Sky Industries Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the revision in terms and conditions of appointment of Mr. Gopalakrishnan Mani (DIN: 10324513) as Whole Time Director. The company announced the results on January 06, 2026, following the conclusion of the e-voting period on January 05, 2026.

Voting Results and Participation

The postal ballot witnessed significant shareholder participation with strong approval for the proposed resolution. The voting statistics demonstrate broad-based support across different shareholder categories.

The special resolution received exceptional support with 99.87% votes in favour and only 0.12% against, demonstrating strong shareholder confidence in the proposed revision.

E-Voting Process and Timeline

The postal ballot was conducted entirely through electronic means, reflecting the company's adoption of digital governance practices. Key timeline details include:

The company engaged National Securities Depository Limited (NSDL) as the Electronic Voting Service Provider to facilitate the remote e-voting process through their platform at www.evoting.nsdl.com .

Scrutinizer Oversight and Compliance

Ramesh Chandra Mishra & Associates, a practicing Company Secretaries firm, was appointed as scrutinizer by the Board of Directors on November 12, 2025. The scrutinizer ensured the voting process was conducted in a fair and transparent manner, complying with:

• Section 110 read with Section 108 of the Companies Act, 2013
• Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
• Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• MCA General Circular No. 03/2025 dated September 22, 2025

The votes were unblocked on January 05, 2026, after 5:00 PM in the presence of the scrutinizer and two independent witnesses, Sejal Patel and Shreyana Koyande.

Corporate Governance and Transparency

The company demonstrated strong corporate governance practices throughout the postal ballot process. The postal ballot notice was dispatched electronically to all members with registered email addresses, and advertisements were published in Business Standard (English) and Pratahkal (Marathi) newspapers on December 05, 2025.

The voting results and scrutinizer's report have been made available on multiple platforms for transparency:

• Company's registered and corporate offices
• Company website: www.skycorp.in
• NSDL website: www.evoting.nsdl.com
• BSE Limited for regulatory compliance

The successful completion of this postal ballot process enables Sky Industries Limited to implement the revised terms and conditions for Mr. Gopalakrishnan Mani's appointment as Whole Time Director, reflecting the strong shareholder mandate received through this democratic process.

Sky Industries Limited has announced a significant development in its shareholding structure. The company disclosed the release of a pledge on 1,63,500 equity shares, representing 2.07% of the share capital, previously held by Skay Finvest Private Limited. These shares are beneficially owned by Shailesh Shah, the Managing Director of Sky Industries Limited.

Key Details of the Pledge Release

Background of the Pledge

The pledge on these shares was originally created as part of banking facilities extended by Union Bank of India to erstwhile group companies of Sky Industries Limited. This arrangement highlights the intricate financial relationships often present within corporate groups.

Future Developments

The company has indicated that an inter-se transfer of these shares is planned as part of a family arrangement. Specifically, the shares currently held by Skay Finvest Private Limited are set to be transferred to Shailesh Shah directly.

Implications for Investors

This release of pledge could be viewed positively by the market, as it potentially indicates an improvement in the financial position of the promoter group. However, investors should note that the planned inter-se transfer may lead to changes in the direct shareholding pattern of the company's promoters.

Shareholders and potential investors are advised to keep a close eye on further announcements from Sky Industries regarding the completion of the share transfer and any other related corporate actions.