Meeting Details

The 31st Annual General Meeting was held on August 20, 2026, from 11:30 AM to 12:25 PM IST through Video Conferencing/Other Audio Visual Means. The record date for determining shareholders entitled to vote was August 13, 2026, with 110,851 shareholders on record holding 250,736,400 total shares.

Attendance

  • Promoters and Promoter Group: 6 attendees via video conferencing
  • Public shareholders: 107 attendees via video conferencing
  • No shareholders attended in person or through proxy

Voting Participation

Total votes polled: 233,243,451 shares (93.0234% of outstanding shares)

  • Promoter and Promoter Group: 185,216,400 shares voted (99.9876% of their holding)
  • Public Institutions: 47,972,959 shares voted (86.2398% of their holding)
  • Public Non-Institutions: 54,092 shares voted (0.5481% of their holding)

Resolution Outcomes

All nine resolutions were passed with requisite majority:

Item 1: Ordinary Resolution - Adoption of Financial Statements

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026
  • Results: 233,243,259 votes in favor (99.9999%), 192 votes against (0.0001%)
  • Passed unanimously

Item 2: Ordinary Resolution - Final Dividend Declaration

  • To declare a Final Dividend of ₹1.25 per equity share (125% of face value of ₹1.00 each) for FY2026
  • Results: 233,243,236 votes in favor (99.9999%), 215 votes against (0.0001%)
  • Passed unanimously

Item 3: Ordinary Resolution - Re-appointment of Director by Rotation

  • To appoint Mr. Deepak Agarwal (DIN: 00192890) who retires by rotation
  • Results: 232,441,639 votes in favor (99.6562%), 801,812 votes against (0.3438%)
  • Notable dissent from institutional shareholders: 98.3307% in favor, 1.6693% against

Item 4: Special Resolution - Re-appointment of Chairman & MD

  • Re-appointment of Mr. Deepak Agarwal (DIN: 00192890) as Chairman and Managing Director
  • Results: 218,331,247 votes in favor (93.6066%), 14,912,204 votes against (6.3934%)
  • Significant institutional dissent: 68.9175% in favor, 31.0825% against

Item 5: Special Resolution - Re-appointment of Whole-Time Director

  • Re-appointment of Mrs. Shweta Agarwal (DIN: 00619052) as Whole-Time Director
  • Results: 216,442,552 votes in favor (92.7968%), 16,800,894 votes against (7.2032%)
  • Institutional dissent: 64.9805% in favor, 35.0195% against

Item 6: Special Resolution - Re-appointment of Independent Director

  • Re-appointment of Mr. Nikhil Kishorchandra Vora (DIN: 05014606) as Non-Executive and Independent Director
  • Results: 219,260,159 votes in favor (94.0049%), 13,983,292 votes against (5.9951%)
  • Institutional dissent: 70.8539% in favor, 29.1461% against

Item 7: Special Resolution - Re-appointment of Independent Director

  • Re-appointment of Mr. Pulkit Anilkumar Bachhawat (DIN: 07685824) as Non-Executive and Independent Director
  • Results: 233,136,861 votes in favor (99.9543%), 106,590 votes against (0.0457%)
  • Nearly unanimous approval

Item 8: Special Resolution - Re-appointment of Independent Director

  • Re-appointment of Mrs. Richa Manoj Goyal (DIN: 00159889) as Non-Executive and Independent Director
  • Results: 215,653,146 votes in favor (92.4584%), 17,590,305 votes against (7.5416%)
  • Significant institutional dissent: 63.3350% in favor, 36.6650% against

Item 9: Special Resolution - Re-appointment of Independent Director

  • Re-appointment of Mr. Siraj Azmat Chaudhry (DIN: 00161853) as Non-Executive and Independent Director
  • Results: 233,134,950 votes in favor (99.9536%), 108,216 votes against (0.0464%)
  • Nearly unanimous approval

Scrutinizer Details

  • Name: CS Manoj Maheshwari
  • Firm: V. M. & Associates
  • Qualification: CS
  • Membership Number: F3355
  • Date of Board Meeting appointment: May 21, 2026
  • Date of Report issuance: August 20, 2026

Voting Process

The remote e-voting period was from August 17, 2026 (10:00 AM) to August 19, 2026 (5:00 PM). CDSL (Central Depository Services India Limited) was the service provider for the e-voting process. The scrutinizer confirmed that no shareholder voted both through remote e-voting and at the AGM, and there were no invalid votes.