Swashthik Plascon Limited has announced the successful completion of its postal ballot voting process, with both proposed resolutions receiving overwhelming shareholder approval. The company disclosed the voting results on March 10, 2026, following the conclusion of the remote e-voting period on March 08, 2026.

Postal Ballot Overview

The postal ballot process was initiated through a notice dated January 28, 2026, with the record date set as January 23, 2026. The company had a total of 1024 shareholders on the record date, with the remote e-voting period running from February 07, 2026 (9.00 a.m. IST) to March 08, 2026 (5.00 p.m. IST). NSDL served as the service provider for the electronic voting facility, while Cameo Corporate Services Limited acted as the Registrar and Share Transfer Agent.

Resolution Results

Both resolutions put forward by the company received identical voting patterns and were successfully passed with requisite majority:

Voting Participation Analysis

The voting participation was primarily driven by public non-institutional shareholders, as detailed below:

Notably, the promoter and promoter group, holding 8654877 shares, abstained from voting on both resolutions, which is consistent with regulatory requirements for related party transactions where promoters have interests.

Invalid Votes and Scrutinizer Certification

The voting process recorded 3110633 invalid votes from the promoter and promoter group category, while no invalid votes were reported from public shareholders. CS Dilip Kumar Swarnkar of Dilip Swarnkar & Associates served as the scrutinizer for the postal ballot process, certifying the fairness and transparency of the electronic voting conducted through NSDL's platform.

The scrutinizer's report confirmed that 8 members voted in favour of both resolutions with 3079140 shares, while 1 member voted against with 3200 shares. Additionally, 4 members with 3110633 shares were categorized under invalid/abstained votes.

Regulatory Compliance

The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to MCA General Circular Nos. 14/2020 and subsequent circulars, including General Circular No. 03/2025 dated September 22, 2025, along with SEBI LODR Regulations 2015.

The company has submitted the voting results to BSE SME Platform under scrip code 544035, fulfilling its disclosure obligations under Regulation 44(3) of SEBI LODR Regulations. Managing Director Mahendrakumar Gautam (DIN: 10314526) signed the disclosure documents on behalf of the company.

Swashthik Plascon Limited conducted a board meeting on January 28, 2026, approving multiple corporate resolutions that require subsequent shareholder approval. The company disclosed these developments to BSE SME Platform under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Resolutions

The board meeting addressed several significant corporate matters requiring regulatory compliance and shareholder consent:

Corporate Governance Measures

The company appointed Mr. Dilip Kumar Swarnkar, Sole Proprietor of M/s Dilip Swarnkar & Associates and Practicing Company Secretary, as scrutinizer for conducting the e-voting process. This appointment ensures independent oversight of the upcoming postal ballot proceedings.

The board established January 23, 2026 as the cut-off date for postal ballot notice submission and determining shareholder entitlement for e-voting. This timeline provides adequate notice period for shareholders to participate in the decision-making process.

Meeting Details

The board meeting was conducted efficiently, commencing at 3:00 PM and concluding at 3:30 PM on January 28, 2026. Managing Director Mahendrakumar Gautam (DIN: 10314526) digitally signed the regulatory disclosure, ensuring compliance with corporate governance requirements.

Regulatory Compliance

Swashthik Plascon Limited maintains its listing on BSE SME Platform under scrip code 544035. The company operates from its registered facility at A-75 & A-76, PIPDIC Electronic Park, Thirubhuvanai, Mannadipet Commune, Puducherry, and holds CIN L25209PY2011PLC002578.