Kaira Can Company Limited has successfully completed its postal ballot process for the appointment of a new Non-Executive Nominee Director, with shareholders demonstrating overwhelming support for the corporate governance initiative. The company submitted the voting results to BSE Limited on January 12, 2026, marking the conclusion of a comprehensive shareholder consultation process.

Appointment Details and Resolution

The postal ballot sought approval for the appointment of Shri Dhiraj Kumar Chaudhary (DIN 11343722) as a Non-Executive Nominee Director on the company's Board through an ordinary resolution. The appointment process was conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.

Voting Process and Timeline

The remote e-voting facility was made available to shareholders from 09:00 a.m. on December 13, 2025, until 05:00 p.m. on January 11, 2026. Central Depository Services (India) Limited (CDSL) provided the electronic voting platform, ensuring a transparent and accessible voting process for all eligible members.

The postal ballot notice was dispatched on December 9, 2025, to all eligible shareholders whose names appeared in the Register of Members as of December 5, 2025. The company published advertisements in The Free Press Journal (English) and Navshakti (Marathi) on December 10, 2025, to inform shareholders about the voting process.

Comprehensive Voting Results

The scrutinizer's report revealed strong shareholder support across all categories, with 379,199 total votes cast representing 41.12% of the company's outstanding shares.

Scrutinizer Certification and Compliance

Prashant S. Mehta of P. Mehta & Associates, Practising Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors on November 14, 2025, and confirmed compliance with all applicable regulations including SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The scrutinizer's report confirmed that 1,672 shareholders participated in the voting process, with 38 shareholders voting in favour and only 2 shareholders voting against the resolution. No invalid votes or abstentions were recorded during the process.

Regulatory Compliance and Documentation

The company fulfilled all regulatory requirements under Regulation 44(3) of SEBI Listing Regulations by submitting comprehensive voting results along with the scrutinizer's report to BSE Limited. Company Secretary Hiten Vanjara signed the submission documents, ensuring proper corporate governance protocols were followed throughout the appointment process.

The resolution was deemed approved on January 11, 2026, the last date of the voting period, with the appointment receiving the requisite majority as mandated by applicable corporate laws and regulations.

Kaira Can Company Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance across its business segments. The company also announced plans to seek shareholder approval for a new director appointment.

Financial Performance

For Q2 FY2026, Kaira Can reported:

The company's total income saw a modest increase of 4.12% year-over-year, rising from Rs. 5,358.55 lakhs in Q2 FY2025 to Rs. 5,579.38 lakhs in Q2 FY2026. However, net profit declined by 21.03%, dropping from Rs. 50.25 lakhs to Rs. 39.68 lakhs over the same period.

Segment Performance

Kaira Can's business is divided into two main segments:

1. Tin Containers: This segment generated revenue of Rs. 5,476.40 lakhs in Q2 FY2026, contributing the majority of the company's income. The segment result was positive at Rs. 124.78 lakhs.

2. Ice-Cream Cones (Waffles & Wafers): This segment reported revenue of Rs. 97.65 lakhs but posted a loss of Rs. 42.70 lakhs for the quarter.

Corporate Actions

The Board of Directors has approved initiating a postal ballot process to seek shareholder approval for the appointment of Mr. Dhiraj Kumar Chaudhary as a Non-Executive Director. Mr. Chaudhary is nominated by Gujarat Co-operative Milk Marketing Federation Limited (GCMMF Limited) and will be liable to retire by rotation if appointed.

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs. 12,559.97 lakhs
• Total Equity: Rs. 8,944.36 lakhs
• Current Liabilities: Rs. 3,362.47 lakhs

Auditor's Review

G D Apte & Co, the company's statutory auditors, have conducted a limited review of the financial results and expressed an unmodified opinion, stating that nothing has come to their attention that causes them to believe the financial statements are not prepared in accordance with applicable accounting standards and regulations.

While Kaira Can Company has shown resilience in its tin container segment, challenges persist in its ice cream cones business. The company's efforts to strengthen its board through the proposed director appointment may be aimed at addressing these mixed results.