SGL Resources Limited Completes Compliance with NCLT Share Transfer Order

SGL Resources Limited has successfully completed compliance with directions issued by the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding mandatory share transfers. The company announced the completion of all required actions stemming from the tribunal's order dated February 24, 2025.

Compliance Actions Completed

The company has fulfilled both primary requirements mandated by the NCLT order through systematic implementation of the tribunal's directions.

Action Required	Status	Details
Register Rectification	Completed	Names of previous shareholders deleted and petitioners' names inserted
Share Transfer	Completed	Shares transferred and credited to petitioners' demat accounts
Joint Holder Addition	Completed	First joint holder name added as directed

Regulatory Framework and Process

The compliance process adhered to multiple regulatory frameworks to ensure complete legal conformity. The company followed provisions under the Companies Act 2013, SEBI Regulations, and Depository Regulations throughout the implementation process.

SGL Resources confirmed that the Register of Members has been duly rectified by removing the names of persons previously holding the subject shares. Subsequently, the names of the petitioners along with the first joint holder were inserted as specifically directed by the tribunal.

Share Transfer Execution

The actual share transfer process involved crediting the subject shares to the demat accounts of the petitioners. This transfer was executed in accordance with the NCLT's specific directions and applicable regulatory provisions.

Parameter	Details
Transfer Method	Demat Account Credit
Regulatory Compliance	Companies Act 2013, SEBI & Depository Regulations
Financial Impact	No Material Impact

Company Statement and Confirmation

SGL Resources Limited has provided formal confirmation that all directions from the NCLT have been fully implemented without any material financial impact on the company's operations. The compliance notification was submitted under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company's Whole Time Director, Kantilal Vrajlal Ladani, signed the compliance notification, confirming the successful completion of all tribunal-mandated actions. This development represents the conclusion of the share transfer matter that was initially brought before the NCLT Ahmedabad Bench.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	+0.33%	-11.01%	-34.82%	-49.34%	-72.56%

SGL Resources Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving all four proposed resolutions through remote e-voting. The results were announced on December 23, 2025, marking a significant milestone in the company's corporate governance and business expansion plans.

Postal Ballot Results Overview

The e-voting process, conducted through the National Securities Depository Limited (NSDL), concluded on December 21, 2025, at 5:00 PM IST. Out of 21,777 total shareholders on the record date of November 14, 2025, the voting saw participation from shareholders holding 70,316,280 shares, representing 28.07% of the total paid-up equity capital.

Voting Parameter:	Details
Total Shareholders:	21,777
Shares Voted:	70,316,280
Participation Rate:	28.07% of paid-up capital
E-voting Period:	November 22 - December 21, 2025

Resolution-wise Voting Results

All four resolutions received strong shareholder support, with approval rates exceeding 99% across all proposals:

Resolution:	Type	Votes in Favour	Approval Rate
Director Re-appointment	Ordinary	69,996,815	99.55%
Object Clause Alteration	Special	69,997,356	99.55%
New MOA Adoption	Special	70,097,356	99.69%
New AOA Adoption	Special	70,097,356	99.69%

Director Re-appointment Approved

Shareholders approved the re-appointment of Mr. Kantilal Vrajlal Ladani (DIN: 00016171) as Whole Time Director for a five-year term from November 14, 2025, to November 13, 2030. With his 20 years of association with the company and extensive experience in Accounts and Finance, Mr. Ladani's re-appointment received 99.55% approval from voting shareholders. His proposed annual remuneration remains set at ₹7.20 lakhs.

Business Expansion and Governance Updates

The special resolutions for business expansion and corporate governance modernization received even stronger support at 99.69% approval rates. The approved changes include:

Alteration of the Memorandum of Association to expand business scope into digital media, payment services, remittances, and mobile recharge services
Adoption of new MOA and AOA aligned with the Companies Act, 2013
Enhanced corporate governance framework for future operations

Scrutinizer Report and Compliance

Harish P. Jain Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed full compliance with Sections 108 and 110 of the Companies Act, 2013, and relevant MCA circulars. The entire voting process was conducted electronically, with no physical ballot papers distributed in accordance with regulatory guidelines.

These results demonstrate strong shareholder confidence in SGL Resources' strategic direction and governance framework. The company can now proceed with its planned business diversification into technology-driven sectors while maintaining robust corporate governance standards.