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Ganges Securities Ltd. Declaration of Voting Results & Voting Rights Announcements 2024
63380_rns_2024-03-23_fcf8079a-ee09-4e1e-92ff-3c462dd6618c.pdf
Declaration of Voting Results & Voting Rights Announcements
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GANGES SECURITIES LIMITED
CIN —L74120UP2015PLC069869
REGD. OFFICE - P.O. HARGAON, DIST SITAPUR (U.P.), PIN — 261 121 Phone No. (05862) 256220-221; Fax No.: (05862) 256 225 E-mail — [email protected]; Website-www.birla-sugar.com
March 23, 2024
The Secretary The Dy. General Manager National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, 5th Floor BSE Ltd. Plot No. C/1, G Block Ist Floor, New Trading Ring, Rotunda Bandra- Kurla Complex, Building Bandra (E) P.J. Towers, Dalal Street, Fort, Mumbai 400 051 Mumbai-400 001
Symbol : GANGESSECU Stock Code : 540647
Dear Sirs,
Sub: Results of Postal Ballot — Notice dated February 19, 2024
This is further to our letter dated February 21, 2024 submitting the Postal Ballot Notice dated February 19, 2024 to the members seeking their approval on the items mentioned in the said Notice.
In this regard, please note that Mr. Mohan Ram Goenka, Practicing Company Secretary, who was appointed as the Scrutinizer for the aforesaid Postal Ballot process has submitted his Report on Saturday, March 23, 2024. Based on the Scrutinizer's Report, we wish to inform you that the Special Resolution(s) stated in the Postal Ballot Notice dated February 19, 2024 have been duly approved by the members of the Company with requisite majority, and shall be deemed to have been passed on March 22, 2024, being the last date of remote e-voting.
The details of the voting results of Postal Ballot pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Scrutinizer's Report are enclosed herewith.
The result along with Scrutinizer's Report is available on the Company's website www .birlasugar.com
This is for your information, record and dissemination to all concerned.
Thanking you, Yours faithfully, For Ganges Securities Limited VIKASH — (east'cova." GOYAL Yasuasvosse Vikash Goyal Chief Financial Officer
Encl.: as above
Ganges Securities Limited
P.O. HARGAON, DISTRICT- SITAPUR, UTTAR PRADESH 261 121
Details of Voting at the Postal Ballot
(Pursuant to Regulation 44(3) of SEBI (LODR) Regulation, 2015
| Date of Annual General Meeting | NOT APPLICABLE |
|---|---|
| Total number of Equity Shareholders as on cut off date i.e. February 9, 2024 | 5345 |
| No. of shareholders present in the meeting either in person or through proxy: | |
| Promoters & Promoter Group a) |
NOT APPLICABLE |
| Public b) |
|
| No. of shareholders attended the meeting through video conferencing | |
| Promoters & Promoter Group a) |
NOT APPLICABLE |
| Public b) |
Ganges Securities Limited
Resolution Required :Special
1 - Re-appointment of Mr. Chhedi Lal Agarwal (DIN: 07778603) as an Independent Director and continuation of his directorship
Whether promoter/ promoter group are interested in the
agenda/resolution? No
| Category | Mode of Voting |
No. of shares] held [1] |
No. of votes polled [2] |
%of Votes Polled on outstanding Votes—in shares [3]={[21/[1]}*100 |
No. of [4] |
No. of Votes favour —Against [5] |
% of Votes in favour on votes polled |
% of Votes against on votes polled |
No. of votes Invalid |
|---|---|---|---|---|---|---|---|---|---|
| E-Voting | 6666035 | 100.0000] | 6666035 | 0 | 100.0000 | 0.0000 | |||
| Promoter and Promoter Poll | 6666035 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||
| Group | Postal Ballot | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||
| Total | 6666035 | 100.0000} | 6666035 | 0 | 100.0000 | 0.0000 | |||
| E-Voting | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| Public Institutions | Poll | 1014 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |
| Postal Ballot | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| Total | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| E-Voting | 735207 | 22.0344 | 631269 | 103938 | 85.8628 | 14.1372 | |||
| Public Non Institutions | 3336638 | 0.0000 | |||||||
| Poll Postal Ballot |
0 0 |
0.0000 | 0 0 |
0 0 |
0.0000 | [6]={[41/[2]}100 [7]={[51/[2]}100 [8] 0 0 0 0 0 0 0 0 0 0.0000 0.0000 0 0.0000 0 85.8628 14.1372 0 98.5957 1.4043 0 |
|||
| Total | 735207 | 22.0344] | 631269 | 103938 | |||||
| Total | 10003687 | 7401242 | 73.9851) | 7297304] | 103938 |
Ganges Securities Limited
Resolution Required :Special
2 - Re-appointment of Mrs. Urvi Mittal (DIN: 02780842) as the Managing Director of the Company
Whether promoter/ promoter group are interested in the
agenda/resolution? No
| Category | Mode of Voting |
No. of shares] held |
No. of votes polled |
%of Votes Polled on outstanding Votes—in shares [3]={[2]/[1]}*100 |
No. of | No. of Votes favour —Against |
% of Votes in favour on votes polled [6]={[41/[2]}100 [7]={[51/[2]}100 |
% of Votes against on votes polled |
No. of votes Invalid |
|---|---|---|---|---|---|---|---|---|---|
| E-Voting | [1] | [2] 6619999 |
99.3094] | [4] 6619999 |
[5] 0 |
100.0000 | 0.0000 | ||
| Promoter and Promoter Poll | 6666035 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | |
| Group | Postal Ballot | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||
| Total | 6619999 | 99.3094) | 6619999 | 0 | 100.0000 | 0.0000 | |||
| E-Voting | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| Public Institutions | Poll | 1014 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |
