Meeting Details

  • Meeting Type: 73rd Annual General Meeting
  • Meeting Date: Thursday, 23rd July, 2026
  • Record Date: 16th July, 2026
  • Total Shareholders on Record Date: 36,778

Attendance Details

  • Promoters/Promoter Group Present in Person/Proxy: 0
  • Public Present in Person/Proxy: 0
  • Promoters/Promoter Group Attended via Video Conferencing: 13
  • Public Attended via Video Conferencing: 79
  • Total Resolutions Passed: 8

Voting Process and Methods

Voting was conducted through:

  • Remote e-voting facility provided by National Securities Depository Limited (NSDL)
  • E-voting at the AGM
  • Remote e-voting period: Monday, 20th July 2026 (9:00 AM IST) to Wednesday, 22nd July 2026 (5:00 PM IST)

Resolution Details and Voting Outcomes

Resolution 1: Adoption of Audited Standalone Financial Statements

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,132,229 (99.9998% of votes polled)
  • Votes Against: 27 (0.0002% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 9,230,662 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (100% in favor)
  • Public Non-Institutions: 39,787 votes (39,760 in favor, 27 against)

Resolution 2: Adoption of Audited Consolidated Financial Statements

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,132,232 (99.9998% of votes polled)
  • Votes Against: 24 (0.0002% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 9,230,662 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (100% in favor)
  • Public Non-Institutions: 39,787 votes (39,763 in favor, 24 against)

Resolution 3: Declaration of Dividend

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,132,232 (99.9998% of votes polled)
  • Votes Against: 24 (0.0002% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 9,230,662 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (100% in favor)
  • Public Non-Institutions: 39,787 votes (39,763 in favor, 24 against)

Resolution 4: Reappointment of Mr. Ravin A. Mirchandani

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,130,913 (99.99% of votes polled)
  • Votes Against: 1,343 (0.01% of votes polled)
  • Result: Passed

Resolution 5: Ratification of Cost Auditor Remuneration

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,132,105 (99.9986% of votes polled)
  • Votes Against: 151 (0.0014% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 9,230,662 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (100% in favor)
  • Public Non-Institutions: 39,787 votes (39,636 in favor, 151 against)

Resolution 6: Reappointment of Mr. Aditya T. Malkani as Managing Director

  • Resolution Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 10,615,785 (61.0004% of outstanding shares)
  • Votes in Favor: 10,234,884 (96.4119% of votes polled)
  • Votes Against: 380,901 (3.5881% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 8,714,191 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (1,481,069 in favor, 380,738 against - 79.55% in favor)
  • Public Non-Institutions: 39,787 votes (39,624 in favor, 163 against - 99.59% in favor)
  • Invalid Votes: Promoter & Promoter Group: 516,471 votes

Resolution 7: Payment of Remuneration to Executive Director

  • Resolution Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 10,328,410 (59.35% of outstanding shares)
  • Votes in Favor: 9,948,499 (96.32% of votes polled)
  • Votes Against: 379,911 (3.68% of votes polled)
  • Result: Passed
  • Invalid Votes: Promoter & Promoter Group: 803,846 votes

Resolution 8: Payment of Commission to Non-Executive Directors

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Polled: 11,132,256 (63.9681% of outstanding shares)
  • Votes in Favor: 11,128,783 (99.9688% of votes polled)
  • Votes Against: 3,473 (0.0312% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter & Promoter Group: 9,230,662 votes (100% in favor)
  • Public Institutions: 1,861,807 votes (100% in favor)
  • Public Non-Institutions: 39,787 votes (36,314 in favor, 3,473 against - 91.27% in favor)

Scrutinizer's Report

Hemanshu Kapadia of Hemanshu Kapadia & Associates was appointed as Scrutinizer. Key findings:

Remote e-voting vs E-voting at AGM:

  • Remote e-voting: 172 shareholders casting 10,011,780 votes
  • E-voting at AGM: 11 shareholders casting 1,120,476 votes
  • Total: 183 shareholders casting 11,132,256 votes

Resolution-wise Voting Pattern:

  • Resolution 1: 177 shareholders in favor (111,322,29 votes), 5 against (27 votes)
  • Resolution 2: 178 shareholders in favor (111,322,32 votes), 5 against (24 votes)
  • Resolution 3: 178 shareholders in favor (111,322,32 votes), 5 against (24 votes)
  • Resolution 4: 175 shareholders in favor (111,309,13 votes), 8 against (1,343 votes)
  • Resolution 5: 175 shareholders in favor (111,321,05 votes), 8 against (151 votes)
  • Resolution 6: 168 shareholders in favor (102,348,84 votes), 11 against (380,901 votes)
  • Resolution 7: 165 shareholders in favor (99,484,99 votes), 13 against (379,911 votes)
  • Resolution 8: 169 shareholders in favor (111,287,83 votes), 14 against (3,473 votes)

Compliance Confirmation

The Scrutinizer confirmed compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Company (Management and Administration) Rules, 2014
  • Secretarial Standard-2 on General Meetings
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Voting results and Scrutinizer's Report placed on company website (www.adorwelding.com) and NSDL website (www.evoting.nsdl.com)
  • Total paid-up equity share capital: 17,402,815 shares
  • Promoter & Promoter Group holdings: 9,355,395 shares (53.76%)
  • Public Institutions holdings: 2,014,130 shares (11.57%)
  • Public Non-Institutions holdings: 6,033,290 shares (34.67%)