Meeting Details

  • Date of Meeting: Tuesday, 15th September 2026
  • Time: 09:30 AM to 12:30 PM
  • Location: Registered office at Bhandari House, Village Meharban, Rahon Road, Ludhiana-141007
  • Type of Meeting: Annual General Meeting (AGM)
  • Record Date: 08.09.2026
  • Total Shareholders on Record Date: 99,568

Resolution Summary and Voting Outcomes

Five resolutions were considered and passed at the meeting:

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Description: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with Reports of Auditors and Directors
  • Total Votes Polled: 146,622,584 shares (44.0366% of outstanding shares)
  • Votes in Favor: 146,622,513 shares (100.0000% of votes polled)
  • Votes Against: 71 shares (0.0000% of votes polled)
  • Result: Passed

Resolution 2: Dividend Declaration

  • Type: Ordinary Resolution
  • Description: To consider declaration of dividend on Equity Shares for the financial year ended 31st March 2026
  • Promoter Interest: No
  • Total Votes Polled: 146,622,584 shares (44.0366% of outstanding shares)
  • Votes in Favor: 146,622,453 shares (99.9999% of votes polled)
  • Votes Against: 131 shares (0.0001% of votes polled)
  • Result: Passed

Resolution 3: Director Re-appointment

  • Type: Ordinary Resolution
  • Description: To appoint a Director in place of Mr. Vikas Nayar (DIN: 00071047) who retires by rotation
  • Promoter Interest: No
  • Total Votes Polled: 146,622,584 shares (44.0366% of outstanding shares)
  • Votes in Favor: 146,622,453 shares (99.9999% of votes polled)
  • Votes Against: 131 shares (0.0001% of votes polled)
  • Result: Passed

Resolution 4: Managing Director Re-appointment

  • Type: Special Resolution
  • Description: To re-appoint Mr. Nitin Bhandari as Chairman & Managing Director for 5 years w.e.f. 22.11.2026
  • Promoter Interest: Yes
  • Total Votes Polled: 146,622,584 shares (44.0366% of outstanding shares)
  • Votes in Favor: 146,622,453 shares (99.9999% of votes polled)
  • Votes Against: 131 shares (0.0001% of votes polled)
  • Result: Passed

Resolution 5: Remuneration Increase

  • Type: Special Resolution
  • Description: To consider and approve increase in remuneration of Mr. Nitin Bhandari, Chairman & Managing Director
  • Promoter Interest: Yes
  • Total Votes Polled: 146,622,584 shares (44.0366% of outstanding shares)
  • Votes in Favor: 146,491,824 shares (99.9108% of votes polled)
  • Votes Against: 130,760 shares (0.0892% of votes polled)
  • Result: Passed

Voting Process and Participation

  • Voting Methods: E-voting and physical polling
  • Total Shares Outstanding: 332,956,433 shares
  • Shareholder Attendance: 34 shareholders present (5 promoters, 29 public)
  • No shareholders attended through video conferencing

Category-wise Voting Breakdown:

Promoter and Promoter Group (139,284,056 shares):

  • E-voting: 139,232,724 shares voted (99.9631% of promoter shares)
  • 100% approval across all resolutions

Public Institutions (0 shares):

  • No institutional shareholding

Public Non-Institutions (193,672,377 shares):

  • Total votes polled: 7,389,860 shares (3.8156% of public non-institution shares)
  • Over 99.99% approval for most resolutions
  • 98.23% approval for remuneration increase resolution

Scrutinizer Details

  • Name: Rajeev Bhambri
  • Firm: Rajeev Bhambri & Associates
  • Qualification: CS
  • Membership Number: 9491
  • Appointment Date: 13.08.2026
  • Report Date: 16.09.2026
  • EVSN: 260817007

Scrutinizer Findings

  • No invalid votes found in either e-voting or physical polling
  • Physical poll papers reconciled with company records and proxies
  • E-voting results obtained from CDSL platform
  • All relevant records sealed and handed over to authorized director
  • Compliance confirmed with Section 108 of Companies Act, 2013 and Rule 20(4) of Companies (Management and Administration) Rules, 2014

Compliance Confirmation

The company confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant provisions of the Companies Act, 2013.