| Postal Ballot | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| Total | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
| E-Voting | 735207 | 22.0344 | 631269 | 103938 | 85.8628 | 14.1372 | |||
| Public Non Institutions | 3336638 | 0.0000 | 0.0000 | 0.0000 | |||||
| Poll Postal Ballot |
0 0 |
0.0000 | 0 0 |
0 0 |
0.0000 | 0.0000 | [8] 0 0 0 0 0 0 0 0 0 0 0 0 |
||
| Total | 735207 | 22.0344 | 631269 | 103938 | 85.8628 | 14.1372 | |||
| Total | 10003687 | 7355206 | 73.5250) | 7251268 | 103938 | 98.5869 | 1.4131 |
Mohan Ram Goenka
Company Secretaries
SCRUTINIZER'S REPORT
[Pursuant to Section 108 & 110 of the Companies Act, 2013 and Companies (Management and Administration) Rules, 2014]
To, The Chairperson GANGES SECURITIES LIMITED P.O. Hargaon, Dist. Sitapur (U.P.), Pin — 261 121
Dear Madam,
-
- I, Mohan Ram Goenka, a Company Secretary in Practice (FCS No. 4515, CP No. 2551), was duly appointed as a Scrutinizer by the Board of Directors of Ganges Securities Limited (the Company) for the purpose of Scrutinizing the Postal Ballot process under the provisions of Sections 108 & 110 of the Companies Act, 2013 (the 2013 Act) and rules made thereunder as amended (including any statutory modification(s) or reenactment(s) thereof for the time being in force and including any circulars and notifications as issued from time to time) and the provisions of Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
-
- The Management of the Company is responsible to ensure the Compliance of the requirements of the Companies Act, 2013 and Rules relating to Postal Ballot by the shareholders on the resolution proposed in the Notice of the Postal Ballot. My responsibility as a Scrutinizer is to ensure that the voting process is conducted in a fair and transparent manner and is restricted to making a Scrutinizer's Report for the votes cast in "favour" or "against" on the resolution proposed in the Notice of the Postal Ballot.
-
- The Members holding equity shares as on the "cut-off date" i.e. February 09, 2024 were entitled to vote on the resolution proposed in the Notice of Postal Ballot.
Our Office : 46, B. B, Ganguly Street, 4th Floor R. No.: 6, Kolkata 700012, E Mail: [email protected] [email protected]
Mobile No.9831074332 Phone No .2237 9517
Mohan Ram Goenkg
Company Secretaries
-
- In terms of the aforesaid Notice dated February 19, 2024, the e-voting period commenced on Thursday, February 22, 2024 (09.00 a.m. IST) and ended on Friday, March 22, 2024 (5.00 p.m. IST) for voting through remote e-voting. The e-voting facility was provided by National Securities Depository Limited (NSDL).
-
- At the end of the e-voting period on Friday, March 22, 2024 (5.00 p.m. IST), the voting portal of NSDL was blocked forthwith.
-
- The votes were unblocked in the presence of 2 (two) witnesses, neither of whom are in the employment of the Company, and e-voting summary statement was downloaded from the evoting website of NSDL (https://www.evoting.nsdl.com).
-
- My report on the results of the voting is based on the data downloaded from National Securities Depository Limited (NSDL) in respect of the resolutions contained in the Notice of the Postal Ballot as processed and provided by M/s. Link Intime India Pvt. Ltd. / the Company.
-
- Based on the results made available to me, 67 members have casted their votes through remote e-voting platform based on the data downloaded from National Securities Depository Limited (NSDL) The brief analysis of the results of the voting through Remote e-voting, based on the report generated by NSDL are as under:
Item_No. 1 - Special Resolution :
Re-appointment of Mr. Chhedi Lal Agarwal (DIN: 07778603) as an Independent Director and continuation of his directorship
| Particulars | Percentage | ||||
|---|---|---|---|---|---|
| E-Voting | (%) | ||||
| No. | Votes | No. | Votes | ||
| Assent | 59 | 7297304 | 59 | 7297304 | 98.5957 |
| Dissent | 8 | 103938 | 8 | 103938 | 1.4043 |
| Total | 67 | 7401242 | 67 | 7401242 | 100.00 |
| Invalid / Abstain |
- | - | - | - |
Our Office : 46, B. B. Ganguly Street, 4th Floor R. No.: 6, Kolkata 700012, E Mail: [email protected] [email protected]
Mobile No.9831074332 Phone No .2237 9517
Mohan Ram Goenka
Company Secretaries
Item No. 2 - Special Resolution :
Re-appointment of Mrs. Urvi Mittal (DIN: 02780842) as the Managing Director of the Company
| Particulars | Percentage | ||||
|---|---|---|---|---|---|
| E-Voting | (%) | ||||
| No. | Votes | No. | Votes | ||
| Assent | 56 | 7251268 | 56 | 7251268 | 98.5869 |
| Dissent | 8 | 103938 | 8 | 103938 | 1.4131 |
| Total | 64 | 7355206 | 64 | 7355206 | 100.00 |
| Invalid / Abstain |
- | - | - | - | - |
- Based on the foregoing, I hereby certify that the Resolutions as contained in the Postal Ballot Notice dated February 19, 2024 have been passed with requisite majority.
All relevant records of voting process given / provided / maintained in electronic mode in our custody until the Chairperson considers, approves and signs the minutes of the Postal Ballot and the same shall be handed over / emailed thereafter to the Chairperson or Company Secretary for preserving safely.
12:31:50 +05'30' UDIN: F004515E003624780 *
Countersigned by
Our Office : 46, B. B. Ganguly Street, 4th Floor R. No.: 6, Kolkata 700012, Mobile No.9831074332 E Mail: [email protected] Phone No .2237 9517 [email protected]