Meeting Details

The 34th AGM was held on Wednesday, September 30, 2026, at 12:00 noon IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting concluded at 12:39 PM.

Summary of Proposed Resolutions and Implications

The AGM considered six resolutions:

Ordinary Business:

  • Item No. 1: Ordinary Resolution - Adoption of financial statements, reports, and declarations. (Specific description inferred from voting pattern; exact text not fully clear in data).
  • Item No. 2: Ordinary Resolution - To re-appoint Ms. Vilasitha Dandamudi (DIN: 08272465) as a director who retired by rotation.

Special Business:

  • Item No. 3: Ordinary Resolution - To approve the appointment of M/s. SVRL AND Co., Chartered Accountants, as the statutory auditor of the Company.
  • Item No. 4: Special Resolution - To consider and approve capital raising by issuance of equity shares through Qualified Institutions Placement (QIP) for an aggregate amount up to INR 150,00,00,000 (Indian Rupees One Hundred Fifty Crores only).
  • Item No. 5: Special Resolution - Re-appointment of Mr. N. Vidhya Sagar Reddy (DIN: 09474749) as a Managing Director of the Company.
  • Item No. 6: Special Resolution - Preferential Issue of Equity Shares of the Company to the Shareholders of Ampivo Smart Technologies Private Limited, for consideration other than cash.

Voting Process and Methods

The voting process consisted of two parts:

1. Remote e-voting: The period commenced on Sunday, September 27, 2026, at 9:00 AM and ended on Tuesday, September 29, 2026, at 5:00 PM.

2. E-voting during the AGM: Facility was provided during the meeting for shareholders who had not cast their vote via remote e-voting.

The e-voting facility for both phases was provided by National Securities Depository Limited (NSDL). The cut-off date for determining eligibility to vote was September 23, 2026. There was no physical polling as the meeting was held virtually.

Key Voting Outcomes

All resolutions were passed with the requisite majority. The scrutinizer's report provides the following consolidated results (Remote e-voting + e-voting during AGM):

Item No. 1: Ordinary Resolution

  • Total Valid Votes Cast: 200,956,580
  • Votes in Favour: 200,956,580 (100.00%)
  • Votes Against: 6,382 (0.00%)
  • Number of Members Voted: 168
  • Invalid Votes: NIL

Item No. 2: Ordinary Resolution (Re-appointment of Ms. Vilasitha Dandamudi)

  • Total Valid Votes Cast: 200,962,962
  • Votes in Favour: 200,949,934 (99.99%)
  • Votes Against: 13,028 (0.01%)
  • Number of Members Voted: 165 (in favour) + 18 (against) = 183
  • Invalid Votes: NIL

Item No. 3: Ordinary Resolution (Appointment of Statutory Auditor)

  • Total Valid Votes Cast: 200,962,962
  • Votes in Favour: 200,951,881 (99.99%)
  • Votes Against: 11,081 (0.01%)
  • Number of Members Voted: 167 (in favour) + 16 (against) = 183
  • Invalid Votes: NIL

Item No. 4: Special Resolution (QIP up to INR 150 Cr)

  • Total Valid Votes Cast: 200,962,962
  • Votes in Favour: 200,950,684 (99.99%)
  • Votes Against: 12,278 (0.01%)
  • Number of Members Voted: 167 (in favour) + 16 (against) = 183
  • Invalid Votes: NIL

Item No. 5: Special Resolution (Re-appointment of MD Mr. N. Vidhya Sagar Reddy)

  • Total Valid Votes Cast: 200,962,962
  • Votes in Favour: 200,951,631 (99.99%)
  • Votes Against: 11,331 (0.01%)
  • Number of Members Voted: 166 (in favour) + 17 (against) = 183
  • Invalid Votes: NIL

Item No. 6: Special Resolution (Preferential Issue to Ampivo Shareholders)

  • Total Valid Votes Cast: 200,962,962
  • Votes in Favour: 200,945,681 (99.99%)
  • Votes Against: 17,281 (0.01%)
  • Number of Members Voted: 165 (in favour) + 18 (against) = 183
  • Invalid Votes: NIL

Five members cast their votes using the e-voting facility specifically during the AGM.

Scrutinizer's Role and Findings

Shaik Ibraheem, Practicing Company Secretary (CP No. 24877, FCS No. 7642), proprietor of SI and Associates, was appointed as the Scrutinizer. His responsibilities included ensuring a fair and transparent voting process and consolidating the results from both remote e-voting and e-voting during the AGM based on reports generated by NSDL. He concluded that all resolutions were duly passed. The electronic data and voting records will remain in his custody until the Chairman signs the meeting minutes, after which they will be handed over to the Company Secretary for safekeeping.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • The notice for the AGM was sent to shareholders via email on September 4, 2026, and a public notice was published in The Visionary News (English) and Jaathia Vaartha Prapancham (Telugu) on September 5, 2026, per MCA and SEBI circulars.
  • A corrigendum notice was issued on September 25, 2026.

Additional Information

  • Company CIN: L62099TG1990PLC011721