Shree Ganesh Elastoplast Limited has issued a formal postal ballot notice dated March 7, 2026, for the proposed amendment to its main object clause in the Memorandum of Association. The notice follows the board meeting held on March 2, 2026, which approved the initiation of the postal ballot process to enable the company to expand into consultancy services.

Postal Ballot Notice Details

The company submitted the postal ballot notice to BSE Limited on March 7, 2026, in compliance with Regulation 29-30 of the SEBI (LODR) 2015. The notice outlines the complete procedure for shareholders to participate in the e-voting process for the proposed special resolution.

E-Voting Schedule and Process

The e-voting period is scheduled to commence on Friday, March 13, 2026, at 10:00 AM and conclude on Monday, April 13, 2026, at 5:00 PM. Shareholders whose names appear in the Register of Members as on the cut-off date of March 6, 2026, are eligible to participate in the voting process.

Proposed Main Object Clause Amendment

The special resolution seeks approval for adding Main Object Clause No. III (A) 7 to the company's Memorandum of Association. The new clause will enable the company to carry on business providing managerial, supervisory, technical, engineering, and professional services to industry, mines, and manufacturing units. The services will focus on determining timely and qualitative production of various mineral products, mine products, and industrial products, including supervision of manufacturing processes for coal, iron, aluminium, zinc, copper, metals, lignite, and other related products.

Shareholder Communication and Access

The postal ballot notice is being sent electronically to shareholders whose email addresses are registered with the company or depositories. Physical copies are being dispatched to shareholders who have not provided email addresses. The notice is available on the company's website at www.shreeganeshelastoplastltd.com , BSE website at www.bseindia.com , and CDSL's e-voting platform at www.evotingindia.com .

Corporate Compliance

The postal ballot process is being conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The company has appointed Mr. Kamlesh M Shah from M/s. Kamlesh M Shah & Co., Practicing Company Secretaries, as the scrutinizer for conducting the postal ballot voting process in a fair and transparent manner. The results will be communicated to BSE Limited and uploaded on the company's website and CDSL platform upon completion of the scrutiny process.

Shree Ganesh Elastoplast Limited , a company engaged in commodity trading and stock trading, has reported a significant increase in its net profit for the financial year ended March 31, 2021. The company's performance shows a remarkable turnaround compared to the previous year.

Financial Highlights

• Net profit rose to Rs 50.96 lakh in FY2021, up from Rs 8.72 lakh in the previous year, marking a substantial 485% increase.
• Total income grew to Rs 1,247.22 lakh, compared to Rs 646.38 lakh in the previous year, representing a 93% year-on-year growth.
• Earnings per share (EPS) improved to Rs 0.93 in FY2021 from Rs 0.16 in the previous year.

Quarterly Performance

Despite the overall positive annual results, the company reported a quarterly loss in Q4 FY2021:

Business Focus

Shree Ganesh Elastoplast Limited operates solely in commodity trading and stock trading business. The significant increase in total income suggests a substantial growth in trading activities during the fiscal year.

Audit Opinion

The company's audited financial results received an unmodified opinion from statutory auditors, indicating that the financial statements present a true and fair view of the company's affairs.

Management's Perspective

While the company has not provided specific comments from the management, the substantial increase in profitability and revenue suggests effective execution of trading strategies and possibly favorable market conditions during the year.

The contrast between the strong annual performance and the quarterly loss in Q4 may indicate some challenges faced towards the end of the fiscal year, possibly due to market volatility or other factors affecting the trading business.

Investors and stakeholders will likely be watching closely to see if Shree Ganesh Elastoplast can maintain this growth trajectory in the coming years and address the factors leading to the Q4 loss.