Meeting Details

The 58th Annual General Meeting was held on 21st August 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility at 11:00 AM. The meeting was conducted pursuant to recent SEBI and MCA circulars for holding video conferences.

Shareholder Participation

The total number of shareholders as on the record date (14th August 2026) was 13,061. Attendance through video conference included:

  • Promoter and Promoter Group: 1 shareholder
  • Public: 87 shareholders
  • Total attendees: 88 shareholders

Proposed Resolutions and Implications

The AGM featured seven resolutions covering ordinary and special business:

Ordinary Business:

1. Adoption of Financial Statements for FY ended 31st March 2026

2. Declaration of Dividend for Financial Year 2025-26

3. Re-appointment of Ms. Lalithya Pooma (DIN: 00345471) who retires by rotation

4. Re-appointment of Dr. J.S. Yadav (DIN: 02014136) who retires by rotation

Special Business:

5. Re-appointment of Sri Y.S.R. Venkata Rao (DIN: 00345524) as Managing Director for 3 years w.e.f. 1st May 2027

6. Appointment of Mr. Y.V. Prashanth (DIN: 00345418) as Executive Director for 3 years w.e.f. 1st June 2026

7. Appointment of Sri Sivarama Prasad Bhamidi (DIN: 07620679) as Independent Director for 5 years w.e.f. 20th July 2026

Voting Process and Methods

The voting process utilized two methods:

1. Remote e-voting: Open from 09:00 AM on 18th August 2026 to 05:00 PM on 20th August 2026

2. E-voting during the AGM: Conducted through the VC/OAVM facility

Central Depository Services (India) Limited (CDSL) was engaged as the service provider for both remote e-voting and e-voting during the AGM.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes polled: 69,53,405 shares (68.2878% of outstanding shares)
  • Votes in favor: 69,53,405 (100%)
  • Votes against: 0 (0%)
  • Result: Approved

Resolution 2: Dividend Declaration

  • Total votes polled: 69,53,405 shares (68.2878% of outstanding shares)
  • Votes in favor: 69,49,396 (99.9423%)
  • Votes against: 4,009 (0.0577%)
  • Result: Approved

Resolution 3: Re-appointment of Ms. Lalithya Pooma

  • Total votes polled: 69,24,411 shares (68.0030% of outstanding shares)
  • Votes in favor: 69,17,116 (99.8946%)
  • Votes against: 7,295 (0.1054%)
  • Result: Approved

Resolution 4: Re-appointment of Dr. J.S. Yadav

  • Total votes polled: 69,53,405 shares (68.2878% of outstanding shares)
  • Votes in favor: 69,51,629 (99.9745%)
  • Votes against: 1,776 (0.0255%)
  • Result: Approved

Resolution 5: Re-appointment of Sri Y.S.R. Venkata Rao as MD

  • Total votes polled: 19,696 shares (0.1934% of outstanding shares)
  • Votes in favor: 12,460 (63.2616%)
  • Votes against: 7,236 (36.7384%)
  • Result: Not Approved

Resolution 6: Appointment of Mr. Y.V. Prashanth as ED

  • Total votes polled: 19,696 shares (0.1934% of outstanding shares)
  • Votes in favor: 13,970 (70.9281%)
  • Votes against: 5,726 (29.0719%)
  • Result: Not Approved

Resolution 7: Appointment of Sri Sivarama Prasad Bhamidi as ID

  • Total votes polled: 69,53,232 shares (68.2861% of outstanding shares)
  • Votes in favor: 69,51,465 (99.9746%)
  • Votes against: 1,774 (0.0255%)
  • Result: Approved

Shareholder Category Breakdown

The voting results show distinct patterns between promoter and public shareholders:

  • Promoter shareholders voted overwhelmingly in favor of all resolutions (97-100% approval)
  • Public shareholders showed significant opposition to Resolutions 5 and 6 (36.74% and 29.07% against respectively)
  • Public shareholders also showed some opposition to Resolution 3 (37.0983% against)

Scrutinizer's Role and Findings

CS B. Venkatesh Babu, Practicing Company Secretary (CP No. 5103), was appointed as Scrutinizer to:

  • Scrutinize the remote e-voting process
  • Scrutinize the e-voting process during the 58th AGM
  • Ensure fair and transparent voting pursuant to Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014

The scrutinizer confirmed that the voting process was conducted properly and provided a detailed breakdown of votes for each resolution.

Compliance Confirmation

The company confirms compliance with applicable laws and regulations including:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA and SEBI circulars for holding video conferences

Total Share Capital

The total outstanding shares of the company as of the record date were 1,01,82,506 shares, with promoter holding 70,85,842 shares and public holding 30,96,664 shares.