Shamrock Industrial Company Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders approving all 7 resolutions presented to them. The voting results were announced on February 24, 2026, following the conclusion of the e-voting period on February 21, 2026.

Key Management Appointments Approved

Shareholders approved several critical leadership appointments that will shape the company's future direction. The resolutions included both ordinary and special resolutions for various directorial positions.

Voting Participation and Results

The postal ballot demonstrated strong shareholder engagement across different categories. The company had 2940 total shareholders on the record date of January 16, 2026, with 5428414 total outstanding shares.

Promoter Group Participation:

• Held 1650793 shares representing the promoter and promoter group holdings
• Participation varied from 66.11% to 99.16% across different resolutions
• Showed unanimous support with 100% votes in favor for all resolutions

Public Non-Institutional Participation:

• Held 3777621 shares
• Consistent participation of 19058 votes across all resolutions (0.50% of holdings)
• Demonstrated strong support with 99.96% approval rate
• Only 7 votes against across all resolutions

Scrutinizer's Oversight

CS Dhirendra Maurya of D Maurya and Associates served as the appointed scrutinizer for the postal ballot process. He was appointed by the Board of Directors on January 19, 2026, and submitted his comprehensive report on February 23, 2026.

The scrutinizer confirmed that the remote e-voting process was conducted in compliance with:

• Sections 108 and 110 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Process Timeline and Compliance

The postal ballot process followed a structured timeline ensuring regulatory compliance:

The company published mandatory advertisements in Active Times (English) and Mumbai Lakshadeep (vernacular) newspapers on January 23, 2026, ensuring proper communication to all stakeholders.

Corporate Governance Strengthening

The approved resolutions significantly strengthen the company's leadership structure with clearly defined roles. Rattan Kapoor's dual appointment as director and Managing Director & CEO provides unified leadership, while Rahul Manoj Rajani's appointment as whole-time director and CFO ensures strong financial oversight. The appointment of Motilal & Associates LLP as statutory auditor addresses the casual vacancy, maintaining continuous audit oversight.

The overwhelming shareholder support across all resolutions, with approval rates of 99.9994% to 99.9996%, demonstrates strong confidence in the proposed leadership changes and corporate governance enhancements.

Shamrock Industrial Company Limited announced the Board of Directors' approval for incorporating three wholly owned subsidiaries across strategic international locations during a board meeting held on December 22, 2025. The meeting, conducted from 3:00 PM to 5:00 PM, marked a significant step in the company's international expansion into renewable energy, digital infrastructure, and cryptocurrency sectors.

Strategic International Expansion Plan

The company has received board approval for establishing subsidiaries in three key international markets, each designed to capitalize on regional advantages in emerging technology sectors.

Comprehensive Business Operations

Each subsidiary will engage in identical business activities across six primary sectors to create diversified revenue streams:

• Renewable and conventional power projects development
• Data center facilities establishment and operation
• Specialized computing servers and application-specific integrated circuits procurement and operation
• Infrastructure-as-a-service offerings to enterprise customers
• Independent power production capabilities
• Bitcoin trading, holding, transferring, and dealing operations

All business activities will be conducted in compliance with applicable laws and regulations in respective host jurisdictions, including related, incidental, and ancillary activities as permitted.

Regulatory Compliance Framework

The incorporation process follows SEBI Regulation 30 requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted detailed annexures for each subsidiary as required under SEBI Master Circular guidelines.

Business Diversification Objective

The primary objective behind these incorporations is expansion and diversification of business operations beyond traditional industrial activities. The strategic positioning across UAE, Singapore, and Norway enables the company to leverage each region's specific advantages in renewable energy development, digital infrastructure, and cryptocurrency operations.

The company will submit detailed information to stock exchanges upon receipt of incorporation certificates from respective regulatory authorities in each jurisdiction. This expansion positions Shamrock Industrial Company Limited to capitalize on growing opportunities in sustainable energy and digital infrastructure sectors globally.