Meeting Details

  • Type of Meeting: 42nd Annual General Meeting (AGM)
  • Date: September 23, 2026
  • Time: 03:00 PM to 03:47 PM IST
  • Mode: Conducted through Video Conferencing/Other Audio-Visual Means
  • Record Date: September 16, 2026 (cut-off date for voting eligibility)

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

2. Ordinary Resolution: Declaration of Final Dividend of ₹0.50 (50%) per equity share for FY 2025-26

3. Ordinary Resolution: Re-appointment of Mr. Shikhar Aggarwal (DIN: 06975729) as Director retiring by rotation

4. Special Resolution: Appointment of Mr. Manoj Joshi (DIN: 00036546) as Independent Director for five years (August 07, 2026 to August 06, 2031)

5. Special Resolution: Re-appointment of Mr. Shikhar Aggarwal (DIN: 06975729) as Joint Managing Director effective June 17, 2027

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Available from September 19, 2026 (9:00 AM) to September 22, 2026 (5:00 PM) through KFin Technologies Limited
  • Electronic Voting at AGM: Conducted during the meeting on September 23, 2026

The scrutinizer was appointed by the Board of Directors on August 7, 2026.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 230,679
  • Shareholders present through video conferencing: 313 (1 Promoter + 312 Public)
  • Total outstanding shares: 411,740,908
  • Total votes polled: 297,915,408 shares (72.3551% of outstanding shares)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements Adoption)

  • Total votes: 297,915,408 (72.3551% participation)
  • In favor: 297,090,491 (99.7231%)
  • Against: 824,917 (0.2769%)
  • Promoter voting: 281,854,481 votes (97.2176% of promoter holdings), 100% in favor
  • Public Institutions: 15,093,098 votes (52.0848% participation), 94.6425% in favor
  • Public Non-Institutions: 967,829 votes (1.0425% participation), 98.3161% in favor
  • Result: PASSED

Resolution 2 (Ordinary - Dividend Declaration)

  • Total votes: 298,084,332 (72.3961% participation)
  • In favor: 298,069,468 (99.9950%)
  • Against: 14,864 (0.0050%)
  • Promoter voting: 281,854,481 votes, 100% in favor
  • Public Institutions: 15,262,023 votes (52.6678% participation), 100% in favor
  • Public Non-Institutions: 967,828 votes (1.0424% participation), 98.4642% in favor
  • Invalid votes: 141 (Public Non-Institutions)
  • Result: PASSED

Resolution 3 (Ordinary - Re-appointment of Shikhar Aggarwal)

  • Total votes: 298,078,658 (72.3947% participation)
  • In favor: 289,638,639 (97.1685%)
  • Against: 8,440,019 (2.8315%)
  • Promoter voting: 281,854,481 votes, 100% in favor
  • Public Institutions: 15,256,437 votes (52.6485% participation), 44.7922% in favor, 55.2078% against
  • Public Non-Institutions: 967,740 votes (1.0424% participation), 98.2152% in favor
  • Invalid/abstained votes: 5,815 (5,586 Public Institutions + 229 Public Non-Institutions)
  • Result: PASSED

Resolution 4 (Special - Appointment of Manoj Joshi)

  • Total votes: 298,078,747 (72.3947% participation)
  • In favor: 297,911,160 (99.9438%)
  • Against: 167,587 (0.0562%)
  • Promoter voting: 281,854,481 votes, 100% in favor
  • Public Institutions: 15,256,437 votes (52.6485% participation), 99.0138% in favor
  • Public Non-Institutions: 967,829 votes (1.0425% participation), 98.2297% in favor
  • Invalid/abstained votes: 5,726 (5,586 Public Institutions + 140 Public Non-Institutions)
  • Result: PASSED

Resolution 5 (Special - Re-appointment as Joint MD)

  • Total votes: 298,078,659 (72.3947% participation)
  • In favor: 285,218,426 (95.69%)
  • Against: 12,860,233 (4.31%)
  • Promoter voting: 281,854,481 votes, 100% in favor
  • Public Institutions: 15,256,437 votes (52.6485% participation), 15.82% in favor, 84.18% against
  • Public Non-Institutions: 967,741 votes (1.0424% participation), 98.21% in favor
  • Invalid/abstained votes: 5,814 (5,586 Public Institutions + 228 Public Non-Institutions)
  • Result: PASSED

Scrutinizer's Role and Findings

  • Name: Vijay Yadav, Partner of AVS & Associates
  • Firm: AVS & ASSOCIATES, Company Secretaries
  • Qualification: CS, Membership No. F11990
  • Appointment Date: August 7, 2026 (Board Meeting)
  • Report Issuance Date: September 24, 2026

The scrutinizer certified that the voting process was conducted fairly and transparently using the electronic voting system provided by KFin Technologies Limited. The remote e-voting portal was unblocked in the presence of independent witnesses Mr. Praveen Sharma and Ms. Samiha Shetty.

Compliance with Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: General Circular No. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025
  • SEBI Circulars: SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133