Established around fifteen years ago, with its Registered Office in Mumbai, Superior Textile Industries Limited, a company listed on Bombay Stock…

Established around fifteen years ago, with its Registered Office in Mumbai, Superior Textile Industries Limited, a company listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), became one of the country's largest textile companies, offering end-to-end solutions through its well managed five core divisions, namely- home-textile, cotton yarn, apparel fabrics, garments and polyester yarn. All these years, Mr. Arpit, Chairman and Managing Director (CMD) had been at the forefront of the company providing high quality textile products with reliable delivery schedules. With a view to empower themselves to fulfil diverse international requirements and ensuring delivery of superior products across multifarious domain by catering to a wide range of needs covering yarns, apparels, fabrics, men's wears, women's wears, childrens' wears and home-textile, the CMD Mr. Arpit and other Directors of the company felt that it was the right time to expand globally and therefore, planned for opening overseas branches in Singapore and Vietnam. As the company had already raised funds through IPO, the directors thought of Further Public Offer (FPO) as it would ensure that the company had adequate funds to fulfil their objective by raising the same from general public. The directors felt that raising additional share capital through FPO would deliver results as the company had established a track record of success and have a strong following of investors willing to buy additional shares. The directors planned to convene Extra-ordinary General Meeting (EGM) to discuss FPO as the source of raising funds as well as certain other issues and Mr. Vatsala, Company Secretary was directed to take necessary steps in this respect. Accordingly, an EGM was scheduled to be convened on 14th August, 2025, at 11.30 AM at the Registered Office. As usual, the electronic platform set up by National Securities Depository Limited (NSDL) was to be used to facilitate shareholders to cast their votes through electronic means (NSDL e-voting Platform) at the ensuing EGM for passing the requisite resolutions. The company sent notices in the prescribed manner to all those who were entitled to receive them to enable them to carry out the voting process through remote e-voting. The company had clearly provided the time for opening and closing of e-voting as under: Opening of remote e-voting Friday, 8th August, 2025, at 10.00 AM (IST) Closing of remote e-voting Wednesday, 13th August, 2025, at 5.00 PM (IST) In addition, following information was also given: That the company is providing facility for voting by electronic means and the business may be transacted through such voting;That the members who have cast their vote by remote e-voting prior to the meeting may also attend the meeting but shall not been entitled to cast their vote again. As required by the relevant provisions, the company caused a public notice to be published containing requisite particulars relating to meeting, immediately on completion of dispatch of notices of the EGM, by way of an advertisement in two newspapers i.e. one in a vernacular newspaper and the other in an English newspaper. The company appointed Ms. Swati, an independent Chartered Accountant in practice, to be the scrutiniser for the remote e-voting process. At the EGM, after the discussion on resolutions was concluded, Mr. Arpit, duly assisted by Ms. Swati, allowed voting to all those members who were present thereat but had not cast their votes by availing the remote e-voting system while it was open. For the purpose of voting, the company provided the same electronic voting system as was used during remote e-voting. Immediately thereafter, Ms. Swati started her function as scrutiniser. The EGM was successfully conducted. Among others, a resolution was passed to raise money through Further Public Offer after completing various formalities and Mr. Vatsala was entrusted to ensure the success of FPO. It may be noted that Superior Textile Industries Limited has been involved in various Corporate Social Responsibility (CSR) activities which provide an enhanced overall reputation to the company and also help employees, people and the company to contribute to something that is bigger than its own needs. The company's CSR programmes started taking shape when it established Trust EduCare to cater to educational needs of the children of the textile workers. In the month of May 2025, the company also set up employable vocational training centres in different semi-urban and rural areas of Maharashtra under the banner of Trust Smile which is an ongoing project. For the Financial Year 2024-25, net profits of the company included dividends amounting to 40,53,200 received from different companies. On the basis of above facts and by applying applicable provisions of the Companies Act, 2013 and the applicable Rules therein, choose the correct answer (one out of four) of the following Multiple Choice Questions (of 2 marks each) given herein under: