Acknit Industries Limited has successfully concluded its postal ballot process, announcing the results of voting conducted entirely through remote e-voting from November 19 to December 18, 2025. The company submitted the scrutinizer's report and voting results to BSE Limited and The Calcutta Stock Exchange Limited on December 18, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The postal ballot was conducted under the supervision of Ms. Rekha Goenka, Proprietor of M/s Rekha Goenka & Associates and Company Secretary in Practice (Membership No. FCS12590), who was appointed as the scrutinizer by the Board of Directors in their meeting held on October 24, 2025. The process was carried out in accordance with Sections 108 and 110 of the Companies Act, 2013, and related rules.

Key process parameters included:

Resolutions and Voting Results

Two resolutions were put to vote during the postal ballot process, both of which were successfully passed.

Special Resolution - Amendment to Memorandum of Association

The first resolution sought approval for amendment in the main Object Clause of the Memorandum of Association of the Company. The voting results were:

Ordinary Resolution - Material Related Party Transaction

The second resolution was for approval of material related party transaction(s) between Acknit Industries Limited and Safewell Industries. The voting outcome was:

Compliance and Documentation

The company ensured full regulatory compliance throughout the process. The postal ballot notice was dispatched electronically on November 18, 2025, to members whose email addresses were registered with the company. Additionally, advertisements regarding the postal ballot were published in Business Standard (Kolkata Edition in English) and Ekdin (Kolkata Edition in Bengali) on November 19, 2025.

The notice was also made available on multiple platforms including the company's website ( www.acknitindia.com ), BSE Limited's website ( www.bseindia.com ), and NSDL's e-voting portal. The vote unblocking process was conducted in the presence of two independent witnesses - Mr. Navneet Agarwal and Ms. Indra Goenka, who confirmed the transparent conduct of the process.

Corporate Governance

The successful completion of the postal ballot demonstrates the company's commitment to corporate governance and shareholder participation. Ms. Sneha Gupta, Company Secretary and Compliance Officer (Membership No. A74327), coordinated the entire process and submitted the required documentation to the stock exchanges.

All electronic data and relevant records of e-voting have been handed over to the Company Secretary for safekeeping, ensuring proper maintenance of corporate records. The scrutinizer's report confirms that the voting process was conducted in a fair and transparent manner, with all regulatory requirements being met.

Acknit Industries Limited has announced the closure of operations at one segment of its manufacturing unit located in Unit-1 of Falta Special Economic Zone (SEZ). The decision, approved by the company's Board of Directors on October 24, 2025, comes in response to increased US tariffs and a lack of fresh orders from other countries.

Reasons for Closure

The company cited two primary factors leading to this decision:

1. Increased US tariffs
2. Lack of fresh orders from other countries

These factors have made production at the affected segment unsustainable in the competitive market.

Impact on Company Financials

Despite the closure, Acknit Industries has assured stakeholders that the impact on the company's overall performance will be minimal:

Mitigation Measures

The company's directors are taking proactive steps to address the situation:

• Implementing measures to substitute manufacturing output through viable alternatives
• Ensuring the closure will not adversely affect the company's financials

Closure Timeline and Approval

The exact date of closure is yet to be determined, as it is subject to approval from the appropriate authorities.

Scope of Closure

It's important to note that the closure affects only one segment of Unit-1 in the Falta SEZ. The unit is divided into separate segments, and operations will continue in the unaffected areas.

This strategic move by Acknit Industries demonstrates the company's adaptability in the face of challenging global trade conditions. By closing an underperforming segment while maintaining overall operations, the company aims to optimize its manufacturing footprint and maintain its competitive edge in the market.

Investors and stakeholders will be keen to observe how this decision impacts Acknit Industries' performance in the coming quarters, particularly in light of the ongoing global trade tensions and tariff challenges.