Regulation 44 Disclosure: Scrutinizer's Report and Voting Results

Meeting Details

  • Meeting Type: 5th Annual General Meeting (AGM)
  • Date: Wednesday, 30th September, 2026
  • Time: Commenced at 3:00 PM IST and concluded at 4:05 PM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) from the Registered Office of the Company
  • NSE Symbol: ANNAPURNA

Proposed Resolutions and Implications

The AGM considered six resolutions:

Ordinary Business:

1. Resolution 1: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026, together with Reports of Board of Directors and Auditors.

2. Resolution 2: To reappoint Mr. Manoj Sharma (DIN: 00348746) as Whole-Time Director, who retired by rotation.

Special Business:

3. Resolution 3: To change the designation of Mr. Ritesh Shaw (DIN: 02162433) from Whole-Time Director to Managing Director.

4. Resolution 4: Special Resolution to enhance limits under Section 180(1)(a) of Companies Act, 2013 to ₹350 Crores.

5. Resolution 5: Special Resolution to enhance borrowing limits under Section 180(1)(c) of Companies Act, 2013 to ₹350 Crores.

6. Resolution 6: To appoint M/s. Mohit Vanawat & Associates (Firm Regn. No. F-11834, CP No. 16528) as Secretarial Auditors.

Voting Process and Methods

The voting process was conducted in compliance with:

  • Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings
  • MCA Circulars: General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 11/2022, 09/2023, 09/2024, 03/2025
  • SEBI Circulars: SEBI/HO/CFD/CFD-PoD-2/CMD-1/CIR/P/2020/119, SEBI/HO/CFD/CMD-2/CIR/P/2021/11, SEBI/HO/DDHS/P/CIR/2022/10063/2024/1133, SEBI/HO/CFD/PoD-2/P/CIR/2023/167

Remote E-Voting Details:

  • Service Provider: National Securities Depository Limited (NSDL)
  • Cut-off Date: Wednesday, 23rd September, 2026
  • Voting Period: Commenced at 9:00 AM on Sunday, 27th September, 2026 and ended at 5:00 PM on Tuesday, 29th September, 2026
  • E-voting at AGM: Members present through VC/OAVM who hadn't voted remotely were allowed to vote during the meeting

Key Voting Outcomes

Overall Participation:

  • Total Shareholders on Record Date: 4,675
  • Total Votes Polled: 8,975,255 shares (41.1332% of outstanding shares)
  • Meeting Attendance: 3 Promoters/Promoter Group and 27 Public shareholders attended via VC

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

  • Total Votes For: 8,974,748 (99.9944%)
  • Votes Against: 507 (0.0056%)
  • Invalid Votes: Nil

Resolution 2 - Reappointment of Mr. Manoj Sharma:

  • Total Votes For: 8,974,498 (99.9916%)
  • Votes Against: 757 (0.0084%)
  • Invalid Votes: Nil

Resolution 3 - Designation Change of Mr. Ritesh Shaw:

  • Total Votes For: 8,974,498 (99.9916%)
  • Votes Against: 757 (0.0084%)
  • Invalid Votes: Nil

Resolution 4 - Enhancement of Limits u/s 180(1)(a):

  • Total Votes For: 8,974,748 (99.9944%)
  • Votes Against: 507 (0.0056%)
  • Invalid Votes: Nil

Resolution 5 - Borrowing Limits u/s 180(1)(c):

  • Total Votes For: 8,974,748 (99.9944%)
  • Votes Against: 507 (0.0056%)
  • Invalid Votes: Nil

Resolution 6 - Appointment of Secretarial Auditor:

  • Total Votes For: 8,974,748 (99.9944%)
  • Votes Against: 507 (0.0056%)
  • Invalid Votes: Nil

Category-wise Voting Breakdown:

Promoter & Promoter Group (8,887,000 shares):

  • Voted unanimously in favor of all resolutions (7,886,000 votes, 88.7364% participation)
  • No votes against any resolution

Public Institutions (1,463,835 shares):

  • Voted unanimously in favor of all resolutions (12,085 votes, 0.8256% participation)
  • No votes against any resolution

Public Non-Institutions (11,469,165 shares):

  • Voted predominantly in favor across all resolutions (1,077,170 votes, 9.3919% participation)
  • Minor opposition: 507 votes against Resolutions 1, 4, 5, 6 (0.0471%)
  • 757 votes against Resolutions 2 and 3 (0.0703%)

Scrutinizer's Role and Findings

  • Scrutinizer: CS Md. Shahnawaz of M Shahnawaz & Associates (Firm Regn. No.: S2015WB331500)
  • Appointment Date: 29th August, 2026 by Board of Directors
  • Qualifications: ACS No. 21427, C.P. No: 15076, Peer Review Regn No. 6376/2025
  • Findings: All resolutions passed with required majority
  • Report Date: 30th September, 2026
  • Document Custody: Voting documents to remain with Scrutinizer until Chairman approves minutes, then handed to Company Secretary

Compliance Confirmation

The voting process complied with:

  • Companies Act, 2013 and rules thereunder
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings
  • Relevant MCA and SEBI circulars

Additional Information

  • Notice Dispatch: AGM Notice dated 29th August, 2026 and Annual Report 2026 sent electronically on 3rd September, 2026
  • Total Outstanding Shares: 21,820,000
  • The Scrutinizer's report is specifically for submission to NSDL, Stock Exchange, and company purposes only, not for distribution to other parties