The company also submitted the Scrutinizer's Report dated July 27, 2026, prepared by Bhaveshkumar Arjunkumar Rawal, Practicing Company Secretary, as required under Section 108 of the Companies Act, 2013 and Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014.

All six resolutions set out in the AGM notice were duly approved by shareholders with requisite majority based on the Scrutinizer's Report.

Meeting Attendance Details

  • Total number of shareholders on record date: 20,208
  • Number of shareholders present in meeting: 0
  • Number of shareholders attended through video conferencing: 39 (9 Promoters/Promoter Group, 30 Public)
  • Number of resolutions passed: 6

Resolution Details

Resolution 1 - Ordinary Resolution

Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the report of the Board of Directors and report of the Statutory Auditor thereon.

  • Total votes polled: 99,380,987 shares (70.6574% of outstanding shares)
  • Votes in favor: 99,380,987 shares (100% of votes polled)
  • Votes against: 0 shares
  • Resolution: Passed

Resolution 2 - Ordinary Resolution

Declaration of dividend on equity shares @ 1% i.e. Re.0.01/- per share.

  • Total votes polled: 99,380,987 shares (70.6574% of outstanding shares)
  • Votes in favor: 99,380,985 shares (99.9999% of votes polled)
  • Votes against: 2 shares (0.0001% of votes polled)
  • Resolution: Passed

Resolution 3 - Ordinary Resolution

Re-appointment of Mr. Nikhil Harbanslal Bhatia (DIN: 02063706), who retires by rotation.

  • Total votes polled: 1,798,485 shares
  • Votes in favor: 1,798,385 shares (99.9944% of votes polled)
  • Votes against: 100 shares (0.0056% of votes polled)
  • Resolution: Passed

Resolution 4 - Special Resolution

Appointment of Statutory Auditors and approval of their remuneration.

  • Total votes polled: 99,380,987 shares (70.6574% of outstanding shares)
  • Votes in favor: 99,380,985 shares (99.9999% of votes polled)
  • Votes against: 2 shares (0.0001% of votes polled)
  • Resolution: Passed

Resolution 5 - Special Resolution

Increasing the overall Borrowing Limits under Section 180 of the Companies Act, 2013.

  • Total votes polled: 99,380,987 shares (70.6574% of outstanding shares)
  • Votes in favor: 99,380,885 shares (99.9999% of votes polled)
  • Votes against: 102 shares (0.0001% of votes polled)
  • Resolution: Passed

Resolution 6 - Special Resolution

Approval for loans, investments, guarantee or security under Section 186 of the Companies Act, 2013.

  • Total votes polled: 99,380,987 shares (70.6574% of outstanding shares)
  • Votes in favor: 99,380,885 shares (99.9999% of votes polled)
  • Votes against: 102 shares (0.0001% of votes polled)
  • Resolution: Passed

Shareholding Pattern and Voting Participation

  • Promoter and Promoter Group shares: 97,688,502 shares
  • Public Institutions shares: 11,275,000 shares
  • Public Non-Institutions shares: 31,688,498 shares
  • Total outstanding shares: 140,652,000 shares

Scrutinizer Report Details

  • Scrutinizer: Bhaveshkumar Arjunkumar Rawal, Practicing Company Secretary (Membership No. 8812)
  • E-voting period: July 22, 2026 at 9:00 a.m. to July 24, 2026 at 5:00 p.m.
  • Cut-off date for voting eligibility: July 18, 2026
  • Votes unblocked on: July 25, 2026 at 01:38 p.m. in presence of witnesses Mr. Siddharth Ashok Joshi and Ms. Sweta Jitendra Agola
  • E-voting agency: National Securities Depository Limited (NSDL)

Invalid Votes

All categories (Promoter and Promoter Group, Public Institutions, Public Non-Institutions) recorded 0 invalid votes across all resolutions.