Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Bedmutha Industries Limited

Meeting Details

The 36th AGM of Bedmutha Industries Limited (CIN: L31200MH1990PLC057863) was held on Monday, September 28, 2026, at 11:45 AM (IST). The meeting was conducted entirely through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting started at 11:45 AM and ended at 1:00 PM.

Proposed Resolutions and Implications

The meeting considered ten resolutions, comprising both Ordinary and Special Business:

ORDINARY BUSINESS:

1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors.

2. Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Report of Auditors.

3. Re-Appointment of Mr. Ajay Vedmutha (DIN: 01726879) as a Director liable to retire by rotation.

4. Ratification of remuneration to be paid to the Cost Auditors for the financial year 2026-27.

SPECIAL BUSINESS:

5. Approval of remuneration payable to Mr. Kachardas ratanchand Bedmutha (DIN: 00715619), Whole-Time Director (designated as Chairman), effective from April 1, 2026, to August 9, 2027.

6. Approval of remuneration payable to Mr. Vijay Vedmutha (DIN: 00716056), Managing Director, effective from April 1, 2026, to November 13, 2027.

7. Approval of remuneration payable to Mr. Ajay Vedmutha (DIN: 01726879), Managing Director, effective from April 1, 2026, to November 13, 2028.

8. Approval for increase in remuneration payable to Mrs. Vinita Ajay Vedmutha, Senior CEO, effective from April 1, 2026.

9. Approval of material related party transaction(s) with MNE Components India Private Limited for one year.

10. Approval of material related party transaction(s) with Arian Innovations Private Limited for one year.

The implications include the formal adoption of the company's annual accounts, the continuation of key management personnel, and the authorization of significant related-party transactions.

Voting Process and Methods

The voting process involved two methods:

1. Remote E-Voting: Commenced at 9:00 AM (IST) on Friday, September 25, 2026, and ended at 5:00 PM (IST) on Sunday, September 27, 2026. The service was provided by MUFG Intime India Private Limited.

2. E-Voting at the AGM: Provided for shareholders attending the AGM via VC/OAVM who had not cast their votes via remote e-voting.

The cut-off date for determining eligibility to vote was Monday, September 21, 2026. There was no physical voting; all voting was electronic.

Key Voting Outcomes

The Scrutinizer, Vishwanath (ACS:14521; CP:25099) of Sharma and Trivedi LLP, was appointed by the Board on August 12, 2026. The report details the votes cast for each resolution.

Summary of Total Valid Votes Cast:

| Resolution | Type | Total Valid Votes | Votes in Favor | % in Favor | Votes Against | % Against | Result |

| 1 | Ordinary | 2,62,18,628 | 2,62,18,621 | 99.99997% | 7 | 0.00003% | Passed |

| 2 | Ordinary | 2,62,18,628 | 2,62,18,621 | 99.99997% | 7 | 0.00003% | Passed |

| 3 | Ordinary | 2,27,42,164 | 2,27,42,157 | 99.99997% | 7 | 0.00003% | Passed |

| 4 | Ordinary | 2,62,18,628 | 2,62,18,621 | 99.99997% | 7 | 0.00003% | Passed |

| 5 | Special | 2,38,76,655 | 2,38,76,648 | 99.99997% | 7 | 0.00003% | Passed |

| 6 | Special | 2,27,91,396 | 2,27,91,389 | 99.99997% | 7 | 0.00003% | Passed |

| 7 | Special | 2,14,64,851 | 2,14,64,844 | 99.99997% | 7 | 0.00003% | Passed |

| 8 | Special | 76,99,256 | 76,99,249 | 99.9999% | 7 | 0.0001% | Passed |

| 9 | Ordinary | 76,99,256 | 76,99,249 | 99.9999% | 7 | 0.0001% | Passed |

| 10 | Ordinary | 76,99,256 | 76,99,249 | 99.9999% | 7 | 0.0001% | Passed |

Participation Breakdown:

The total number of shareholders on the record date (September 21, 2026) was 6,708.

  • 52 Public shareholders attended the meeting via VC/OAVM.
  • 7 Promoters/Promoter Group members attended the meeting via VC/OAVM.

Abstentions & Interested Parties:

  • Resolution 3 & 7: 1 folio holding 34,76,464 equity shares (interested person) did not vote.
  • Resolution 5: 1 folio holding 23,41,973 equity shares (interested person) did not vote.
  • Resolution 6: 1 folio holding 34,27,232 equity shares (interested person) did not vote.
  • Resolution 7: 1 folio holding 12,77,313 equity shares abstained from voting.
  • Resolutions 8, 9, 10: 4 folios holding 1,14,176 equity shares abstained. 10 folios holding 1,84,05,196 equity shares (interested persons) did not vote.
  • Resolution 10: 1 folio holding 12,77,313 equity shares (interested person) was considered invalid.

Scrutinizer's Role and Findings

Vishwanath, the appointed Scrutinizer, was responsible for ensuring a fair and transparent voting process. The scrutinizer:

  • Scrutinized the remote e-voting data downloaded from MUFG Intime India Private Limited's system.
  • Consolidated the votes from both remote e-voting and e-voting at the AGM.
  • Submitted a report to the Chairman detailing the total votes cast for and against each resolution.
  • Concluded that all resolutions were passed with the requisite majority as per the Companies Act, 2013.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of the SEBI (LODR) Regulations, 2015.
  • Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended).
  • Relevant MCA Circulars and SEBI Circulars governing e-voting and the conduct of AGMs through VC/OAVM.

The report and results have been uploaded to the company's website (www.bedmutha.com) and the website of the e-voting provider (https://instavote.linkintime.co.in/).