IST Limited has formally communicated to BSE Limited that it does not qualify as a 'Large Corporate' under the regulatory framework established by the Securities and Exchange Board of India. The declaration was submitted on April 01, 2026, providing clarity on the company's status regarding debt securities regulations.

Regulatory Framework Reference

The declaration specifically references two key regulatory circulars that govern fund raising activities by large entities:

Both circulars establish the framework for identifying large corporates and their obligations regarding debt securities issuance in the Indian capital markets.

Company Declaration

IST Limited has confirmed through its official communication that it does not meet the criteria to be classified as a 'Large Corporate' within the meaning of the aforementioned SEBI circular. This declaration provides regulatory clarity regarding the company's compliance obligations and fund raising capabilities.

Authorization and Documentation

The declaration was digitally signed and submitted by Bhupinder Kumar, Company Secretary of IST Limited, bearing membership number A15871. The document was formally addressed to BSE Limited's Department of Corporate Services and includes the company's scrip code 508807.

Company Information

IST Limited operates with its head office located at A-23, 2nd Floor, New Office Complex, Defence Colony, New Delhi, while maintaining its registered office and factory at Dharuhera Industrial Complex in Haryana. The company holds CIN L33301HR1976PLC008316 and has been incorporated since 1976.

IST Limited has officially filed its postal ballot results with BSE Limited following the successful completion of e-voting on March 22, 2026. The company submitted the regulatory intimation on March 24, 2026, confirming that both ordinary resolutions were passed with overwhelming shareholder support.

Regulatory Filing and Compliance

The company filed its intimation under Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Bhupinder Kumar submitted the official documentation to BSE Limited, including the scrutinizer's report and detailed voting results.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through e-voting means, with the voting period running from February 21, 2026 (9:00 AM) to March 22, 2026 (5:00 PM). Mr. Vinod Kumar Aneja of M/s. Vinod Kumar & Co., Company Secretaries, served as the appointed scrutinizer.

Detailed Voting Results

Both resolutions received identical voting patterns, with strong support from public non-institutional shareholders. The voting was conducted in accordance with regulatory requirements, with promoter votes being excluded from the final tally.

Resolution Details and Subsidiary Focus

Both approved resolutions concerned remuneration increases for executives in Gurgaon Infospace Limited, the company's wholly owned subsidiary:

Resolution 1: Approval for increase in remuneration of Mrs. Shweta Gupta, who holds an office or place of profit in Gurgaon Infospace Limited.

Resolution 2: Approval for increase in remuneration of Mrs. Priyankka Guptaa, who holds an office or place of profit in Gurgaon Infospace Limited.

Invalid Votes and Regulatory Compliance

A significant aspect of the voting process involved the treatment of promoter group votes. E-voting by promoters totaling 8,155,104 votes were considered invalid and excluded from the final tally for both resolutions, in compliance with regulatory requirements.

The scrutinizer confirmed that both ordinary resolutions were passed with the requisite majority, with the results being deemed approved on March 22, 2026. The entire process was conducted transparently with proper witness verification during the vote unblocking process by Mr. Jitesh Kumar and Mr. Prince Sharma.