Voting Results Overview

The 42nd AGM was held on Tuesday, 21st July 2026 through Video Conferencing/Other Audio Visual Means facility. Remote e-voting was available from 9:30 AM on Saturday, 18th July 2026 to 5:00 PM on Monday, 20th July 2026. All five resolutions set out in the Notice of 42nd AGM were duly passed with requisite majority.

Resolution-wise Voting Details

Resolution 1: Adoption of Annual Accounts (Ordinary Resolution)

  • Purpose: To receive, consider and adopt:

(a) Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors

(b) Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Auditors

  • Total Shares Voted: 153,664,627 shares (61.7478% of outstanding shares)
  • Votes in Favour: 153,663,177 shares (99.9991% of votes polled)
  • Votes Against: 1,450 shares (0.0009% of votes polled)
  • Promoter Voting: 143,024,997 shares voted (100% in favour)
  • Public Institutions: 1,503,362 shares voted (100% in favour)
  • Public Non-Institutions: 9,136,268 shares voted (99.9841% in favour, 0.0159% against)

Resolution 2: Declaration of Dividend (Ordinary Resolution)

  • Purpose:

(a) Confirmation of payment of Three Interim Dividends of Re. 1/- each (300%) for FY ended 31st March 2026

(b) Declaration of Final Dividend of Re. 1/- (100%) per Equity Share of Re. 1/- each fully paid up for FY ended 31st March 2026

  • Total Shares Voted: 153,699,322 shares (61.7617% of outstanding shares)
  • Votes in Favour: 153,697,872 shares (99.9991% of votes polled)
  • Votes Against: 1,450 shares (0.0009% of votes polled)
  • Promoter Voting: 143,024,997 shares voted (100% in favour)
  • Public Institutions: 1,538,057 shares voted (100% in favour)
  • Public Non-Institutions: 9,136,268 shares voted (99.9841% in favour, 0.0159% against)

Resolution 3: Re-appointment of Director (Ordinary Resolution)

  • Purpose: Re-appointment of Mr. Dilip Krushnarao Shendre (DIN: 10566412) as Director who retired by rotation
  • Total Shares Voted: 153,699,322 shares (61.7617% of outstanding shares)
  • Votes in Favour: 153,697,870 shares (99.9991% of votes polled)
  • Votes Against: 1,452 shares (0.0009% of votes polled)
  • Note: One shareholder holding 4 shares cast 2 votes in favour and 2 votes against
  • Promoter Voting: 143,024,997 shares voted (100% in favour)
  • Public Institutions: 1,538,057 shares voted (99.9817% in favour, 0.0183% against - 282 shares against)
  • Public Non-Institutions: 9,136,268 shares voted (99.9841% in favour, 0.0159% against)

Resolution 4: Re-appointment and Remuneration of Whole-time Director (Ordinary Resolution)

  • Purpose: Re-appointment and payment of remuneration to Mr. Dilip Krushnarao Shendre (DIN: 10566412) as Whole-time Director for 3 years w.e.f. 1st April 2026 to 31st March 2029
  • Total Shares Voted: 153,699,322 shares (61.7617% of outstanding shares)
  • Votes in Favour: 153,697,588 shares (99.9989% of votes polled)
  • Votes Against: 1,734 shares (0.0011% of votes polled)
  • Note: One shareholder holding 4 shares cast 2 votes in favour and 2 votes against
  • Promoter Voting: 143,024,997 shares voted (100% in favour)
  • Public Institutions: 1,538,057 shares voted (99.9817% in favour, 0.0183% against - 282 shares against)
  • Public Non-Institutions: 9,136,268 shares voted (99.9841% in favour, 0.0159% against)

Resolution 5: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Purpose: Ratification of remuneration payable to M/s. Joshi Apte & Associates, Cost Accountants, Pune (FRN-000240) for conducting audit of cost records for FY 2026-27
  • Total Shares Voted: 153,699,322 shares (61.7617% of outstanding shares)
  • Votes in Favour: 153,697,870 shares (99.9991% of votes polled)
  • Votes Against: 1,452 shares (0.0009% of votes polled)
  • Note: One shareholder holding 4 shares cast 2 votes in favour and 2 votes against
  • Promoter Voting: 143,024,997 shares voted (100% in favour)
  • Public Institutions: 1,538,057 shares voted (100% in favour)
  • Public Non-Institutions: 9,136,268 shares voted (99.9841% in favour, 0.0159% against)

Scrutinizer Report Details

Mr. Himanshu S. Kamdar, Partner of M/s. Rathi & Associates, Practicing Company Secretaries (COP No. 3030) was appointed as Scrutinizer. The scrutinizer report dated 22nd July 2026 confirms the voting process was carried out in a fair and transparent manner.

Participation Statistics

  • Total Outstanding Shares: 248,858,460
  • Total Shareholders who Voted: 111 members
  • Remote e-voting prior to AGM: 91 members voted 86,965,577 shares
  • E-voting during AGM: 20 members voted 66,733,745 shares
  • Promoter Shareholding: 143,024,997 shares (57.47%)
  • Public Institutions Shareholding: 3,581,043 shares (1.44%)
  • Public Non-Institutions Shareholding: 102,252,420 shares (41.09%)

Document Availability

The voting results along with Scrutinizer's Report are available on the company website (https://www.bhansaliabs.com/) and on the website of MUFG Intime India Pvt. Ltd. (https://instavote.linkintime.co.in/)