Meeting Details

The 41st Annual General Meeting was held on Wednesday, July 15, 2026, commencing at 11:00 a.m. IST. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OVAM) in compliance with various MCA and SEBI circulars. The record date for determining shareholders entitled to vote was July 08, 2026, on which there were 47,336 shareholders.

Shareholder Participation

  • Total number of shareholders present in the meeting either in person or through proxy: Not specified numerically, but broken down by category.
  • Promoters and Promoter Group shareholders present: 2
  • Public shareholders present: 70

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. Adoption of Financial Statements: Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors.

2. Declaration of Final Dividend: Declaration of a Final Dividend of 100% i.e., ₹1.00 per equity share on a face value of ₹1/- each for FY26.

3. Re-appointment of Managing Director & CEO: Re-appointment of Mr. Narsimha Shibroor Kamath (DIN: 00140593) as Managing Director & CEO. The promoters were interested in this resolution.

Voting Process and Methods

The voting was conducted via two methods:

  • Remote E-voting: Facilitated by Central Depository Services (India) Limited (CDSL). The remote e-voting period commenced on Sunday, July 12, 2026 (09:00 a.m. IST) and ended on Tuesday, July 14, 2026 (05:00 p.m. IST).
  • Electronic Voting at the AGM: Conducted during the AGM on July 15, 2026, also facilitated by CDSL.

The scrutinizer was Mr. Vijay Yadav, Partner of M/s. AVS & Associates, appointed by the Board of Directors in their meeting held on Tuesday, May 12, 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 65,396,869 shares (61.66% of outstanding shares)
  • Overall Result: 99.99% in favor (65,393,771 votes), 0.01% against (3,098 votes). Resolution PASSED.
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 100% in favor (37,122,024 votes, 99.98% turnout).
  • Public Institutions: 99.96% in favor (67,669,663 votes cast, 67,666,994 for, 2,669 against).
  • Public Non-Institutions: 99.998% in favor (21,505,182 votes cast, 21,504,753 for, 429 against).

Resolution 2: Declaration of Final Dividend

  • Total Votes Cast: 65,407,836 shares (61.67% of outstanding shares)
  • Overall Result: 100% in favor (65,407,831 votes), 0.00% against (5 votes). Resolution PASSED.
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 100% in favor (37,122,024 votes).
  • Public Institutions: 100% in favor (6,780,630 votes).
  • Public Non-Institutions: 100% in favor (21,505,182 votes cast, 21,505,177 for, 5 against).

Resolution 3: Re-appointment of Mr. Narsimha S. Kamath as MD & CEO

  • Total Votes Cast: 65,407,831 shares (61.67% of outstanding shares)
  • Overall Result: 97.68% in favor (63,887,263 votes), 2.32% against (1,520,568 votes). Resolution PASSED.
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 100% in favor (37,122,024 votes).
  • Public Institutions: 85.55% in favor (10,518,789 votes cast, 8,998,655 for, 1,520,134 against).
  • Public Non-Institutions: 99.9976% in favor (17,767,018 votes cast, 17,766,584 for, 434 against).

Scrutinizer's Role and Findings

Mr. Vijay Yadav was appointed as the scrutinizer to oversee both the remote e-voting and electronic voting at the AGM. His report confirms that the voting process was conducted in a fair and transparent manner based on reports generated from CDSL's electronic voting system. The scrutinizer confirmed that there were zero invalid votes across all resolutions. All relevant records, including the register/list of shareholders who voted "FOR" and "AGAINST," were handed over to the Company Secretary for safekeeping.

Compliance Confirmation

The document and the processes described were conducted in compliance with the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA and SEBI circulars permitting AGMs to be held through VC/OAVM.