Adtech Systems Limited has issued a postal ballot notice dated February 25, 2026, seeking shareholder approval for the re-appointment of three Independent Directors for their second terms. The company is conducting this process through electronic voting only, in compliance with regulatory requirements and MCA circulars under Regulation 30 of SEBI LODR.

Directors Proposed for Re-appointment

The postal ballot seeks approval for re-appointing three Independent Directors for second terms of five consecutive years each:

All three directors were initially appointed as Independent Directors on March 31, 2021, and their current terms expire on March 30, 2026. The Board of Directors, at its meeting held on February 14, 2026, approved and recommended these re-appointments based on the Nomination and Remuneration Committee's recommendations and performance evaluations.

E-Voting Process and Timeline

The company has established a comprehensive timeline for the postal ballot process:

The remote e-voting period spans approximately one month, providing shareholders adequate time to participate in the voting process. The company has engaged Central Depository Services Limited (CDSL) as the agency to provide remote e-voting facility.

Regulatory Compliance and Stock Exchange Communication

The postal ballot notice has been formally communicated to both The Metropolitan Stock Exchange of India Limited (MSEI) and BSE Limited, with the company's stock symbol ADTECH and ISIN INE257C01014. The process complies with various regulatory requirements including Sections 108 and 110 of the Companies Act, 2013, SEBI LODR Regulations, and applicable MCA circulars.

Director Profiles and Expertise

Shri Harikrishnan Rajabhusanan Nair brings extensive experience as a practicing Company Secretary with 25 years of practice and 4 years in employment. He holds B Com, LLB, and FCS qualifications and serves as Chairman of the Audit Committee and CSR Committee.

Shri Dr M Ayyappan possesses vast experience in business management and strategy formation, with qualifications including B Tech in Mechanical Engineering, MBA, and Doctorate in Management. He serves as a member of the Audit Committee.

Shri Suresh Viswanathan is an expert in Governance, Risk and Compliance (GRC) with over four decades of experience. He holds FCS qualification and serves as Chairman of the Nomination & Remuneration Committee.

Scrutiny and Results Declaration

The company has appointed Mr. P Sajee Nair, Practising Company Secretary (Membership No. FCS 8705), as the Scrutinizer to conduct the postal ballot process. The results will be announced within 2 working days of the e-voting period's end and communicated to stock exchanges, depositories, and displayed on the company's website.

Shareholder Participation Requirements

Only shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of February 20, 2026, will be entitled to vote. The notice is being sent electronically to members whose email addresses are registered with the company or depositories, in compliance with MCA circulars regarding electronic-only voting processes. Physical ballot forms will not be distributed as per the latest MCA circular guidelines.

Adtech Systems Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showing a notable decline in operational performance compared to the previous year. The BSE-listed company's board meeting held on February 14, 2026, approved these results along with several governance decisions.

Financial Performance Overview

The company's quarterly performance reflected challenging market conditions with significant revenue contraction across key metrics:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance showed similar declining trends:

Segment-wise Performance

The company operates primarily in two segments - Electronic Security Systems and Solar Projects. The Electronic Security Systems division generated revenue of ₹800.30 lakhs in Q3 FY26 compared to ₹1148.71 lakhs in Q3 FY25. The Solar Project segment contributed ₹2.06 lakhs versus ₹2.77 lakhs in the corresponding previous quarter.

Balance Sheet Position

As of December 31, 2025, the company maintained a strong balance sheet with total assets of ₹6555.02 lakhs compared to ₹6098.86 lakhs in the previous year. The equity base stood at ₹5482.29 lakhs, reflecting financial stability despite operational challenges.

Board Decisions and Governance

The board approved several important governance matters during the meeting:

The directors recommended for re-appointment include Shri Harikrishnan Rajabhushanan Nair, Shri Dr M Ayyappan, and Shri Suresh T Viswanathan, subject to special resolution approval by shareholders through postal ballot e-voting.