for future growth in the engineering and infrastructure sector.

Skipper Limited , a prominent player in the infrastructure and engineering sector, has announced a significant change in its top management. The company has elevated Mr. Jalaj Kumar Malpani to the position of Chief Operating Officer (COO), effective November 18, 2025. This move marks a strategic shift in the company's leadership structure and operational strategy.

Key Details of the Appointment

• New Role: Chief Operating Officer (COO)
• Effective Date: November 18, 2025
• Previous Position: President-Business Excellence

Background and Expertise

Mr. Malpani brings a wealth of experience and qualifications to his new role:

• Graduate from St Xavier's College, Kolkata
• Qualified Chartered Accountant and Cost Accountant
• Previous experience with Vedanta Ltd. and Arcelor Mittal

Since joining Skipper Limited, Mr. Malpani has been instrumental in various key areas of the company's operations, including:

• Human Resources (HR)
• IT & Digital Transformation
• Environment, Health & Safety (EHS) & Sustainability
• Administration
• Power Improvement Initiatives

Implications for Skipper Limited

This promotion reflects Skipper Limited's recognition of Mr. Malpani's versatile experience and his significant contributions to the company. As the new COO, he is expected to play a crucial role in driving operational excellence and strategic initiatives across the organization.

Corporate Governance Update

In a related development, Skipper Limited has also announced plans to seek shareholder approval for increasing the company's borrowing powers. The company has issued a postal ballot notice for the following purposes:

1. To increase the borrowing limit from the existing ₹5,000.00 crores to ₹8,000.00 crores under Section 180(1)(c) of the Companies Act, 2013.
2. To create mortgage/charge/hypothecation on the company's movable and immovable properties to secure the increased borrowings under Section 180(1)(a) of the Companies Act, 2013.

The e-voting period for these resolutions is scheduled from November 19, 2025, to December 18, 2025.

These moves suggest that Skipper Limited may be gearing up for significant expansion or capital-intensive projects in the near future, with Mr. Malpani's elevation potentially playing a key role in executing these plans.

As Skipper Limited navigates these changes, stakeholders will be keenly watching how these strategic decisions impact the company's growth trajectory and operational efficiency in the coming months.