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.

Resolution-wise Voting Results

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

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.

SGL Resources has announced the reappointment of Mr. Kantilal Ladani as Whole-Time Director for a five-year term, subject to shareholder approval. The decision, made during a board meeting on November 12, 2025, extends Ladani's tenure from November 14, 2025, to November 13, 2030.

Key Details of the Reappointment

Background and Qualifications

Mr. Ladani, born on July 18, 1967, is an Indian national with a postgraduate degree. He first joined the board of SGL Resources on October 19, 2022. His expertise lies in management, making him a valuable asset to the company's leadership team.

Approval Process and Compliance

The reappointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. It is now subject to approval by company members at the upcoming General Meeting or through Postal Ballot.

Corporate Governance

SGL Resources has confirmed that Mr. Ladani is not debarred from holding the office of director by any SEBI order or other authority. The company also stated that there is no material inter-se relationship between Mr. Ladani and other board members or Key Managerial Personnel.

This reappointment reflects SGL Resources' confidence in Mr. Ladani's leadership and his continued role in the company's future strategies and operations.