Meeting Details

  • Date: Friday, 21st August, 2026
  • Time: 11:04 A.M. to 11:46 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) hosted from the Registered Office at Plot B5, Block III, Uppal, IDA, Hyderabad–500039, Telangana, India
  • Type: Annual General Meeting

Attendance

  • Directors Present: 6 directors including Sri Y.S.R. Venkata Rao (Managing Director), Sri K.V. Suryaprakash Rao, Sri G. Jayaraman, Sri Sivarama Prasad Bhamidi, Dr. A.R. Prasad, and Mr. Y.V. Prashanth
  • Directors Absent: Dr. J.S. Yadav, Dr. T.V. Rao, and Ms. Y. Lalithya Poorna due to unavoidable circumstances
  • Other Attendees: Statutory Auditor (Mr. J. Venkateswarlu), Internal Auditor (Mr. M. Ramakrishna), Scrutinizer (Mr. B. Venkatesh Babu), CFO (Mrs. Gayathri Kesavarapu), Company Secretary (Mr. Siddharth Dubey)
  • Shareholders: 87 shareholders present through online mode
  • Quorum: Requisite quorum was present

Voting Process and Methods

  • Remote e-voting facility was provided from 18th August 2026 at 9:00 A.M. (IST) to 20th August 2026 at 5:00 P.M. (IST)
  • Members who had not voted through remote e-voting could cast votes electronically during the meeting
  • Mr. B. Venkatesh Babu, Practising Company Secretary, was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the meeting

Resolutions and Voting Outcomes

Ordinary Business

Item 1 - Adoption of Financial Statements

  • Resolution: Ordinary
  • Result: Approved
  • Votes in Favour: 69,53,405
  • Votes Against: 0

Item 2 - Declaration of Final Dividend

  • Resolution: Ordinary
  • Result: Approved
  • Dividend: ₹1 per Equity Share of ₹10 each
  • Record Date: 14th August 2026
  • Votes in Favour: 69,49,396
  • Votes Against: 4,009

Item 3 - Re-appointment of Ms. Y. Lalithya Poorna

  • Resolution: Ordinary
  • Result: Approved
  • DIN: 00345471
  • Votes in Favour: 69,17,116
  • Votes Against: 7,295

Item 4 - Re-appointment of Dr. J.S. Yadav

  • Resolution: Ordinary
  • Result: Approved
  • DIN: 02014136
  • Votes in Favour: 69,51,269
  • Votes Against: 1,776

Special Business

Item 5 - Re-appointment of Sri Y.S.R. Venkata Rao as Managing Director

  • Resolution: Special
  • Result: Not Passed (requisite majority not received)
  • Proposed Term: 3 years from 1st May 2027
  • Proposed Remuneration: Basic Pay ₹9,07,500/month, HRA ₹3,02,500/month, Medical Benefit ₹5,00,000, Insurance ₹25,00,000, Leave Travel, Vehicle, Telephone & Email, Gratuity
  • Votes in Favour: 12,640
  • Votes Against: 7,326

Item 6 - Appointment of Mr. Y.V. Prashanth as Executive Director

  • Resolution: Special
  • Result: Not Passed (requisite majority not received)
  • Proposed Term: 3 years from 1st June 2026
  • Proposed Remuneration: Similar package to Item 5
  • Votes in Favour: 13,970
  • Votes Against: 5,726

Item 7 - Appointment of Sri Sivarama Prasad Bhamidi as Independent Director

  • Resolution: Ordinary
  • Result: Approved
  • DIN: 07620679
  • Term: 5 years from 20th July 2026 to 19th July 2031
  • Votes in Favour: 69,51,465
  • Votes Against: 1,774

Overall Results

Out of 7 resolutions set out in the Notice of 58th AGM, only 5 were duly approved by shareholders with requisite majority. Two special resolutions (Items 5 and 6) were not passed.

Compliance and Documentation

  • The Notice of Meeting dated 20th July, 2026 and Annual Report for FY2025-26 were circulated electronically to members on 29th July, 2026
  • Statutory Auditors' Report and Secretarial Audit Report contained no qualifications, reservations, adverse remarks or disclaimers
  • Consolidated voting results with Scrutinizer's Report were to be submitted to Stock Exchanges within prescribed timelines and placed on company website

Additional Information

The meeting included a Chairman's address highlighting the company's financial performance, operational achievements, significant developments during FY2025-26, and future growth prospects. Members' queries regarding company operations and future plans were addressed, including points on plant visits and the company's vision for 2030.