Deepak Spinners Limited has successfully concluded its postal ballot voting process and filed the official scrutinizer's report with BSE Limited on February 2, 2026. The company announced results for two special resolutions with strong shareholder approval, completing all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Process Overview

The postal ballot process was conducted through remote e-voting mechanism over a 30-day period. The voting commenced on January 1, 2026, and concluded on January 30, 2026, at 5:00 p.m. (IST).

Shareholder Participation

The voting process witnessed participation from both promoter and public categories. Among the 32 shareholders who participated, 10 were from the Promoter & Promoter Group category, while 22 represented the public shareholders.

Resolution Results

Both special resolutions presented to shareholders achieved passage with identical voting patterns and overwhelming support.

Resolution 1: Alteration in Memorandum of Association

The first special resolution regarding alteration in the Memorandum of Association received strong approval across all shareholder categories.

Resolution 2: Alteration of Articles of Association

The second special resolution for alteration of Articles of Association received identical voting results, demonstrating consistent shareholder support.

Scrutinizer's Report and Regulatory Compliance

Ajay K. Arora, Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The Board of Directors appointed him during their meeting held on December 15, 2025. The scrutinizer confirmed that both resolutions were passed with requisite majority through the e-voting process conducted by Central Depository Services (India) Limited (CDSL).

The company has fulfilled its regulatory obligations by submitting the voting results and scrutinizer's report to BSE Limited under scrip code 514030. Company Secretary Puneeta Arora digitally signed and filed the documents on February 2, 2026, confirming the completion of the postal ballot process and ensuring full compliance with applicable regulations.

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:

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:

Resolution 2: Articles of Association Amendment

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

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 ).