Company Disclosure: AGM Voting Results

Meeting Details

  • Date of AGM: Wednesday, August 19, 2026
  • Record Date: August 12, 2026
  • Total Shareholders: 61,683
  • Meeting Format: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Attendance: 67 shareholders attended through VC/OAVM (5 Promoters/Promoter Group, 62 Public)

Voting Process

  • Remote e-Voting Period: August 16, 2026 (9:00 AM IST) to August 18, 2026 (5:00 PM IST)
  • e-Voting During AGM: Conducted through NSDL's platform
  • Scrutinizer: Bhaskar Upadhyay, Practising Company Secretary (FCS 8663) of N L Bhatia & Associates
  • Total Outstanding Shares: 44,942,092

Resolution-wise Voting Results

Resolution 1: Adoption of Financial Statements
  • Purpose: To receive, consider, and adopt Audited Financial Statements with Board and Auditor reports for FY ended March 31, 2026
  • Resolution Type: Ordinary
  • Total Votes Polled: 38,466,383 shares (85.5910% of outstanding)
  • Results: 38,462,881 in favor (99.9909%), 3,502 against (0.0091%)
  • Promoter Voting: 32,102,999 shares voted 100% in favor
Resolution 2: Dividend Declaration
  • Purpose: To confirm Interim Dividend of ₹90 per equity share and declare Final Dividend of ₹60 per equity share (₹10 face value) for FY2026
  • Total Dividend: ₹150 per equity share
  • Resolution Type: Ordinary
  • Total Votes Polled: 38,466,857 shares (85.5920% of outstanding)
  • Results: 38,463,476 in favor (99.9912%), 3,381 against (0.0088%)
  • Promoter Voting: 32,102,999 shares voted 100% in favor
Resolution 3: Director Re-appointment
  • Purpose: To re-appoint Ms. Jana Marlen Ackermann (DIN: 10849470) who retires by rotation
  • Resolution Type: Ordinary
  • Total Votes Polled: 38,466,837 shares (85.5920% of outstanding)
  • Results: 38,148,995 in favor (99.1737%), 317,842 against (0.8263%)
  • Notable Opposition: Institutional holders voted 95.0186% in favor (4.9814% against), Non-institutions voted 86.5684% in favor (13.4316% against)
Resolution 4: Related Party Transactions
  • Purpose: Approval of Material Related Party Transactions with Bayer AG
  • Resolution Type: Ordinary
  • Promoter Interest: Yes (promoters abstained from voting)
  • Total Votes Polled: 6,363,394 shares (14.1591% of outstanding, only public shareholders voted)
  • Results: 6,358,375 in favor (99.9211%), 5,019 against (0.0789%)
  • Institutional Support: 99.9477% in favor
  • Non-institutional Support: 82.8419% in favor (17.1581% against)
Resolution 5: Cost Auditor Remuneration
  • Purpose: Ratification of remuneration payable to M/s. D. C. Dave & Co. (Firm Registration No. 000611) as Cost Auditors for FY2027
  • Resolution Type: Ordinary
  • Total Votes Polled: 38,466,837 shares (85.5920% of outstanding)
  • Results: 38,462,605 in favor (99.9890%), 4,232 against (0.0110%)
  • Promoter Voting: 32,102,999 shares voted 100% in favor

Overall Outcome

All five resolutions were passed by requisite majority. The scrutinizer's report confirms the validity of the voting process and results. The electronic voting data will remain with the scrutinizer until the Chairman approves and signs the meeting minutes.