Meeting Details

  • Type of Meeting: 55th Annual General Meeting (AGM)
  • Date of Meeting: Tuesday, 01st September 2026
  • Meeting Time: 04:00 PM to 05:12 PM
  • Record Date: 25th August 2026
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)

Proposed Resolutions and Implications

Four ordinary resolutions were considered:

1. Adoption of audited financial statements for FY ended 31st March 2026 with Board and Auditor reports

2. Reappointment of Shri Arun Kumar Churiwal (DIN: 00001718) as Whole-time Director designated as Chairman

3. Reappointment of Shri Ravi Jhunjhunwala (DIN: 00060972) as Non-Executive Non-Independent Director

4. Ratification of remuneration payment to Cost Auditors for FY 2026-27

Promoter/promoter group were interested in all resolutions. All resolutions were passed with near-unanimous approval.

Voting Process and Methods

  • Remote e-voting period: Friday, 28th August 2026 (09:00 AM) to Monday, 31st August 2026 (05:00 PM)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Voting Platform: https://www.evoting.nsdl.com
  • E-voting at AGM: Provided for shareholders present through VC/OAVM who hadn't voted remotely
  • Scrutinizer: Manoj Maheshwari (FCS - 3355) of V.M. & Associates, appointed on 19th May 2026
  • Voting Data: Downloaded from NSDL system in presence of two witnesses after AGM closure

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 11,800
  • Total outstanding shares: 1,02,92,168
  • Total votes cast: 58,82,511 shares (57.1552% of outstanding shares)
  • No invalid votes were recorded across all categories

Resolution-wise Results

Item 1: Adoption of Financial Statements

  • Total votes in favor: 58,82,463 (99.9992%)
  • Votes against: 48 (0.0008%)
  • Passed: Yes

Item 2: Reappointment of Arun Kumar Churiwal

  • Total votes in favor: 48,56,748 (99.9990%)
  • Votes against: 47 (0.0010%)
  • Passed: Yes

Item 3: Reappointment of Ravi Jhunjhunwala

  • Total votes in favor: 58,82,460 (99.9991%)
  • Votes against: 51 (0.0009%)
  • Passed: Yes

Item 4: Ratification of Cost Auditor Remuneration

  • Total votes in favor: 58,82,457 (99.9991%)
  • Votes against: 54 (0.0009%)
  • Passed: Yes

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 58,37,322
  • Votes polled: 56,80,052 (97.3058% of holdings)
  • Unanimous in favor across all resolutions (100% approval)

Public - Institutions

  • Shares held: 1,66,360
  • Votes polled: 1,08,000 (64.9195% of holdings)
  • Unanimous in favor across all resolutions (100% approval)

Public - Non-Institutions

  • Shares held: 42,88,486
  • Votes polled: 94,459 (2.2026% of holdings)
  • Minimal opposition: 48 against (0.0508%) on Item 1, 47 against (0.0498%) on Item 2, 51 against (0.0540%) on Item 3, 54 against (0.0572%) on Item 4

Scrutinizer's Role and Findings

Manoj Maheshwari (FCS - 3355) of V.M. & Associates was appointed scrutinizer. Key findings:

  • NSDL provided the e-voting system and facilitated both remote e-voting and e-voting at AGM
  • Notice was dispatched via email to 10,417 members and physical post to 7,447 members
  • Advertisements were published in Dainik Navajyoti (vernacular) and Financial Express (English) on 16th-17th July 2026 and 29th July 2026
  • No shareholder voted both through remote e-voting and at AGM
  • All resolutions passed with requisite majority
  • Electronic voting records are in scrutinizer's custody until handed to Company Secretary after minutes approval

Compliance Confirmation

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated 22nd September 2025

Additional Information

  • Registrar and Share Transfer Agent: MCS Share Transfer Agent Limited
  • The scrutinizer report date: 02nd September 2026
  • Company CIN: L24302RJ1970PLC002266