Meeting Details

The 87th Annual General Meeting was held on Thursday, 25th June, 2026 at 11:30 am through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Proposed Resolutions and Implications

Five ordinary resolutions were proposed:

1. Adoption of audited financial statements for FY ended 31st March, 2026 with directors' and auditors' reports

2. Re-appointment of Mr. S. Sreekanth Reddy (DIN: 00123889) as director retiring by rotation

3. Ratification of remuneration of ₹5,00,000/- plus applicable taxes and expenses to M/s. Narasimha Murthy & Co, Cost Accountants for FY 2026-27

4. Approval for material related party transactions with Sagar Cements Limited (holding company) up to ₹500 crores for one year

5. Approval for material related party transactions with RV Consulting Services Private Limited up to ₹100 crores for one year

Voting Process and Methods

The company provided e-voting facility through KFin Technologies Limited. Remote e-voting commenced at 9:00 am on 21st June, 2026 and concluded at 5:00 pm on 24th June, 2026. For members attending the AGM through VC/OAVM who had not cast votes through e-voting, the company provided facility of voting through Instapoll at the AGM.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 83,446,347 votes from 155 members
  • Votes in favor: 83,446,347 (100%)
  • Votes against: 1 vote from 1 member (negligible)
  • Invalid/abstained: Nil

Resolution 2: Re-appointment of Director

  • Votes in favor: 83,446,336 votes (99.9999%)
  • Votes against: 11 votes from 2 members (negligible)
  • Invalid/abstained: Nil

Resolution 3: Cost Auditor Remuneration

  • Votes in favor: 83,446,346 votes (99.9999%)
  • Votes against: 1 vote from 1 member (negligible)
  • Invalid/abstained: Nil

Resolution 4: Related Party Transaction with Sagar Cements

  • Votes in favor: 83,446,336 votes (99.9999%)
  • Votes against: 11 votes from 2 members (0.0001%)
  • Invalid/abstained: 69,129,280 votes from 3 members

Resolution 5: Related Party Transaction with RV Consulting

  • Votes in favor: 14,317,057 votes from 151 members (99.9999%)
  • Votes against: 11 votes from 2 members (0.0001%)
  • Invalid/abstained: 69,129,280 votes from 3 members

Scrutinizer's Role and Findings

M/s. BSS & Associates, Company Secretaries (Firm Registration: 3744) acted as scrutinizers for the entire voting process. They submitted a consolidated report dated 26th June, 2026 confirming that all resolutions were passed with requisite majority. The cut-off date for determining members entitled to vote was 18th June, 2026.

Compliance Confirmation

The voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, and Regulation 44 of SEBI (LODR) Regulations, 2015. The company followed MCA Circulars dated April 8, 2020, April 13, 2020, May 5, 2020, August 17, 2020, January 13, 2021, December 08, 2021, December 14, 2021, May 05, 2022, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025.