Meeting Details

  • Date of Meeting: September 24, 2026
  • Type of Meeting: 79th Annual General Meeting
  • Location: Registered Office at Venkataravapuram, Tanuku - 534 215, Andhra Pradesh, India
  • Time: 3:00 PM

Proposed Resolutions and Implications

The AGM considered six ordinary resolutions:

1. Item 1: Adoption of Audited Financial Statements for the year ended March 31, 2026

2. Item 2: Declaration of Dividend on Equity Shares for the year 2025-26

3. Item 3: Re-appointment of Sri Mullapudi Thimmaraja (DIN: 00016711) as Director retiring by rotation

4. Item 4: Re-appointment of Sri P.S.R.V.K. Ranga Rao (DIN: 00015795) as Director retiring by rotation

5. Item 5: Fixation of remuneration of Statutory Auditors M/s. Brahmayya & Co., Chartered Accountants (Firm Regn. No. 000513S) at ₹23,00,000 for FY 2026-27

6. Item 6: Ratification of remuneration of Cost Auditors M/s. Narasimha Murthy & Co. (Firm Regn. No. 000042) at ₹8,25,000 for FY 2026-27

Voting Process and Methods

  • Remote e-voting was conducted through Central Depository Services Limited (CDSL) platform www.evotingindia.com
  • E-voting period: September 21, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST)
  • Cut-off date for determining voting rights: September 18, 2026
  • Physical polling was conducted during the AGM
  • Combined scrutiny of e-voting and physical poll results

Key Voting Outcomes

Shareholder Participation

  • Total shareholders on record date: 56,014
  • Shareholders present in meeting: 75 (15 Promoters/Promoter Group + 60 Public)

Resolution-wise Results

Item 1: Adoption of Financial Statements
  • Total votes cast: 50,739,238
  • Votes in favor: 50,389,627 (99.33%)
  • Votes against: 340,611 (0.67%)
  • Breakdown: E-voting - 3,028,974 (5.97%) in favor, 340,611 (0.67%) against; Poll - 47,360,653 (93.36%) in favor
Item 2: Declaration of Dividend
  • Total votes cast: 50,730,239
  • Votes in favor: 50,727,128 (99.99%)
  • Votes against: 3,111 (0.01%)
  • Breakdown: E-voting - 3,366,475 (6.64%) in favor, 3,111 (0.01%) against; Poll - 47,360,653 (93.36%) in favor
Item 3: Re-appointment of Sri Mullapudi Thimmaraja
  • Total votes cast: 50,730,163
  • Votes in favor: 47,591,221 (93.81%)
  • Votes against: 3,138,942 (6.19%)
  • Breakdown: E-voting - 230,568 (0.45%) in favor, 3,138,942 (6.19%) against; Poll - 47,360,653 (93.36%) in favor
Item 4: Re-appointment of Sri P.S.R.V.K. Ranga Rao
  • Total votes cast: 50,730,163
  • Votes in favor: 50,482,790 (99.51%)
  • Votes against: 247,373 (0.49%)
  • Breakdown: E-voting - 3,122,137 (6.15%) in favor, 247,373 (0.49%) against; Poll - 47,360,653 (93.36%) in favor
Item 5: Fixation of Statutory Auditors' Remuneration
  • Total votes cast: 50,730,163
  • Votes in favor: 50,557,251 (99.66%)
  • Votes against: 172,912 (0.34%)
  • Breakdown: E-voting - 3,196,598 (6.30%) in favor, 172,912 (0.34%) against; Poll - 47,360,653 (93.36%) in favor
Item 6: Ratification of Cost Auditors' Remuneration
  • Total votes cast: 50,730,163
  • Votes in favor: 50,726,520 (99.99%)
  • Votes against: 3,643 (0.01%)
  • Breakdown: E-voting - 3,365,867 (6.63%) in favor, 3,643 (0.01%) against; Poll - 47,360,653 (93.36%) in favor

Scrutinizer's Role and Findings

  • Nekkanti S.R.V.V.S. Narayana of M/s. Nekkanti S.R.V.V.S. Narayana & Co., Company Secretaries was appointed as Scrutinizer
  • Scrutinizer validated both remote e-voting and physical polling processes
  • Confirmed all resolutions were passed with requisite majority
  • Submitted consolidated scrutinizer report dated September 24, 2026

Compliance Statement

  • The company confirmed compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)
  • Notice dated August 8, 2026 was sent to all members with material facts under Section 102 of the Companies Act, 2013