Sunrise Efficient Marketing Limited has received overwhelming approval from shareholders to migrate its equity shares from the SME platform of the Bombay Stock Exchange (BSE) to the Main Board, following the completion of a postal ballot process.

The postal ballot, initiated on June 19, 2025, and concluded on July 18, 2025, saw 100% of votes cast in favour of the special resolution. The company used the e-voting facility of the National Securities Depository Limited (NSDL) to ensure seamless and transparent voting by its members.

The announcement was made in a regulatory filing to BSE Limited on July 22, 2025, by Lejas Hemantrai Desai, the Managing Director of the company. The resolution was officially deemed passed on July 18, 2025, the last date of e-voting.

Details of the Resolution

The only agenda item in the postal ballot notice dated May 28, 2025, was the “Migration of listing/trading of equity shares from the SME Platform to the Main Board of BSE.”

The postal ballot was conducted in compliance with various MCA Circulars, Companies Act, 2013 provisions, and SEBI (LODR) Regulations, 2015. The process was scrutinized by M/s. Dhirren R. Dave & Co., Practising Company Secretaries based in Surat.

Voting Breakdown

As per the voting results:

• Total number of shares held: 1.5 crore (15,000,000)

• Total votes polled: 97.15 lakh (9,715,782), indicating a 64.77% turnout.

• Votes in favour: 100%

• Votes against: 0%

The promoter and promoter group, holding 79.44 lakh shares, voted in full support. Public non-institutional shareholders also voted unanimously in favour, with 25.11% of their shares polled, all supporting the migration.

There were no votes cast by public institutional shareholders, and no invalid votes were reported.

Next Steps and Implications

With the approval secured, Sunrise Efficient Marketing Limited (SEML) will begin the process of delisting from the BSE SME platform and applying for a fresh listing on the Main Board of BSE.

The transition is a significant milestone for the company, which has been listed on the SME platform since its IPO in March 2022. Moving to the Main Board typically offers benefits like enhanced liquidity, broader investor access, increased visibility, and potential inclusion in indices and institutional portfolios.

The move also reflects the company’s growth and ambition, meeting the eligibility criteria set by BSE for Main Board migration, including net worth, paid-up capital, profitability, and corporate governance norms.

About Sunrise Efficient Marketing Limited

Sunrise Efficient Marketing Limited is engaged in the business of trading electrical products such as cables, switchgear, transformers, and other power distribution equipment. The company has steadily expanded its presence, especially in Gujarat and Maharashtra, catering to industrial and commercial customers.

In recent years, SEML has shown consistent growth in revenue and operational scale, making it a suitable candidate for BSE's Main Board listing.

Conclusion

With this milestone shareholder approval, Sunrise Efficient Marketing is set to unlock the next level of its growth journey by transitioning to the BSE Main Board. The successful resolution further reinforces investor confidence and sets a robust foundation for future strategic moves, including fund-raising, institutional investments, and broader market reach.

For shareholders and potential investors, this development marks a positive signal of maturity, compliance, and market readiness. The company is now expected to proceed with regulatory formalities, filings, and coordination with BSE for listing on the Main Board in the coming months.

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