Meeting Details

  • Type of Meeting: 17th Annual General Meeting (AGM)
  • Date of Meeting: Wednesday, September 30, 2026
  • Time of Meeting: 11:00 AM to 12:51 PM
  • Location: Registered Office of the Company at village Wadki, Gat No. 1209, Taluka Haveli, Dist. Pune 412308
  • Record Date: September 23, 2026

Summary of Proposed Resolutions and Implications

Seven resolutions were considered and voted upon at the AGM:

Ordinary Business:

1. Adoption of the Standalone Audited Financial Statements for the financial year ended March 31, 2026, along with Reports of the Board of Directors and Auditors.

2. Adoption of the Consolidated Audited Financial Statements for the financial year ended March 31, 2026, along with the Auditors' Reports.

3. Re-appointment of Mr. Manohar Padole (DIN: 02738236) as a Director, who retired by rotation.

Special Business:

4. Approval for Termination of Employee Stock Option Plan Scheme 2021 ('ESOP Scheme 2021').

5. Approval for Implementation of Employee Stock Option Plan Scheme 2026 ('ESOP Scheme 2026').

6. Approval for Extension of Benefits of the ESOP Scheme 2026 to eligible employees of Group Companies, including Holding, Subsidiary, and Associate Companies.

Ordinary Business:

7. Ratification of Remuneration of Cost Auditors.

The passing of these resolutions implies shareholder approval for the company's financial statements, the continuation of Mr. Manohar Padole on the board, a significant overhaul of the company's employee incentive structure (terminating an old ESOP and implementing a new one with broader eligibility), and the ratification of auditor costs.

Voting Process and Methods

  • Remote E-Voting: The facility was provided through MUFG Intime India Private Limited. The voting period was from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST).
  • Physical Poll Voting: Ballot voting was conducted during the AGM for shareholders who attended in person, by proxy, or by authorized representative and had not cast their votes electronically.

Key Voting Outcomes

  • Total Number of Shareholders on Record Date: 11,916
  • Shareholders Present at Meeting: 40 (7 Promoters/Promoter Group, 33 Public)
  • Shareholders Attended via Video Conferencing: 0
  • Total Number of Resolutions: 7
  • Total Votes Cast (Shares): 5,802,621
  • Percentage of Votes Polled on Outstanding Shares: 48.9627%
  • Total Votes In Favor (Shares): 5,802,270
  • Total Votes Against (Shares): 351
  • Overall Percentage In Favor: 99.994%
  • Overall Percentage Against: 0.006%
  • Invalid Votes: 0 across all shareholder categories.

Resolution-Wise & Category-Wise Breakdown:

All resolutions were passed. The promoter and promoter group unanimously supported all resolutions (100% in favor). Public institutions did not cast any votes on any resolution. Public non-institutions showed near-unanimous support, with minimal opposition:

  • Ordinary Resolutions (1,2,3,7): 99.9598% in favor (872,724 votes), 0.0402% against (351 votes).
  • Special Resolutions (4,5,6): 99.9598% in favor (872,724 votes), 0.0402% against (351 votes).

The single vote against in the e-voting and 350 votes against in the physical poll for public non-institutions were consistent across all resolutions.

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Deepti Maheshwari, Practicing Company Secretary (Membership No. F9435, CP No. 12214)
  • Firm Name: Deepti
  • Date of Appointment by Board: August 31, 2026
  • Date of Report: October 1, 2026
  • The scrutinizer was responsible for ensuring a fair and transparent voting process for both remote e-voting and the physical poll.
  • The scrutinizer relied on the report generated by MUFG Intime India Private Limited for the e-voting results.
  • Conclusion: The scrutinizer confirmed that all resolutions were passed with the requisite majority. All relevant e-voting records were placed in the scrutinizer's safe custody until the Chairman signs the meeting minutes.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 108 of the Companies Act, 2013.
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended in 2015).

The submission is addressed to the listing departments of both BSE (Scrip Code: 541402) and NSE (Symbol: AFFORDABLE).

Other Relevant Information

  • Company CIN: L29299PN2010PLC135298
  • The company is not listed on MSEI.
  • Data Note: The total outstanding shares calculated from the resolution details (11,851,105) does not match the figure mentioned in the header of the voting results table (11,851,105 vs 11,851,105). The analysis uses the figures provided in the detailed resolution tables.