Meeting Details

The voting was conducted through a Postal Ballot with e-voting facility. There was no physical meeting. The e-voting period commenced on Thursday, June 25, 2026, at 9:00 a.m. IST and ended on Friday, July 24, 2026, at 5:00 p.m. IST. The resolutions are deemed to have been passed on the last date of e-voting, i.e., July 24, 2026.

Proposed Resolutions and Implications

The Postal Ballot contained two ordinary resolutions:

1. To consider and ratify the appointment of Shri Saurabh Shukla (DIN: 10273439) as the Executive Director – Critical Operations (Vertical 1) of the Company.

2. To consider and ratify the appointment of Shri Gopalan S. Raghavan (DIN: 01307378) as the Executive Director – Regulatory, Compliance, Risk Management and Investor Grieevances (Vertical 2) of the Company.

The promoter/promoter group was interested in both resolutions.

Voting Process and Methods

The voting was conducted exclusively through electronic means (e-voting) facilitated by Central Depository Services (India) Limited (CDSL). No physical polling or postal ballot (physical forms) was used. The company had 990,519 members as of the cut-off date (June 19, 2026), of which 985,365 were entitled to vote. The Postal Ballot notice was emailed to 955,613 members on June 24, 2026, and an advertisement was published in the Financial Express (English) and Navshakti (Marathi) newspapers on June 25, 2026.

Key Voting Outcomes

Resolution 1: Appointment of Shri Saurabh Shukla

  • Total Valid Votes Cast: 124,516,196
  • Total Votes in Favor: 113,529,745 (91.18% of votes polled)
  • Total Votes Against: 10,986,451 (8.82% of votes polled)
  • Votes Invalid: 0

Category-wise Breakdown for Resolution 1:

  • Promoter and Promoter Group: 0 votes cast (0.00% of outstanding shares)
  • Public - Institutions: 116,757,526 votes cast (62.7624% of outstanding shares); 105,821,591 in favor (90.6336%), 10,935,935 against (9.3663%)
  • Public - Non-Institutions: 7,758,670 votes cast (3.4972% of outstanding shares); 7,708,154 in favor (99.3489%), 50,516 against (0.6510%)
  • Total Votes Polled as % of Outstanding Shares: 30.5273%

Resolution 2: Appointment of Shri Gopalan S. Raghavan

  • Total Valid Votes Cast: 124,164,015
  • Total Votes in Favor: 113,540,208 (91.44% of votes polled)
  • Total Votes Against: 10,623,807 (8.56% of votes polled)
  • Votes Invalid: 0

Category-wise Breakdown for Resolution 2:

  • Promoter and Promoter Group: 0 votes cast (0.00% of outstanding shares)
  • Public - Institutions: 116,405,353 votes cast (62.5731% of outstanding shares); 105,830,438 in favor (90.9154%), 10,574,915 against (9.0845%)
  • Public - Non-Institutions: 7,758,662 votes cast (3.4972% of outstanding shares); 7,709,770 in favor (99.3698%), 48,892 against (0.6301%)

Scrutinizer's Role and Findings

Bhaskar Upadhyay, a Practicing Company Secretary (Membership No. FCS 8663 / C.P No. 9625) from M/s. N L Bhatia & Associates (UIN: P1996MH055800), was appointed as the Scrutinizer by the Board of Directors vide resolution dated June 16, 2026. His responsibility was to scrutinize the e-voting process and ascertain the requisite majority based on reports generated from the CDSL e-voting system. He verified the votes using his Scrutinizer's login after the e-voting period ended and confirmed that both resolutions were passed by the requisite majority.

Compliance Confirmation

The disclosure confirms compliance with Section 110 of the Companies Act, 2013, Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Scrutinizer's report is countersigned by the Company Secretary.