Meeting Details

  • Type of Meeting: Annual General Meeting (AGM)
  • Date: September 28, 2026
  • Time: 10:30 AM to 11:28 AM (IST)
  • Location: Conducted through video conferencing/other audio-visual means
  • Record Date: September 21, 2026
  • Total Shareholders on Record Date: 46,301

Proposed Resolutions and Implications

The AGM considered and passed eight resolutions:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated)

2. Ordinary Resolution: Appointment of Mr. Venkatraman Venkitachalam (DIN: 05008694) as Director liable to retire by rotation

3. Ordinary Resolution: Appointment of Mr. Abhay Maheshwari (DIN: 08004819) as Non-Executive, Non-Independent Director

4. Special Resolution: Approval for Material Related Party Transactions - Corporate Guarantee and Security to be availed from Mistral Solutions Private Limited (subsidiary)

5. Special Resolution: Appointment of Ms. Ashmita Sethi (DIN: 08660491) as Non-Executive, Independent Director

6. Special Resolution: Payment of Commission to Non-Executive Directors

7. Special Resolution: Approval for borrowing limits of the Company

8. Special Resolution: Approval for creation of charge on the assets of the Company

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM) through KFin Technologies Limited
  • E-voting at AGM: Provided for shareholders present at the virtual meeting who had not voted remotely
  • Scrutinizer: Pramod S.M. (FCS No.: 7834; CP No.: 13784) of M/s BMP & Co. LLP was appointed on August 13, 2026

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 42,533,489
  • Total Votes Cast: 24,764,642 shares (58.2239% of outstanding shares)
  • Public Shareholders Attended via VC: 63

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Total Votes: 24,764,607 (99.9999% for, 0.0001% against)
  • Promoter Group: 23,682,047 votes (100% for)
  • Public Institutions: 886,321 votes (100% for)
  • Public Non-Institutions: 196,239 votes (99.9822% for, 0.0178% against)

Resolution 2 - Appointment of Venkatraman Venkitachalam

  • Total Votes: 24,764,253 (99.9984% for, 0.0016% against)
  • Public Institutions: 885,967 votes (99.9601% for, 0.0399% against)

Resolution 3 - Appointment of Abhay Maheshwari

  • Total Votes: 24,764,652 (99.9999% for, 0.0001% against)

Resolution 4 - Related Party Transaction with Mistral Solutions

  • Total Votes: 24,764,652 (99.9999% for, 0.0001% against)

Resolution 5 - Appointment of Ashmita Sethi

  • Total Votes: 24,660,952 (99.5811% for, 0.4189% against)
  • Public Institutions: 782,621 votes (88.3% for, 11.7% against)

Resolution 6 - Commission to Non-Executive Directors

  • Total Votes: 24,730,171 (99.8607% for, 0.1393% against)
  • Public Institutions: 851,917 votes (96.1183% for, 3.8817% against)

Resolution 7 - Borrowing Limits

  • Total Votes: 24,764,652 (99.9999% for, 0.0001% against)

Resolution 8 - Creation of Charge on Assets

  • Total Votes: 24,764,652 (99.9999% for, 0.0001% against)

Shareholder Category Participation:

  • Promoter & Promoter Group: 23,682,047 shares voted (100% of their holding)
  • Public Institutions: 886,321 shares voted (59.5421% of their holding)
  • Public Non-Institutions: 196,274-196,319 shares voted (1.1304-1.1307% of their holding)

Scrutinizer's Role and Findings

Pramod S.M. of BMP & Co. LLP was appointed as scrutinizer. The scrutinizer:

  • Verified the remote e-voting and e-voting at AGM process
  • Unblocked votes on September 28, 2026 at 11:42 AM in presence of two witnesses (Ms. Aryushi Agarwal and Ms. Ishika Basu)
  • Confirmed all resolutions were passed with requisite majority
  • Reported no invalid votes across all resolutions
  • Noted that voting percentages were rounded to 4 decimal points

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars 14/2020, 17/2020, and 03/2025
  • Secretarial Standard on General Meetings (SS-2)