Meeting Details
- Date: Tuesday, September 1, 2026
- Time: 11:30 A.M. (IST)
- Location: Conducted through Video Conferencing/Other Audio-Visual Mode (VC/OAVM)
- Type: 33rd Annual General Meeting
Proposed Resolutions and Implications
Six resolutions were proposed and passed at the AGM:
1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors
2. Ordinary Resolution: To appoint Mr. Aditya Misra (DIN: 09376632) as Director who retires by rotation
3. Ordinary Resolution: Appointment of M S K A & Associates, LLP as Statutory Auditors
4. Special Resolution: To increase borrowing limit from INR 8,000 crores to INR 10,000 crores under Section 180(1)(c) of Companies Act, 2013
5. Special Resolution: To create charges on company assets under Section 180(1)(a) to secure borrowings
6. Special Resolution: To approve issuance of Non-Convertible Debentures in one or more tranches on private placement basis
Voting Process and Methods
The voting was conducted through:
- Remote e-voting: Available from Saturday, August 29, 2026 at 09:00 A.M. (IST) to Monday, August 31, 2026 at 05:00 P.M. (IST) via CDSL platform (www.evotingindia.com)
- E-voting during AGM: Available for members attending the virtual meeting
- Cut-off date: Tuesday, August 25, 2026 for determining voting eligibility
Key Voting Outcomes
Overall Participation
- Total Paid-up Equity Share Capital: INR 49,35,71,332
- Total Equity Shares: 24,67,85,666 shares of INR 2 each
- Total Votes Cast: 14,42,35,490 shares (58.4457% of outstanding shares)
Resolution-wise Results:
Resolution 1 (Ordinary - Financial Statements)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,42,35,488 shares (100%)
- Against: 2 shares (0%)
- Result: Passed
Resolution 2 (Ordinary - Director Re-appointment)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,29,62,855 shares (99.1177%)
- Against: 12,72,635 shares (0.8823%)
- Result: Passed
Resolution 3 (Ordinary - Statutory Auditors)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,42,35,488 shares (100%)
- Against: 2 shares (0%)
- Result: Passed
Resolution 4 (Special - Borrowing Limit Increase)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,42,35,487 shares (100%)
- Against: 3 shares (0%)
- Result: Passed
Resolution 5 (Special - Creation of Charges)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,42,35,372 shares (99.9999%)
- Against: 118 shares (0.0001%)
- Result: Passed
Resolution 6 (Special - NCD Issuance)
- Total Votes: 14,42,35,490 shares
- In Favor: 14,42,35,487 shares (100%)
- Against: 3 shares (0%)
- Result: Passed
Participation Breakdown by Category:
The scrutinizer's report shows detailed breakdown of votes from different shareholder categories including Public Institutions and Public Non-Institutions. Notably, there was no participation from Promoter and Promoter Group shareholders in any resolution.
Scrutinizer's Role and Findings
- Scrutinizer: Kapil Dev Taneja (Membership No. F4019, C.O.P. No.: 22944), Partner of M/s Sanjay Grover & Associates, Company Secretaries
- Appointment: By Board of Directors at meeting held on July 22, 2026
- Responsibilities: Scrutinizing the voting process and preparing consolidated report based on CDSL e-voting system reports
- Vote Unblocking: E-votes were unblocked on September 1, 2026 around 12:28 P.M. (IST) in presence of witnesses Mr. Harshit Saxena and Mr. Vipin Dhameja
- Data Reconciliation: E-voting data was reconciled with records maintained by KFin Technologies Limited, RTA of the Company
Compliance with Laws and Regulations
The voting process complied with:
- Section 108 of Companies Act, 2013
- Rule 20 of Companies (Management and Administration) Rules, 2014
- MCA Circulars (20/2020, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025)
- SEBI Listing Regulations and relevant circulars
- Newspaper advertisements were published in Financial Express (English) and Jansatta (Hindi) on August 8, 2026 and August 11, 2026