Avinash Sethi, a promoter of Infobeans Technologies Ltd, has disclosed the sale of equity shares through an open market transaction, as per the regulatory filing under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share sale transaction involved 10,254 equity shares, representing 0.04% of the company's total share capital. The transaction was executed through open market sale on February 19, 2026.

Shareholding Pattern Changes

Prior to this transaction, Avinash Sethi held 5,879,350 shares, representing 24.25% of the company's total share capital. Following the sale, his shareholding has been reduced to 5,869,096 shares, constituting 24.21% of the total equity.

Company Capital Structure

Infobeans Technologies Ltd maintains its equity share capital at 2,42,39,860 equity shares of Rs. 10 each. The company's shares are listed on both the National Stock Exchange of India Ltd and BSE Ltd. The total diluted share capital remains unchanged following this transaction.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As a promoter of the company, Avinash Sethi is required to disclose any changes in his shareholding pattern to ensure transparency for investors and regulatory compliance.

The transaction represents a minor adjustment in the promoter's holding, with no impact on the company's overall capital structure or operational framework.

Infobeans Technologies Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving critical corporate restructuring proposals. The voting process, conducted under the supervision of appointed scrutinizer Manish Maheshwari of M. Maheshwari & Associates, concluded on February 22, 2026.

Voting Process and Timeline

The postal ballot notice was issued on January 22, 2026, with the remote e-voting window opening on Saturday, January 24, 2026, at 9:00 hours IST and closing on Sunday, February 22, 2026, at 17:00 hours IST. The company ensured compliance with regulatory requirements by publishing public advertisements in "Business Standard" (English Edition) and "Choutha Sansar" (Hindi Edition) on January 24, 2026.

The voting process was conducted in accordance with Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014, and SEBI Listing Regulations. CDSL served as the authorized agency providing the e-voting platform for shareholders.

Shareholder Participation

Resolution Results

Shareholders voted on two ordinary resolutions with the following outcomes:

The first resolution pertained to the approval for increasing the authorized share capital and consequent alteration to the Capital Clause of the Memorandum of Association. This proposal received unanimous support with 100% of votes cast in favor.

The second resolution concerned the approval for issuing bonus equity shares to existing shareholders. This proposal garnered strong support with 99.73% approval, demonstrating substantial shareholder confidence in the company's growth strategy.

Scrutinizer's Declaration

Manish Maheshwari, Company Secretary in Practice (FCS 5174, CP 3860), conducted the scrutiny process in the presence of two independent witnesses - Ms. Palak Garg and Mr. Chayesh Garg, who are not employees of the company. The votes were unblocked on February 22, 2026, following the closure of the voting window.

The scrutinizer confirmed that both resolutions achieved the requisite majority of votes and declared them as passed. All electronic voting records will be maintained in safe custody until the Managing Director approves and signs the minutes, after which they will be transferred to the Company Secretary for safekeeping.

Regulatory Compliance

The postal ballot process was conducted in full compliance with the Companies Act, 2013, MCA circulars including General Circular No. 09/2024 dated September 19, 2024, and General Circular No. 3/2025 dated September 22, 2025. The company also adhered to SEBI Listing Regulations and Secretarial Standards on General Meetings issued by the Institute of Company Secretaries of India.