Meeting Details

  • Type of Meeting: Extra-Ordinary General Meeting (EGM)
  • Date of Meeting: October 22, 2026
  • Meeting Time: From 4:30 PM (IST) to 5:09 PM (IST)
  • Meeting Format: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of members
  • Record Date: October 15, 2026

Proposed Resolution

The EGM was convened to seek member approval for a single special resolution:

  • Item No. 1: To offer, issue and allot warrants convertible into equity shares to Mellwood Trustee Services Private Limited (trustee of Melligeri Private Family Foundation, Promoter of the company), on a preferential basis

Voting Process and Methods

The voting was conducted through two methods:

1. Remote e-voting: Period commenced on Monday, October 19, 2026 at 9:00 AM (IST) and ended on Wednesday, October 21, 2026 at 5:00 PM (IST)

2. E-voting during the EGM: Provided to members present at the meeting who had not cast their votes through remote e-voting

The notice of EGM dated September 25, 2026 was circulated to members on September 29, 2026. A corrigendum to the EGM notice regarding amendment to the explanatory statement pertaining to Item No. 1 was circulated to shareholders on October 16, 2026.

Key Voting Outcomes

Overall Results

  • Total Number of Shareholders on Record Date: 109,724
  • Total Number of Shares: 67,06,65,635
  • Total Votes Polled: 52,55,18,976 (78.3578% of outstanding shares)
  • Votes in Favor: 51,85,98,197 (98.6831% of votes polled)
  • Votes Against: 69,20,779 (1.3169% of votes polled)
  • Result: Resolution passed with requisite majority

Category-wise Voting Breakdown

Promoter and Promoter Group
  • Shares Held: 39,62,82,820
  • Votes Polled: 39,60,94,547 (99.9525% of shares held)
  • Votes in Favor: 39,60,94,547 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)
  • Remote e-voting: 39,54,94,965 votes (100% in favor)
  • Poll during EGM: 5,99,582 votes (100% in favor)
Public Institutions
  • Shares Held: 17,55,45,167
  • Votes Polled: 12,78,02,642 (72.8033% of shares held)
  • Votes in Favor: 12,08,82,543 (94.5853% of votes polled)
  • Votes Against: 69,20,099 (5.4147% of votes polled)
  • All votes were cast through remote e-voting
Public-Non Institutions
  • Shares Held: 9,88,37,648
  • Votes Polled: 16,21,787 (1.6408% of shares held)
  • Votes in Favor: 16,21,107 (99.9581% of votes polled)
  • Votes Against: 680 (0.0419% of votes polled)
  • Remote e-voting: 13,70,399 votes (99.9547% in favor)
  • Poll during EGM: 2,51,388 votes (99.9761% in favor)

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Isha Shrotriya
  • Firm: AASI & Co., Practicing Company Secretaries
  • Qualification: Professional (Company Secretary)
  • Membership No.: A50734
  • Date of Appointment: September 25, 2026 (Board Meeting)
  • Date of Report Issuance: October 23, 2026

The Scrutinizer was appointed to scrutinize the voting through electronic means (remote e-voting and e-voting during EGM) in a fair and transparent manner. The Scrutinizer confirmed:

  • The votes were unblocked on October 22, 2026 at 05:09 PM (IST) in the presence of two independent witnesses
  • There were no invalid votes
  • The resolution was passed with the requisite majority
  • All voting records and papers will be handed over to the Company Secretary for safe keeping

Attendance Details

  • Total Shareholders Attended Meeting through VC: 56
  • Promoters and Promoter Group: 10
  • Public: 46

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 110 of the Companies Act, 2013 and rules made thereunder
  • Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India
  • Secretarial Standards on General Meetings (SS-2) issued by the Institute of Company Secretaries of India

Signatories and Contact Information

  • Company Secretary & Compliance Officer: Ravi Mallikarjun Hugar (Membership Number: A20823)
  • Scrutinizer: Isha Shrotriya of AASI & Co.
  • The voting results and Scrutinizer's report are available on the company website (www.aequs.com/investor) and KFin Technologies Limited website (https://evoting.kfintech.com/)