Meeting Details

The 44th Annual General Meeting was held on September 09, 2026 through Video Conferencing (VC)/Other Audio Video Means (OAVM) at Hyderabad. The meeting commenced at 11:00 AM and concluded at 12:50 PM.

Record Date and Shareholder Information

The record date for the AGM was September 03, 2026. The total number of shareholders on the record date was 4,531. At the meeting, 64 shareholders attended through video conferencing (1 promoter and 63 public shareholders).

Resolutions Passed

All five resolutions were passed with requisite majority:

Ordinary Business

1. Adoption of Financial Statements: Ordinary resolution to receive, consider and adopt the Audited Standalone Financial Statements for the year ended March 31, 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors.

2. Director Re-appointment: Ordinary resolution to appoint Mr. Prashanth Mitta (DIN: 02459109), Whole-time Director, who retires by rotation and offered himself for re-appointment.

Special Business

3. Alteration of Object Clause: Special resolution to consider and approve the alteration of Object Clause of the Memorandum of Association.

4. Change of Company Name: Special resolution to consider and approve the Change of Name of the Company and consequential amendment to Memorandum of Association and Articles of Association.

5. Preferential Issue: Special resolution to approve further issuance of up to 23,52,940 equity shares of face value ₹10/- each on preferential basis to non-promoter investors for cash consideration.

Voting Results

Overall Participation

  • Total shares outstanding: 2,18,65,570
  • Total votes polled across all resolutions: ~42,78,852 shares (19.57-19.57% of outstanding shares)
  • 91 shareholders participated in voting (83 remote e-voting, 8 venue e-voting)

Resolution-wise Results

Resolution 1 (Ordinary - Financial Statements):

  • Total votes polled: 42,78,852 shares (19.57%)
  • Votes in favor: 42,78,849 shares (99.9999%)
  • Votes against: 3 shares (0.0001%)

Resolution 2 (Ordinary - Director Re-appointment):

  • Total votes polled: 42,65,871 shares (19.51%)
  • Votes in favor: 42,65,868 shares (99.9999%)
  • Votes against: 3 shares (0.0001%)

Resolution 3 (Special - Object Clause Alteration):

  • Total votes polled: 42,78,852 shares (19.57%)
  • Votes in favor: 42,78,849 shares (99.9999%)
  • Votes against: 3 shares (0.0001%)

Resolution 4 (Special - Name Change):

  • Total votes polled: 42,78,852 shares (19.57%)
  • Votes in favor: 42,78,849 shares (99.9999%)
  • Votes against: 3 shares (0.0001%)

Resolution 5 (Special - Preferential Issue):

  • Total votes polled: 42,78,852 shares (19.57%)
  • Votes in favor: 42,78,849 shares (99.9999%)
  • Votes against: 3 shares (0.0001%)

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 1,59,99,995
  • Votes polled: 40,00,000 shares (25.00% of promoter holding)
  • 100% votes in favor across all resolutions

Public Institutions

  • Shares held: 10,000
  • No votes polled across all resolutions

Public Non-Institutions

  • Shares held: 58,55,575
  • Votes polled: 2,78,852 shares (4.76% of non-institution holding)
  • 99.9989% votes in favor, 0.0011% against across resolutions

Scrutinizer Details

  • Name: Y. Ravi Prasada Reddy
  • Firm: RPR & Associates
  • Qualification: Company Secretary
  • Membership Number: 5783
  • Appointment Date: August 11, 2026
  • Report Issuance Date: September 10, 2026

E-voting Process

The company availed e-voting facility through Central Depository Services Limited (CDSL). Remote e-voting period was from September 06, 2026 (9:00 AM IST) to September 08, 2026 (5:00 PM IST). Additional e-voting facility was provided during the AGM for shareholders who had not voted remotely.

Capital Structure Impact

The preferential issue of up to 23,52,940 equity shares (face value ₹10 each) to non-promoter investors will result in equity dilution. Financial impact not quantified in the disclosure.