JSL Industries Limited, a renowned company located in Mogar, Anand, Gujarat, has officially announced the appointment of Mr. Pradeep Sinha (DIN: 02209180) as an Independent Director for an initial term of five years. This appointment was confirmed through a Postal Ballot (E-voting) process conducted in accordance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) and other applicable laws.

The process was initiated with the issuance of a Notice of Postal Ballot dated February 07, 2025, seeking shareholder approval by way of a Special Resolution. The voting period concluded on March 18, 2025, with the resolution securing the requisite majority as required by the SEBI Listing Regulations.

Voting Summary and Scrutinizer's Report

The Scrutinizer's Report was prepared by CS J. J. Gandhi, a practicing company secretary (Membership No.: FCS 3519, CP No.: 2515). The report was generated after thoroughly scrutinizing the remote e-voting process and compiling the voting data provided by Central Depository Services (India) Limited (CDSL), the authorized agency appointed by the company to manage the e-voting facility.

Detailed Voting Results

The voting results were compiled as per the prescribed format under Regulation 44 of the SEBI Listing Regulations. The results are as follows:

• Promoter and Promoter Group: Out of 478,483 shares, 285,370 shares were voted, reflecting a 59.64% voting turnout, with 100% votes cast in favour and 0% against the resolution.
• Public Institutions: Out of 147,324 shares, 97,562 shares were voted, reflecting a 66.22% voting turnout, with 100% votes cast in favour and 0% against the resolution.
• Public Non-Institutions: Out of 548,061 shares, 392,020 shares were voted, reflecting a 71.53% voting turnout, with 100% votes cast in favour and 0% against the resolution.

Summary of the Resolution Passed

The resolution to appoint Mr. Pradeep Sinha as an Independent Director for a period of five years was approved unanimously by the shareholders.

Scrutinizer’s Observations

The Postal Ballot process was conducted in compliance with the Companies Act, 2013 and applicable rules, along with the General Circular No. 9 issued by the Ministry of Corporate Affairs (MCA) on September 19, 2024, extending the time limit for holding such processes until September 30, 2025.

The scrutinizer confirmed that:

• The voting was conducted strictly through remote e-voting as per regulatory requirements.
• No shareholders attended the meeting physically or through video conferencing as the process was carried out entirely through electronic voting.
• The data obtained from CDSL was accurate and complete, ensuring a fair and transparent voting process.

Access to Voting Results

The voting results and Scrutinizer’s Report have been made available for public access at the following locations:

• Registered Office of JSL Industries Limited located at Mogar, Tal. & Dist.: Anand, Gujarat - 388 340, India.
• Company’s Official Website: www.jslmogar.com
• Website of CDSL: www.evotingindia.com

Compliance and Regulatory Adherence

The company has ensured that the entire process was carried out adhering to the highest standards of corporate governance and transparency. The completion of this voting process further strengthens JSL Industries’ commitment to maintaining regulatory compliance under SEBI Listing Regulations and fostering trust among its shareholders.

Implications of the Appointment

The appointment of Mr. Pradeep Sinha is expected to bring a fresh perspective and independent oversight to the Board of Directors. With his extensive experience and industry expertise, he will contribute towards ensuring the company’s adherence to corporate governance norms, driving innovation, and fostering growth.

Acknowledgement and Future Communications

The company extends its gratitude to all shareholders who participated in the e-voting process and reaffirms its commitment to maintaining transparent communication with stakeholders. Any future updates or changes in the composition of the board will be duly communicated through official filings and website notifications.

JSL Industries Limited remains dedicated to enhancing shareholder value through sound governance practices and strategic decision-making. The management looks forward to a productive association with Mr. Pradeep Sinha in his new role as an Independent Director.

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