Meeting Details

  • Date: Wednesday, August 19, 2026
  • Type: 21st Annual General Meeting (AGM)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Record Date: August 12, 2026
  • Total Shareholders: 10,72,513
  • Attendance: 0 Promoters/Promoter Group members attended via VC; 118 Public shareholders attended via VC

Proposed Resolutions and Implications

Three ordinary resolutions were proposed:

1. Resolution 1: To receive, consider and adopt: a) the Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors; and b) the Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors

2. Resolution 2: To declare a final dividend of ₹10.00 per equity share for FY ended March 31, 2026

3. Resolution 3: To appoint Shri Jagannath Mukkavilli (DIN: 10090437), Non-Independent Director, who retires by rotation and offers himself for re-appointment, subject to SEBI approval

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Provided through CDSL at www.evotingindia.com
  • E-voting at AGM: For members present at AGM through VC/OAVM who hadn't voted remotely
  • Remote e-voting period: August 16, 2026 (9:00 AM IST) to August 18, 2026 (5:00 PM IST)
  • E-voting at AGM: Conducted during the meeting which concluded at 5:47 PM on August 19, 2026
  • Vote unblocking: Votes were unblocked on August 19, 2026 at 6:25 PM in presence of two independent witnesses

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total valid votes cast: 16,13,06,411
  • Votes in favor: 16,13,05,071 (99.9992%)
  • Votes against: 1,340 (0.0008%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 0 votes cast (0.0000% of outstanding shares)
  • Public Institutions: 15,32,20,199 votes cast (84.5687% of outstanding shares), 100% in favor
  • Public Non-Institutions: 80,86,212 votes cast (3.5668% of outstanding shares), 99.9834% in favor

Resolution 2: Final Dividend Declaration

  • Total valid votes cast: 16,41,28,868
  • Votes in favor: 16,41,27,543 (99.9992%)
  • Votes against: 1,325 (0.0008%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 0 votes cast (0.0000% of outstanding shares)
  • Public Institutions: 15,60,41,756 votes cast (86.1261% of outstanding shares), 100% in favor
  • Public Non-Institutions: 80,87,112 votes cast (3.5672% of outstanding shares), 99.9836% in favor

Resolution 3: Re-appointment of Director

  • Total valid votes cast: 11,63,21,045
  • Votes in favor: 9,69,82,258 (83.3746%)
  • Votes against: 1,93,38,787 (16.6254%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 0 votes cast (0.0000% of outstanding shares)
  • Public Institutions: 10,90,82,110 votes cast (60.2071% of outstanding shares), 82.2814% in favor
  • Public Non-Institutions: 72,38,935 votes cast (3.1931% of outstanding shares), 99.8171% in favor
  • Special Note: Trading Members or their associates and agents were not eligible to vote on this resolution pursuant to Regulation 2(ka) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Scrutinizer's Role and Findings

  • Scrutinizer: Bhaskar Upadhyay, Practicing Company Secretary (FCS 8663/CP No. 9625), Partner of M/s. N L Bhatia & Associates (UIN: P1996MH055800)
  • Appointment: By Board of Directors vide Resolution dated May 7, 2026
  • Responsibilities: Scrutinizing remote e-voting and e-voting, ascertaining requisite majority
  • Methodology: Verified votes using Scrutinizer's Login on CDSL e-voting website after closure of voting period
  • Conclusion: All three resolutions were approved and passed by members with requisite majority on August 19, 2026

Compliance with Laws and Regulations

The process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA Circulars and SEBI Listing Regulations
  • Advertisement published in Financial Express (English) and Nayshakti (Marathi) on May 20, 2026
  • AGM Notice and Annual Report sent electronically on July 23, 2026 to registered email addresses
  • Public notice published on July 24, 2026 in Financial Express and Nayshakti