Samyak International Limited has successfully concluded its postal ballot process for the proposed divestment of equity share capital held in its material subsidiary company, Alpha Tar Industries Private Limited. The company announced the completion of e-voting results and scrutinizer's report on March 05, 2026, demonstrating strong shareholder support for the strategic corporate action.

Postal Ballot Resolution Details

The Board of Directors had appointed CS Ajit Jain, Proprietor of M/s. Ajit Jain & Co., as scrutinizer for conducting the postal ballot process on January 30, 2026. The resolution sought approval for the divestment under Section 180(1)(a) of the Companies Act, 2013, read with Regulation 24(5) and 37A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results and Shareholder Participation

The postal ballot process demonstrated exceptional shareholder support, with the resolution passing by an overwhelming majority. The e-voting facility was provided through Central Depository Services (India) Limited (CDSL) to ensure a transparent and secure voting process.

Scrutinizer's Report and Compliance

CS Ajit Jain submitted his scrutinizer's report confirming that the special resolution was passed with the requisite majority on March 04, 2026. The voting process was conducted in strict compliance with the Companies Act, 2013, and SEBI regulations, ensuring transparency and fairness throughout the procedure.

The scrutinizer reported that 99 members voted in favour with 2,875,020 votes, while only 3 members voted against with 8 votes. The resolution is deemed passed on the last date of voting, March 04, 2026, as the number of votes in favour exceeded three times the number of votes against.

Corporate Governance and Process

The company followed all regulatory requirements for the postal ballot process, including proper notice distribution and advertisement in newspapers. The e-voting process was unblocked in the presence of independent witnesses, Mr. Nirek Huddar and Ms. Ishita Chouhan, ensuring complete transparency.

The successful completion of this postal ballot enables Samyak International Limited to proceed with the divestment of its material subsidiary, reflecting strong shareholder confidence in the company's strategic decisions and corporate governance practices.

Samyak International Limited has filed its unaudited financial results for the third quarter of fiscal year 2026 with BSE Limited on February 14, 2026. The submission includes both standalone and consolidated financial statements for the quarter and nine months ended December 31, 2025, prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Documentation

The company submitted comprehensive documentation to fulfill its regulatory obligations under SEBI guidelines. Company Secretary and Compliance Officer Nancy Jain signed the submission letter, confirming adherence to all applicable disclosure requirements.

Auditor Review and Certification

M/s. Ashok Khasgiwala & Co. LLP, the company's statutory auditor, conducted limited reviews of both standalone and consolidated financial results. The auditor issued separate review reports confirming that the financial statements comply with Indian Accounting Standard 34 (Ind AS 34) for Interim Financial Reporting and other applicable accounting principles.

The review was conducted in accordance with Standard on Review Engagement (SRE) 2410, which requires moderate assurance regarding material misstatements in financial statements. The auditor confirmed that nothing came to their attention suggesting non-compliance with regulatory disclosure requirements.

Consolidated Entity Structure

The consolidated financial results include the performance of Samyak International Limited along with its subsidiaries and associate company. The group structure encompasses multiple business entities across different sectors.

SEBI Compliance Disclosures

As part of the regulatory filing, Samyak International confirmed that several standard SEBI disclosure requirements were not applicable to the current quarter's results. These included statements on deviation of public issue proceeds, outstanding loan defaults, related party transactions, and audit qualification impacts.

The company maintained its registered office at B-1014, 10th Floor, Damji Shamji Corporate Square, Laxmi Nagar, Ghatkopar (East) Mumbai, while operating from its corporate office in Indore, Madhya Pradesh. The submission demonstrates the company's commitment to maintaining transparent financial reporting and regulatory compliance standards.