Key Resolutions and Voting Results

Resolution 1: Approval for Buyback of Equity Shares (Special Resolution)

  • Result: Passed with requisite majority
  • Total Votes Polled: 217,001,660 shares (77.64% of outstanding shares)
  • Votes in Favor: 216,651,469 shares (99.84% of votes polled)
  • Votes Against: 350,191 shares (0.16% of votes polled)

Category-wise Breakdown for Buyback Resolution:

  • Promoter and Promoter Group: 153,756,828 shares held; 145,085,107 votes polled (94.36% turnout); 100% in favor
  • Public Institutions: 65,026,941 shares held; 56,216,018 votes polled (86.45% turnout); 55,941,417 in favor (99.51%), 274,601 against (0.49%)
  • Public Non-Institutions: 60,714,069 shares held; 15,700,535 votes polled (25.86% turnout); 15,624,945 in favor (99.52%), 75,590 against (0.48%)

Resolution 2: Re-appointment of Pradeep Shrivastava as Executive Director (Special Resolution)

  • Result: Passed with requisite majority
  • Total Votes Polled: 216,919,322 shares (77.61% of outstanding shares)
  • Votes in Favor: 207,029,489 shares (95.44% of votes polled)
  • Votes Against: 9,889,833 shares (4.56% of votes polled)

Category-wise Breakdown for Director Reappointment:

  • Promoter and Promoter Group: 153,756,828 shares held; 145,085,107 votes polled (94.36% turnout); 100% in favor
  • Public Institutions: 65,026,941 shares held; 56,131,566 votes polled (86.32% turnout); 46,246,487 in favor (82.39%), 9,885,079 against (17.61%)
  • Public Non-Institutions: 60,714,069 shares held; 15,702,649 votes polled (25.86% turnout); 15,697,895 in favor (99.97%), 4,754 against (0.03%)

Process Details

  • Postal Ballot Notice Date: 14 May 2026
  • Cut-off Date: 8 May 2026
  • Total Shareholders on Cut-off Date: 333,717
  • Remote e-voting Period: 18 May 2026 (9:00 AM IST) to 16 June 2026 (5:00 PM IST)
  • Scrutinizer: Vaibhav Dandawate (ACS No. 51538, CP No. 27947), Partner of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries
  • Results Announced By: Chairman Niraj Bajaj on 18 June 2026

Additional Notes

  • Votes polled exclude abstained votes and less voted
  • No shares with differential voting rights in the company
  • No restriction applied to Foreign Portfolio Investors' voting rights as per SEBI Master Circular dated 30 May 2024