Arcee Industries Limited has disclosed the comprehensive voting results of its 1st Extra-Ordinary General Meeting (EGM) held on February 21, 2026, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, chaired by Mrs. Shruti Gupta, Whole Time Director, successfully passed all five special resolutions with overwhelming shareholder support.

Meeting Overview and Participation

The EGM recorded significant shareholder participation with detailed voting statistics now available. The company had 6,974 total shareholders as of the cut-off date of February 14, 2026, with 35 shareholders attending the meeting in person.

Comprehensive Voting Results

All five special resolutions were approved with requisite majority, demonstrating strong shareholder confidence. The voting process combined remote e-voting (conducted from February 18-20, 2026) and physical ballot voting at the meeting venue.

Stakeholder-wise Voting Pattern

The voting results revealed strong support across stakeholder categories. Promoter and Promoter Group shareholders, holding 1,263,262 shares, cast 509,357 votes with 100.00% approval for all resolutions. Public shareholders demonstrated equally strong support, with 492,132 votes in favour and only 2,100 votes against across all resolutions.

Regulatory Compliance and Scrutinizer Report

CS Chandan Jha of M/s. Chandan J & Associates, appointed as scrutinizer, supervised the entire voting process and submitted the consolidated results. The scrutinizer confirmed that 41 members participated in voting, with 6 members using remote e-voting facility and 35 members voting at the venue. The voting process was conducted in strict compliance with Section 108 of the Companies Act, 2013 and related rules.

Corporate Governance Excellence

The successful completion of the EGM with overwhelming shareholder approval reflects Arcee Industries' commitment to transparent corporate governance. The company ensured proper notice distribution through electronic mode and published voting information in Financial Express (English) and Jansatta (Hindi) newspapers on February 01, 2026. The detailed voting results have been submitted to BSE Limited under security code 520121, ensuring complete regulatory compliance and stakeholder transparency.

Arcee Industries Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, alongside several major corporate restructuring decisions approved by the board of directors on January 29, 2026.

Financial Performance Q3 FY26

The company reported a net loss of Rs 6.21 lakh for Q3 FY26, representing a 25.45% increase in losses compared to Rs 4.95 lakh loss in Q3 FY25. Revenue from operations stood at Rs 1.31 lakh for the quarter, while the company recorded negative other income of Rs 7.79 lakh in the previous quarter.

For the nine months ended December 31, 2025, the company's net loss widened to Rs 35.25 lakh compared to Rs 30.04 lakh in the corresponding period of FY25, with total income declining significantly to Rs 1.70 lakh from Rs 27.54 lakh.

Major Board Decisions and Corporate Actions

The board approved several significant corporate restructuring measures during their meeting on January 29, 2026:

Executive Leadership Changes

Two new executive directors were appointed as additional directors:

Capital Structure Enhancement

The board approved increasing the authorized share capital from Rs 10 crore to Rs 30 crore, with the number of equity shares expanding from 1 crore to 3 crore shares of Rs 10 each. This proposal requires shareholder approval at the upcoming Extraordinary General Meeting.

Preferential Issue of Warrants

A major fundraising initiative was approved involving the issuance of up to 2.25 crore convertible warrants:

The warrants carry conversion rights to equity shares with 25% payment required at subscription and 75% on exercise. Major proposed allottees include Ajay Kumar Gupta (10 lakh warrants), Anuj Gupta and Amit Gupta (20 lakh warrants each), and various other public investors.

Operational Status and Auditor Changes

The company continues to face operational challenges with no manufacturing activities currently underway. During the second quarter, the entire fixed assets and plant machinery of the steel pipes unit were sold, with other income reflecting losses on sale of plant and machinery.

In a significant development, the statutory auditors M/s Jain Mittal Chaudhary & Associates resigned with immediate effect from January 29, 2026, citing their decision to step down from their role.

Upcoming Shareholder Meeting

An Extraordinary General Meeting has been scheduled for February 21, 2026, at 4:00 PM to seek shareholder approval for the authorized capital increase, preferential warrant issue, and director appointments. CS Chandan Jha has been appointed as scrutinizer for the meeting.

The company's paid-up equity share capital remains at Rs 513.88 lakh as of December 31, 2025, with the business operating across two segments: PVC pipes and steel pipes, though both segments reported losses during the quarter.