Date, Location, and Type of Meeting

The 102nd Annual General Meeting was held on Wednesday, 12th August 2026, at 11:00 a.m. IST through Video Conference (VC) or Other Audio Visual Means (OAVM). The meeting commenced at 11:00 a.m. and concluded at 1:36 p.m. IST, including the time allowed for e-voting during the AGM.

Summary of Proposed Resolutions

The following seven resolutions were proposed and transacted at the AGM:

  • Resolution 1 (Ordinary Business): Approval of the audited financial statements (including consolidated) for the financial year ended 31st March 2026, the Report of the Board of Directors, and the Statutory Auditors' Report.
  • Resolution 2 (Ordinary Business): Declaration and payment of dividend of Rs. 4/- (400%) per equity share against the face value of Re. 1/- each.
  • Resolution 3 (Ordinary Business): Re-appointment of Mr Kanwardip Singh Dhingra (DIN: 02696670) as a Director of the Company.
  • Resolution 4 (Special Business): Re-appointment of Mr Abhijit Roy (DIN: 03439064) as Managing Director and CEO for a period of 4 consecutive years from 1st July 2027 up to 30th June 2031.
  • Resolution 5 (Special Business): Payment of remuneration by way of commission within the overall limit of 1% of the Net Profits of the Company for the financial year 2026-2027 to Ms Rishma Kaur (DIN: 00043154), Non-Executive, Non-Independent Chairman.
  • Resolution 6 (Special Business): Payment of remuneration by way of commission within the overall limit of 1% of the Net Profits of the Company for the financial year 2026-2027 to Mr Kanwardip Singh Dhingra (DIN: 02696670), Non-Executive, Non-Independent Vice Chairman.
  • Resolution 7 (Ordinary Business): Ratification of remuneration to be paid to the Cost Auditors, M/s N Radhakrishnan & Co. (Firm Registration No. 000056) and M/s Shame and Banerjee (Firm Registration No. 000001), for the financial year 2026-2027.

Voting Process and Methods

The Company availed the services of NSDL for remote e-voting and e-voting during the AGM. The remote e-voting period commenced on Sunday, 9th August 2026 at 9:00 A.M. IST and ended on Tuesday, 11th August 2026 at 5:00 P.M. IST. E-voting during the AGM was also provided for eligible members who had not cast their votes remotely. The voting rights were based on the number of shares held as on the Record Date, Wednesday, 5th August 2026. Mr A.K. Labh of M/s A.K. Labh & Co., Company Secretaries, was appointed as the Scrutinizer to scrutinize the voting process in a fair and transparent manner.

Key Voting Outcomes

Based on the Consolidated Scrutinizer's Report dated 12th August 2026, all resolutions were passed with the requisite majority. The detailed voting results are as follows:

  • Resolution 1:
  • Voted in favour: 665 members, 105,789,862 votes (99.9541%)
  • Voted against: 19 members, 485,541 votes (0.0459%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 2:
  • Voted in favour: 670 members, 105,838,834 votes (99.9999%)
  • Voted against: 15 members, 415 votes (0.0001%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 3:
  • Voted in favour: 627 members, 105,488,075 votes (99.6686%)
  • Voted against: 59 members, 3,508,006 votes (0.3314%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 4:
  • Voted in favour: 609 members, 105,332,737 votes (99.5218%)
  • Voted against: 78 members, 5,061,381 votes (0.4782%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 5:
  • Voted in favour: 614 members, 105,642,446 votes (99.8162%)
  • Voted against: 69 members, 1,945,680 votes (0.1838%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 6:
  • Voted in favour: 619 members, 105,645,338 votes (99.8171%)
  • Voted against: 65 members, 1,935,350 votes (0.1829%)
  • Invalid votes: 1 member, 62,301 votes
  • Resolution 7:
  • Voted in favour: 662 members, 105,837,763 votes (99.9989%)
  • Voted against: 23 members, 11,119 votes (0.0011%)
  • Invalid votes: 1 member, 62,301 votes

Scrutinizer's Role and Findings

Mr A.K. Labh was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. He verified the e-voting data from NSDL, counted the votes, and prepared the results. The votes were unblocked on 12th August 2026 at around 1:50 P.M. IST in the presence of two witnesses: Mr Rohit Kumar and Ms Anushree Dasgupta. The Scrutinizer confirmed that all resolutions were passed with the requisite majority and that the voting process was fair and transparent.

Compliance with Laws and Regulations

The AGM was conducted in accordance with the applicable provisions of the Companies Act, 2013, circulars issued by the Ministry of Corporate Affairs (MCA), SEBI Listing Regulations, and the Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India. The Company confirmed compliance with all regulatory requirements, including the appointment of a Scrutinizer and the use of NSDL for e-voting.