Arcee Industries Limited has dispatched its postal ballot notice to shareholders for the disposal of immovable property at its registered office in Haryana. The company submitted the notice to BSE Limited on January 5, 2026, initiating the formal voting process for this significant corporate action under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Notice Details

The postal ballot notice seeks shareholder approval for a special resolution under Section 180(1)(a) of the Companies Act, 2013. The voting process and key parameters are outlined below:

Property Disposal Resolution

The special resolution seeks approval for the sale, transfer, or disposal of the company's immovable property located at the registered office. The property specifications and approval framework are detailed below:

Scrutinizer and Compliance

The board has appointed a qualified scrutinizer to oversee the postal ballot process and ensure regulatory compliance:

Rationale for Property Disposal

According to the explanatory statement, the company previously sold plant and machinery to pay raw material suppliers, but the realized amount was insufficient to fully settle creditor payments. With creditors threatening legal action and pending recoveries under advances from customers and security deposits, the board considers the sale of land and building inevitable for creditor payment and to avoid legal complications.

E-Voting Process

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. Shareholders whose names appear in the Register of Members or Beneficial Owners as of the cut-off date will be eligible to vote electronically. The notice has been sent electronically to all registered email addresses and is available on the company website at www.arceeindustries.in and NSDL's e-voting portal.

The postal ballot represents a crucial step in the company's asset management strategy, requiring shareholder approval for this significant property transaction under statutory provisions.

Arcee Industries Limited , a company operating in the PVC and steel pipes segment, has reported its financial results for the second quarter of fiscal year 2025, revealing a widening loss and significant changes in its operations.

Financial Performance

The company's financial results for Q2 FY2025 show a deterioration in its financial position:

For the half-year period, Arcee Industries reported a net loss of Rs 29.04 lakh, compared to Rs 23.94 lakh in the corresponding period of the previous year, indicating a 21.30% increase in losses.

Operational Changes

The company has undergone significant operational changes:

1. Segment Operations: Arcee Industries operates in two segments - PVC pipes and steel pipes. However, the company reported no current manufacturing activities in either segment.

2. Asset Divestment: During the quarter, the company sold the entire fixed assets and plant machinery of its steel pipes unit.

3. Ongoing Divestment: The company is in the process of selling its remaining plant and machinery, signaling a potential shift in its business model or restructuring efforts.

4. Other Income: The company reported a loss of Rs 7.79 lakh in the 'Other Income' category, primarily attributed to the sale of plant and machinery.

Management's Disclosure

As per the limited review report submitted by the statutory auditor, the Board of Directors approved the unaudited financial results for the quarter and half-year ended September 30, 2025, in a meeting held on November 13, 2025. The board meeting commenced at 14:30 PM and concluded at 15:00 PM.

Outlook

The sale of assets and the absence of current manufacturing activities raise questions about Arcee Industries' future operational strategy. Investors and stakeholders may need to closely monitor the company's next steps and any potential restructuring plans that may be announced in the coming quarters.

While the company has seen a slight increase in revenue from operations, the widening losses and asset sales indicate significant challenges. The management's plans for utilizing the proceeds from asset sales and any potential pivot in business strategy will be crucial factors to watch in the near future.