Svaraj Trading and Agencies Limited has officially announced the results of its postal ballot voting process, confirming shareholder approval for key corporate governance decisions, including the appointment of independent directors and reclassification of a promoter group member.

The company conducted the voting process in compliance with Regulation 30 and Regulation 44 of SEBI Listing Regulations, ensuring transparency and proper disclosure of results to stock exchanges.

Shareholders approve key board appointments

The shareholders of Svaraj Trading have approved the appointment of two new independent directors:

• Mrs Jyotsana Vishnu Joshi as Independent Director
• Mrs Urvashi Tilkesh Sharma as Independent Director

Both appointments were passed as special resolutions with requisite majority, reflecting strong shareholder support for strengthening the company’s board structure and governance framework.

Independent directors play an important role in ensuring corporate governance, transparency, and accountability, and these appointments are expected to enhance oversight within the company.

Promoter group reclassification approved

In addition to board appointments, shareholders also approved the reclassification of Mr Mukesh Vaishnav from Promoter Group to Public Category.

This resolution was passed as an ordinary resolution, indicating that the required voting threshold was comfortably met.

Such reclassification is typically done when there is a change in shareholding pattern or control structure, and it must comply with SEBI regulatory guidelines to ensure fair disclosure and investor protection.

Voting process conducted via remote e-voting

The company appointed Mr Manoj Mimani, Partner of R M Mimani & Associates LLP, as scrutinizer for the postal ballot process.

The voting was conducted through remote e-voting system provided by CDSL, and remained open from April 05, 2026 to May 04, 2026.

As per the scrutinizer’s report:

• Voting was conducted in a fair and transparent manner
• Votes were counted electronically after closure of voting window
• Final results confirmed approval of all resolutions

The scrutinizer confirmed that all resolutions were passed with requisite majority, and results were deemed effective from the last day of voting.

Detailed voting outcome

The voting results showed overwhelming support from shareholders:

For Appointment of Jyotsana Vishnu Joshi:

• 61,62,017 votes in favour
• Only 11 votes against

For Appointment of Urvashi Tilkesh Sharma:

• 61,62,006 votes in favour
• Minimal opposition recorded

For Promoter Reclassification:

• 57,25,346 votes in favour
• Negligible votes against

These figures indicate strong shareholder confidence in the company’s governance decisions.

Importance of postal ballot governance

Postal ballot voting is an important mechanism under Companies Act 2013 and SEBI regulations, allowing shareholders to participate in decision-making without physical meetings.

It ensures:

• Wider shareholder participation
• Transparent decision-making
• Digitally secure voting process
• Regulatory compliance with SEBI norms

In this case, the process was fully digital and monitored through an independent scrutinizer.

Corporate governance strengthening

The approval of independent directors and restructuring of promoter classification reflects a broader effort by Svaraj Trading to strengthen its corporate governance framework.

Independent directors bring unbiased oversight, while promoter reclassification ensures clarity in ownership structure, which is important for investor confidence and regulatory transparency.

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