Deepak Spinners Issues Postal Ballot Notice for MOA and AOA Amendments

Deepak Spinners Limited has issued a comprehensive postal ballot notice to shareholders for seeking approval on special resolutions regarding alterations to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The company filed the notice with BSE Limited under Regulation 30 of SEBI Listing Regulations on December 30, 2025.

Postal Ballot Process and Timeline

The company has established a detailed timeline for the postal ballot process, with electronic voting as the sole method for shareholder participation:

Event	Date/Time
Board Resolution Authorization	December 15, 2025
Cut-off Date for Eligible Shareholders	December 26, 2025
Notice Dispatch Completion	December 30, 2025
E-voting Commencement	January 1, 2026 (9:00 AM IST)
E-voting End Date	January 30, 2026 (5:00 PM IST)
Resolution Deemed Passed Date	January 30, 2026
Scrutinizer Report Submission	January 31, 2026
Results Declaration	February 3, 2026

Special Resolutions for Approval

Shareholders will vote on two special resolutions through the remote e-voting system provided by Central Depository Services (India) Limited (CDSL).

Resolution 1: Memorandum of Association Amendment

The first resolution proposes significant changes to the company's MOA, including:

Amendment Details	Specifications
Clause iii(B) Title Change	Renamed as "Matters necessary for furtherance of objects"
Sub-clause 49 Replacement	Enhanced power generation and distribution provisions
Clause iii(C) Deletion	Complete removal of "Other Objects" clause
Power Generation Scope	Conventional/non-conventional methods including solar, wind, hydel, thermal
Business Purpose	Captive generation, consumption, and third-party power sales

Resolution 2: Articles of Association Amendment

The second resolution focuses on inserting new definitions in the AOA:

New Definitions	Description
Power Purchase Agreement (PPA/PPWA)	Agreements with government companies, transmission, distribution companies
Projects Definition	Solar, wind hybrid, conventional/non-conventional power projects
Project Scope	Captive generation, government supply, third-party sales
Land Arrangements	Ownership, leased, or other arrangements for project setup

Shareholder Eligibility and Voting Process

Members whose names appear in the Register of Members or Beneficial Owners as of December 26, 2025, are eligible to participate in the postal ballot. The company has appointed Shri Ajay K. Arora, Practicing Company Secretary (Membership No. FCS 2191, Certificate of Practice No. 993), as the scrutinizer for the voting process.

Business Rationale

The proposed amendments stem from the company's existing solar power operations, including a 7 MW solar power plant at Guna and 1 MW solar power plant at Rajgarh in Madhya Pradesh. These facilities generate electricity for captive consumption at the company's manufacturing facility in Village Pagara, District Guna. The amendments align with the Electricity Act, 2003, and Madhya Pradesh government guidelines requiring appropriate MOA and AOA provisions for captive power generation and consumption.

Communication and Compliance

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with Maheshwari Datamatics Pvt. Ltd, the company's Registrar and Share Transfer Agent, or with Depository Participants. The notice is also available on the company's website ( www.dsl-india.com ), BSE website, and CDSL's e-voting portal ( www.evotingindia.com ).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.54%	-10.68%	-11.19%	-27.64%	-40.44%	+19.90%

Deepak Spinners Limited, a prominent player in the textile industry, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance reflects stability in a challenging market environment.

Financial Highlights

Particulars	Q2 FY2026 (in Rs. Crore)
Revenue from Operations	135.47
Total Expenses	132.84
Profit Before Tax	2.63
Total Assets	326.23
Total Equity	223.30

Key Takeaways

Revenue Performance: Deepak Spinners reported a revenue from operations of Rs. 135.47 crore for the quarter ended September 30, 2025.
Profitability: The company maintained profitability with a profit before tax of Rs. 2.63 crore, despite challenging market conditions.
Balance Sheet: As of September 30, 2025, the company's total assets stood at Rs. 326.23 crore, showing a slight decrease from Rs. 332.52 crore in the previous period.
Equity Position: The total equity remained robust at Rs. 223.30 crore, indicating a strong financial foundation.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The board meeting, held on November 4, 2025, commenced at 4:17 p.m. and concluded at 5:15 p.m., demonstrating the company's commitment to timely disclosure and transparency.

Regulatory Compliance

In adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Deepak Spinners Limited promptly filed its unaudited financial results with the BSE Limited. This compliance underscores the company's dedication to maintaining good corporate governance practices and keeping shareholders informed.

The textile industry continues to face various challenges, including market volatility and economic uncertainties. Deepak Spinners' ability to maintain profitability in this environment suggests resilience in its business model and operational efficiency.