Suditi Industries Limited has successfully concluded its Extraordinary General Meeting (EGM) held on January 16, 2026, with shareholders demonstrating strong confidence by approving all six proposed resolutions with an overwhelming majority of 99.9996%. The meeting was conducted through video conferencing from 3:30 PM to 3:40 PM, in compliance with regulatory guidelines.

Meeting Overview and Participation

The EGM witnessed significant shareholder participation, with the company's total shareholder base of 6,684 as of the record date of January 9, 2026. The meeting saw attendance from 2 promoter group members and 41 public shareholders through video conferencing, while no shareholders attended in person or through proxy.

Scrutinizer Appointment and Process

Mitesh J. Shah of Mitesh J. Shah & Associates, a practicing Company Secretary (FCS No. 10070), was appointed as the scrutinizer by the Board of Directors on December 19, 2025. The e-voting process was facilitated through National Securities Depository Limited (NSDL), with remote e-voting conducted from January 13, 2026 (9:00 AM) to January 15, 2026 (5:00 PM).

Resolution Details and Voting Results

All six resolutions received exceptional shareholder support, with voting results showing remarkable consistency across different categories of shareholders. The promoter and promoter group, holding 20,301,545 shares, achieved 99.9229% participation with 20,285,890 votes cast, all in favor of the resolutions.

Key Resolutions Approved:

Resolution 1 (Ordinary): Increase in authorized share capital and consequent amendment in memorandum of association Resolution 2 (Ordinary): Approval of increased threshold for loans, guarantees, securities, and investments under Section 186 of Companies Act, 2013 Resolution 3 (Special): Alteration of object clause in the memorandum of association Resolution 4 (Special): Re-appointment of Mr. Raja Gopal Chinraj (DIN: 00158832) as Whole Time Director and CEO (Dyeing Division) Resolution 5 (Special): Issuance of 72,67,667 warrants convertible into equity shares on preferential basis to non-promoter category Resolution 6 (Special): Issuance of 26,90,733 equity shares on preferential basis to non-promoter category

Voting Pattern Analysis

The voting results demonstrated strong alignment between promoter and public shareholders, with public non-institutional shareholders showing 7.5862% participation rate. Out of 1,465,181 votes polled from public non-institutional shareholders, 1,465,101 votes were cast in favor, representing 99.9945% approval.

Corporate Governance and Compliance

The company maintained strict adherence to regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The meeting notice dated December 19, 2025, along with a corrigendum dated January 9, 2026, was distributed to shareholders electronically in compliance with MCA circulars.

Leadership and Strategic Direction

The re-appointment of Mr. Raja Gopal Chinraj as Whole Time Director and CEO of the Dyeing Division received strong shareholder endorsement, with 21,734,634 votes in favor out of 21,734,714 total votes cast for this resolution. This demonstrates continued confidence in the company's leadership and strategic direction in the dyeing segment.

The successful completion of the EGM with unanimous approval across all resolutions positions Suditi Industries for enhanced operational flexibility and growth opportunities through increased authorized capital, preferential share issuance, and expanded investment capabilities.

Suditi Industries Limited's promoter Pawan Agarwal has disclosed a significant reduction in his shareholding through multiple market sales conducted over recent months. The transactions, disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involved the disposal of 26,00,000 equity shares through open market sales.

Transaction Details

The share disposals were executed in three separate tranches across different dates. The transactions demonstrate a systematic reduction in the promoter's stake over the specified period.

Shareholding Changes

The progressive reduction in Pawan Agarwal's shareholding reflects a substantial change in the promoter's stake in the company. The transactions resulted in a notable decrease in both direct shareholding and total diluted shareholding.

Company Capital Structure

Suditi Industries Limited maintains a stable equity share capital structure throughout these transactions. The company's capital base includes both equity shares and convertible securities that contribute to the diluted share capital calculation.

Regulatory Compliance

The disclosures were made in compliance with SEBI regulations, with Pawan Agarwal submitting the required forms to both the company's board of directors and the Bombay Stock Exchange. As a promoter and director of the company (DIN: 00808731), Agarwal fulfilled his regulatory obligations by providing detailed information about the share disposals.

The company's shares are listed on the Bombay Stock Exchange under scrip code 521113. Despite the reduction in promoter shareholding, Agarwal continues to hold a significant stake in the company, maintaining his position as a key stakeholder with substantial voting rights through both direct equity holdings and convertible securities.