Key Details of AGM and Voting Process

  • The 39th AGM was held on Friday, July 24, 2026 at 11:00 A.M. through Video Conferencing (VC) only, with no physical presence allowed.
  • The deemed venue was the Registered Office: 1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070.
  • Remote e-voting period commenced on Tuesday, July 21, 2026 at 09:00 A.M. and ended on Thursday, July 23, 2026 at 05:00 P.M. through NSDL's e-voting platform.
  • Cut-off date for determining voting rights was Wednesday, July 17, 2026.
  • 216 members attended the AGM through VC/OAVM as reported by NSDL.
  • Rupinder Singh Bhatia, Practicing Company Secretary (CP No.: 2514), was appointed as Scrutinizer for the voting process.
  • Notice of AGM was dispatched electronically on June 25, 2026, and newspaper advertisements were published in Financial Express (English) and Jansatta (Hindi) on June 26, 2026.

Voting Results

All five resolutions set out in the Notice of AGM dated May 6, 2026 were passed with requisite majority:

Resolution 1: Ordinary Resolution - Adoption of Audited Financial Statements

  • Total Votes: 4,77,22,636
  • Votes in Favor: 4,77,21,235 (99.997%)
  • Votes Against: 1,401 (0.003%)
  • Voters: 283 members

Resolution 2: Ordinary Resolution - Declaration of Dividend

  • Total Votes: 4,77,22,636
  • Votes in Favor: 4,77,21,235 (99.997%)
  • Votes Against: 1,401 (0.003%)
  • Voters: 283 members

Resolution 3: Ordinary Resolution - Re-appointment of Director

  • Re-appointment of Mr. Raman Venkat Challa (DIN: 07093663) who retired by rotation
  • Total Votes: 4,77,22,636
  • Votes in Favor: 4,77,20,991 (99.997%)
  • Votes Against: 1,645 (0.003%)
  • Voters: 283 members

Resolution 4: Special Resolution - Re-appointment of Whole Time Director

  • Re-appointment of Mr. Rishabh Relan (DIN: 07726444) as Whole Time Director
  • Total Votes: 4,77,22,636
  • Votes in Favor: 4,77,20,991 (99.997%)
  • Votes Against: 1,645 (0.003%)
  • Voters: 283 members

Resolution 5: Ordinary Resolution - Material Related Party Transactions

  • Approval of Material Related Party Transactions with Suzuki Motorcycle India Private Limited
  • Only votes by public shareholders considered as per Regulation 23 of SEBI (LODR) Regulations, 2015
  • Total Votes: 8,29,954
  • Votes in Favor: 8,28,553 (99.831%)
  • Votes Against: 1,401 (0.169%)
  • Voters: 276 members

Electronic Data Handling

The electronic data related to remote e-voting and e-voting done during the AGM has been handed over to Ms. Ritu Bakshi, Company Secretary and Compliance Officer, for safe preservation.