Excel Realty N Infra Limited has successfully concluded its postal ballot process, with shareholders demonstrating overwhelming support for all 11 proposed resolutions. The company announced the results on January 23, 2026, following the completion of e-voting through Central Depository Services (India) Limited (CDSL) platform.

Postal Ballot Process and Timeline

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company dispatched postal ballot notices electronically on December 23, 2025, to shareholders whose names appeared in the register of members as of the cut-off date of December 19, 2025.

Board Restructuring and Leadership Changes

Shareholders approved significant changes to the company's board composition and leadership structure. The resolutions included the appointment of Mr. Garvit Agarwal (DIN: 08560082) as Whole Time Director, which received 99.97% approval from 366 members casting 266,607,586 votes in favor.

Ms. Runel Saxena (DIN: 10424170) was appointed as Non-Executive Independent Director with 99.98% approval from 376 members. The board also approved the re-designation of Mr. Ankit Mehra (DIN: 07669838) from Whole-Time Director to Managing Director, receiving 99.99% support.

Corporate Restructuring Initiatives

The company secured approval for fundamental corporate changes, including an increase in authorized share capital and consequent alteration to the capital clause of the memorandum of association. This resolution received support from 382 members, with 266,554,329 votes cast in favor, representing 99.95% approval.

Shareholders also approved the amendment to the object clause of the memorandum of association, with 377 members casting 266,563,166 votes in favor (99.95% approval). Additionally, the company name change resolution and consequent alterations to the name clause received overwhelming support with 99.95% approval.

Financial and Investment Approvals

The postal ballot addressed several financial matters crucial for the company's growth strategy. Shareholders approved the creation of mortgage or charge on company assets under Section 180(1)(A) of the Companies Act, with 365 members casting 266,313,461 votes in favor (99.86% approval).

The increase in borrowing limits under Section 180(1)(C) of the Companies Act received 99.95% approval, while resolutions regarding investment limits for Non-Resident Indians and Foreign Institutional Investors both secured 99.97% approval rates.

Scrutinizer Report and Compliance

NVB & Associates, appointed as scrutinizers for the postal ballot process, confirmed that all procedural requirements were met. The scrutinizer verified e-voting data after CDSL disabled the e-voting module and unblocked electronic votes in the presence of two witnesses not employed by the company. No invalid votes were recorded for any of the 11 resolutions, demonstrating the integrity of the voting process.

The successful completion of this postal ballot positions Excel Realty N Infra Limited for its next phase of growth, with enhanced capital structure, strengthened board composition, and expanded financial flexibility to pursue strategic initiatives.

Excel Realty N Infra Limited has announced that its Board of Directors will convene on January 29, 2026, to review the company's third quarter financial performance for FY26. The meeting, scheduled to be held at the company's registered office in Mumbai, will address key corporate governance matters and financial disclosures as mandated by regulatory requirements.

Board Meeting Agenda

The board meeting has been convened to consider two primary matters of significant corporate importance. The directors will deliberate on the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, which represents the third quarter of the current financial year. Additionally, the board will consider the appointment of an additional non-executive independent director to strengthen the company's governance structure.

Regulatory Compliance and Disclosure

The company has fulfilled its obligation under Regulation 29 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, by providing advance notice to both the Bombay Stock Exchange and National Stock Exchange of India. Excel Realty N Infra Limited has committed to sharing the unaudited standalone and consolidated financial results with the exchanges immediately upon conclusion of the board meeting, ensuring timely disclosure to stakeholders and market participants.

Trading Window Restrictions

In accordance with insider trading regulations, the company has implemented trading window restrictions for designated persons and their immediate relatives. The trading window, which was closed from January 1, 2026, will remain shut until 48 hours after the official announcement of the unaudited financial results for the quarter ended December 31, 2025. This measure ensures compliance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders.

Corporate Communication

The formal communication regarding the board meeting was signed by Ankit Mehra, Managing Director of Excel Realty N Infra Limited, bearing DIN 07669838. The notification was digitally signed and dispatched to both major stock exchanges on January 19, 2026, providing adequate advance notice as required by regulatory guidelines. The company maintains its registered office at Solaris Complex in Powai, Mumbai, where the upcoming board meeting will be conducted.