Meeting Details

The 38th Annual General Meeting was held on Monday, September 21, 2026, in Physical Mode at Madhuban Resort & Spa, Anand-Sojitra Road, Vallabh Vidyanagar, 388120, Gujarat, India, at 3:00 p.m. The meeting ended at 4:10 p.m.

Voting Process

Remote e-voting commenced on Friday, September 18, 2026 (9:00 a.m.) and ended on Sunday, September 20, 2026 (5:00 p.m.). E-voting facility was also provided during the AGM for members who attended in person but had not voted remotely.

Record Date

September 14, 2026

Shareholding Structure

Total number of shareholders on record date: 48,968

Total shares outstanding: 76,896,625

Attendance

  • Promoters and Promoter Group present: 5 members
  • Public shareholders present: 44 members
  • No shareholders attended through video conferencing

Scrutinizer Details

Name: Mayank Joshi

Firm: Nandaniya Joshi & Associates

Qualification: CS

Membership Number: A26685

Date of Board Meeting appointment: August 27, 2026

Date of Report issuance: September 22, 2026

Resolution Outcomes

All six resolutions proposed at the 38th AGM were approved by members with requisite majority. The resolutions are deemed to have been passed on the date of the AGM, September 21, 2026, as per Section 108 of the Companies Act, 2013.

Detailed Voting Results

Resolution 1: Adoption of Financial Statements

  • Description: To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.
  • Resolution type: Ordinary
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 66,200,923 (100.0000% of votes polled)
  • Votes against: 23 (0.0001% of votes polled)
  • Result: Passed

Resolution 2: Appointment of Director

  • Description: To appoint Mr. Amish Patel (DIN: 02234678), Whole Time Director, who retires by rotation as a director
  • Resolution type: Ordinary
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 66,109,528 (99.8619% of votes polled)
  • Votes against: 91,418 (0.1381% of votes polled)
  • Result: Passed

Resolution 3: Ratification of Cost Auditors' Remuneration

  • Description: To ratify the remuneration of the Cost Auditors for the financial year 2026-27
  • Resolution type: Ordinary
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 66,109,578 (99.8620% of votes polled)
  • Votes against: 91,368 (0.1380% of votes polled)
  • Result: Passed

Resolution 4: Appointment of Secretarial Auditor

  • Description: To appoint M/s Nandaniya Joshi & Associates, Practising Company Secretaries, Vadodara as Secretarial Auditor of the Company for five financial years i.e. (2026-27 to 2030-31)
  • Resolution type: Ordinary
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 66,109,578 (99.8620% of votes polled)
  • Votes against: 91,368 (0.1380% of votes polled)
  • Result: Passed

Resolution 5: Employee Stock Option Scheme 2026

  • Description: To Approve 'Atlanta Electricals Employee Stock Option Scheme 2026' ("ESOS 2026")
  • Resolution type: Special
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 64,254,488 (97.0598% of votes polled)
  • Votes against: 1,946,458 (2.9402% of votes polled)
  • Notable opposition: Public Institutions voted 42.6175% against this resolution
  • Result: Passed

Resolution 6: Extension of ESOS 2026

  • Description: To extend approval of 'Atlanta Electricals Employee Stock Option Scheme 2026' ("ESOS 2026") to the employees of Holding Company(ies), its Subsidiary Company(ies) And/Or Associate Company(ies), Group Company(ies) [Present and Future]
  • Resolution type: Special
  • Promoter interest: No
  • Total votes polled: 66,200,946 (86.09% of outstanding shares)
  • Votes in favor: 64,254,488 (97.0598% of votes polled)
  • Votes against: 1,946,458 (2.9402% of votes polled)
  • Notable opposition: Public Institutions voted 42.6175% against this resolution
  • Result: Passed

Voting Participation Breakdown

Promoter and Promoter Group

  • Shares held: 67,111,450 (87.27% of total)
  • Votes polled: 61,208,600 (91.2044% of shares held)
  • Unanimous support: 100% in favor across all resolutions

Public Institutions

  • Shares held: 5,006,694 (6.51% of total)
  • Votes polled: 4,566,941 (91.2167% of shares held)
  • Significant opposition: Voted 42.6175% against the ESOS resolutions (5 & 6)

Public Non-Institutions

  • Shares held: 4,778,481 (6.21% of total)
  • Votes polled: 425,405 (8.9025% of shares held)
  • Strong support: Over 99.98% in favor across most resolutions

Scrutinizer Report Details

The scrutinizer verified the remote e-voting process and electronic voting conducted during the AGM. The voting data was unblocked from the e-voting system after completion of the AGM in the presence of two witnesses: Mr. Jainam Joshi and Ms. Gargi Trivedi.

The company used MUFG Intime India Private Limited as the e-voting agency. The notice of the AGM was sent to members on August 28, 2026, and published in Financial Express (English and Gujarati editions) on August 29, 2026.

Additional Information

The above information is also available on the company's website: www.aetrafo.com