Gujarat Themis Biosyn postal ballot: 98%+ yes votes

What the company disclosed to stock exchanges

Gujarat Themis Biosyn Ltd (GTBL) informed the stock exchanges that shareholders approved two special resolutions through a postal ballot conducted entirely through remote e-voting. The approvals increase the company’s ability to raise borrowings and to undertake inter-corporate financial activities such as loans, guarantees and investments. The company said the voting was scrutinised by a company secretary, and the resolutions received near-unanimous support. It also referenced disclosure requirements under SEBI Listing Regulations, including Regulation 30 read with Schedule III, and newspaper publication requirements under Regulation 47. The updates form part of a series of regulatory filings GTBL made during 2026 around postal ballots, voting outcomes, and compliance submissions.

Postal ballot notice published in Western Times

GTBL disclosed that it published a Notice of Postal Ballot in newspapers as part of its compliance process. Specifically, the company said the notice was published in the 'Western Times' (English) edition and 'Western Times' (Gujarati) edition on Friday, 24 July 2026. The company also indicated it attached copies of the published newspaper articles with its filing, in line with Regulation 30 read with Schedule III (A) (12). Separately, GTBL also referenced another postal ballot newspaper publication dated 19 March 2026 in the same two newspapers. The disclosures show the company relied on newspaper notices to confirm dispatch and availability of postal ballot materials, while running the voting process through electronic means.

Near-unanimous voting results for borrowing and Section 186 powers

GTBL reported voting results showing approval levels above 98% for both special resolutions related to financial flexibility. Resolution 1 covered borrowing limits and creation of mortgage or charge on assets. Resolution 2 sought permission for loans, guarantees and investments beyond thresholds under Section 186 of the Companies Act. The company stated the results were based on remote e-voting and that the scrutiny was completed before the outcome was published. It also said the results, along with the scrutiniser’s report, would be published on the company website and the CDSL portal, and then forwarded to BSE and NSE.

Key voting numbers disclosed by the company

The company provided vote counts and percentages for both items, indicating broad shareholder backing.

How the e-voting process was organised

GTBL said the postal ballot was conducted through remote e-voting, with Central Depository Services (India) Limited (CDSL) providing the platform. For one postal ballot cycle described by the company, the remote e-voting window ran from 6 May 2026 at 9:00 a.m. IST to 4 June 2026 at 5:00 p.m. IST, and results were to be announced within two working days, by 8 June 2026. The notice for that postal ballot was sent electronically on 5 May 2026 to members whose email addresses were registered as of the cut-off date of 1 May 2026. The board appointed CS Ketan Ravindra Shirwadkar, proprietor of KRS AND CO., as scrutiniser for the postal ballot process.

Another postal ballot cycle: July to August 2026

In a later postal ballot process, GTBL said it set a cut-off date of 10 July 2026 for determining voting rights, with an e-voting window from 24 July to 22 August 2026. The company said it engaged CDSL again for remote e-voting and appointed an external scrutiniser to oversee the process. It also stated results were to be declared by 25 August 2026. The company said the notice was circulated only via electronic mode to shareholders with registered email addresses, aligning with digitised shareholder communication practices and Ministry of Corporate Affairs circulars referenced in its disclosures.

QIP resolution and other fund-raise authorisations mentioned

GTBL also disclosed shareholder approval to raise capital through a Qualified Institutions Placement (QIP), with 99.98% of votes cast in favour. It reported 79,477,366 votes supporting the resolution and 18,941 opposing it, with the remote e-voting managed by CDSL. The scrutiniser’s report dated 9 July 2026 confirmed the conduct and outcome of that vote, and GTBL said it would proceed with the QIP subject to regulatory approvals. In another filing context, the company said it launched a postal ballot for shareholders to approve a ₹1,000 crore QIP and authorisation for issuing non-convertible debentures up to ₹1,500 crore, and also proposed an amendment to the Articles of Association to remove mandatory valuation reports for share issues. Voting for that set of items was stated to be open until 22 August 2026.

Earlier 2026 postal ballot items: director term and related-party transactions

GTBL’s 2026 disclosures also included a postal ballot covering governance and related-party matters. The company sought shareholder approval for re-appointment of Mrs. Kirandeept Madan (DIN: 00686547) as Non-Executive Woman Independent Director for a second term of five consecutive years, from 1 May 2026 to 30 April 2031, following her first term from 1 May 2021 to 30 April 2026. It also sought approval for material related party transactions with Themis Medicare Limited (TML) for an aggregate value of ₹50 crore during FY 2026-27. For the postal ballot voting concluded on 20 April 2026, the re-appointment received 99.9960% approval, while the related-party transaction resolution was approved with 52.5598% votes in favour. The company said voting for that process was conducted from 19 March to 17 April 2026 through CDSL, with CS Ketan Ravindra Shirwadkar acting as scrutiniser.

Why these approvals matter for investors tracking GTBL

The borrowing-limit and Section 186 resolutions, approved with more than 98% support, expand the legal headroom for GTBL to raise debt and provide inter-corporate financial support such as loans, guarantees and investments, subject to the company’s internal policies and applicable law. The QIP approval and proposed NCD authorisation indicate the company is keeping multiple funding routes available, though execution remains subject to regulatory approvals and conditions the company cited. The related-party transaction vote from April 2026, which passed with a slimmer margin compared with other resolutions, offers additional context on how different proposals can receive different levels of support even within the same postal ballot framework. Across these matters, GTBL repeatedly emphasised remote e-voting, scrutiny by an independent professional, and publication of results on the company website and the CDSL portal, followed by submission to BSE and NSE.

Summary and the next disclosed steps

GTBL’s filings show shareholders have approved key financial and governance resolutions during 2026 through multiple postal ballots conducted via remote e-voting. The company has also complied with newspaper publication requirements for the postal ballot notices, including in Western Times (English and Gujarati). For the July to August 2026 postal ballot cycle, the company indicated results were to be declared by 25 August 2026. GTBL also stated that voting outcomes and the scrutiniser’s report would be published on its website and the CDSL portal and then forwarded to the stock exchanges.