TCThacker & Company509945Postal ballot result

Shareholders approve Manager re-appointment, buy-back enabling clause in Articles, and new Statutory Auditor

Shareholders approved by postal ballot: Mr. Raju R. Adhia re-appointed as Manager (Special Resolution); Articles amended to allow a future buy-back (enabling only, no buy-back decided).

By ScoutQuest · Fri 23 Oct 2026, 5:40 PM IST · 2 min read

Resolutions approved

Three resolutions put to shareholders by postal ballot were approved on 22nd October 2026

Manager re-appointment

Mr. Raju R. Adhia re-appointed as Manager (Special Resolution)

Statutory Auditor appointed

M/s. V K Beswal & Associates appointed Statutory Auditor, filling a casual vacancy, until the next AGM

What shareholders voted on

The Company put three resolutions to its members through postal ballot, and the members approved them on 22nd October 2026.

• Re-appointment of Mr. Raju R. Adhia as Manager of the Company, by way of a Special Resolution.
• Alteration of the Articles of Association, by way of a Special Resolution, to insert an enabling provision for buy-back of securities.
• Appointment of M/s. V K Beswal & Associates as Statutory Auditors, by way of an Ordinary Resolution.

Who is the Manager

Mr. Raju R. Adhia has been re-appointed as Manager of the Company, effective 22nd October 2026. A Special Resolution requires a higher level of shareholder support than an ordinary resolution, so this approval carries a stronger mandate than a simple majority.

What the Articles change means

The Articles of Association now carry a new Article 63A, inserted after the existing Article 63, titled Buy-Back of Securities. It allows the Company, subject to the Companies Act, 2013, the SEBI Act, 1992 and the regulations and rules made under them, to purchase its own shares or other specified securities by way of buy-back.

• Funding sources named in the clause: free reserves, the securities premium account, proceeds of an issue of shares or other specified securities, or other sources permitted under law.
• Methods named: tender offer, open market purchase, book-building process or otherwise.
• The update states plainly that the amendment is enabling in nature and does not constitute any decision or commitment by the Company to undertake a buy-back.

In simple terms, the Company has created the permission to do a buy-back in future if its board decides to; it has not announced one.

Change of statutory auditor

The existing Statutory Auditor resigned, creating a casual vacancy, and M/s. V K Beswal & Associates, Chartered Accountants (Firm Registration No. 101083W), has been appointed to fill it.

• The appointment runs from 22nd October 2026 until the conclusion of the next Annual General Meeting.
• The update describes the firm as established in 1983, with more than 200 client organisations.

Because the appointment ends at the next AGM, shareholders will see a fresh auditor appointment proposal at that meeting.

What a retail investor can take away

• Leadership continuity: the Manager's position has been settled with shareholder approval.
• The auditor change follows a resignation from the existing auditor, and the incoming firm holds office only until the next AGM.
• The buy-back clause is an enabling amendment to the Articles; the update itself says no buy-back decision or commitment has been made.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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