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Results of Postal Ballot

30-04-2021: The Members of the Company vide Postal Ballot Notice dated 19th March, 2021 have approved the Increase in overall limits of Remuneration for Whole-time Director(s) and appointment of Mr. Ritesh Tiwari as a Whole-time Director of the Company with effect from 1st May, 2021 for a period of 5 (five) consecutive years with an majority of 99.8407% and 93.2210% respectively, votes cast in favour of the resolutions.

Declaration of the results of Postal Ballot

Pursuant to Section 108 and Section 110 of the Companies Act, 2013 (‘the Act’) read with Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014, approval of Members of the Company was sought by means of Postal Ballot vide Notice dated 19th March, 2021, for Increase in overall limits of Remuneration for Whole-time Director(s) and appointment of Mr. Ritesh Tiwari as a Whole-time Director of the Company with effect from 1st May, 2021 for a period of 5 (five) consecutive years.

Based on the Scrutinizer’s Report dated 30th April, 2021, the Postal Ballot results declared as under:

Item No. 1: Increase in overall limits of Remuneration for Whole-time Director(s).

Particulars

Number

Number of valid Electronic Votes received

4,228

Votes in favour of the resolution

1,97,41,12,507

Votes against the resolution

31,49,805

Item No. 2: Appointment of Mr. Ritesh Tiwari as a Whole-time Director of the Company with effect from 1st May, 2021, for a period of 5 (five) consecutive years.

Particulars

Number

Number of valid Electronic Votes received

4,226

Votes in favour of the resolution

1,85,00,96,402

Votes against the resolution

13,45,37,976

Accordingly, the Resolutions as set out in the Postal Ballot Notice dated 19th March, 2021 were passed by Members with an majority of 99.8407% and 93.2210% respectively, votes cast in favour of resolutions.