Key Quantitative Figures

  • Total number of shareholders on record date (July 22, 2026): 93,494
  • Total outstanding shares: 13,31,54,591
  • Total votes polled across all resolutions: approximately 71.62-71.76% of outstanding shares
  • Final dividend approved: ₹8.00 per equity share of face value ₹2 each
  • Interim dividend already paid: ₹7.00 per equity share
  • NCD authorization approved: ₹5,000 crore

Dates of Action

  • Record date: July 22, 2026
  • Remote e-voting period: July 25, 2026 (9:00 AM) to July 28, 2026 (5:00 PM)
  • AGM date: July 29, 2026 at 11:00 AM
  • Scrutinizer report date: July 29, 2026

Parties Involved

  • Scrutinizer: K N Nagesha Rao, Practising Company Secretary
  • E-voting agency: National Securities Depository Limited (NSDL)
  • Company Secretary: Nilesh Jain

Voting Process Details

The company provided remote e-voting facility through NSDL. The facility was open from Saturday, July 25, 2026 (9:00 a.m.) to Tuesday, July 28, 2026 (5:00 p.m.). E-voting facility was also provided during the 39th AGM to members who had not cast their votes through remote e-voting.

Resolution Outcomes

All 8 resolutions proposed in the AGM notice were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

  • Ordinary resolution to adopt audited standalone financial statements for FY ended March 31, 2026
  • Total votes polled: 9,53,66,329 (71.6208% of outstanding shares)
  • Votes in favor: 9,51,35,531 (99.7580%)
  • Votes against: 2,30,798 (0.2420%)

Resolution 2: Dividend Declaration

  • Ordinary resolution to confirm interim dividend of ₹7.00 per share and declare final dividend of ₹8.00 per share
  • Total votes polled: 9,55,54,623 (71.7622% of outstanding shares)
  • Votes in favor: 9,55,48,451 (99.9935%)
  • Votes against: 6,172 (0.0065%)

Resolution 3: Re-appointment of Director

  • Ordinary resolution to re-appoint Shri Hardeep Singh Ahluwalia (DIN: 09690464) who retired by rotation
  • Total votes polled: 9,55,42,994 (71.7534% of outstanding shares)
  • Votes in favor: 9,48,07,187 (99.2299%)
  • Votes against: 7,35,807 (0.7701%)

Resolution 4: Material Related Party Transactions

  • Ordinary resolution for material related party transactions/arrangements
  • Promoter group abstained from voting
  • Total votes polled: 5,56,11,393 (41.7645% of outstanding shares)
  • Votes in favor: 5,56,05,038 (99.9886%)
  • Votes against: 6,355 (0.0114%)

Resolution 5: Appointment of Deputy Managing Director

  • Ordinary resolution to appoint Shri Shailesh Kumar Singh (DIN: 11662605) as Whole-Time Director and Key Managerial Personnel (designated as Deputy Managing Director)
  • Total votes polled: 9,55,41,758 (71.7525% of outstanding shares)
  • Votes in favor: 9,55,35,432 (99.9932%)
  • Votes against: 6,326 (0.0068%)

Resolution 6: Re-appointment of Independent Director

  • Special resolution to re-appoint Shri Murali Ramaswami (DIN: 08659944) as Independent Director
  • Total votes polled: 9,55,41,994 (71.7527% of outstanding shares)
  • Votes in favor: 9,49,51,749 (99.3822%)
  • Votes against: 5,90,245 (0.6178%)

Resolution 7: Appointment of Independent Director

  • Special resolution to appoint Smt. Varsha Vasant Purandare (DIN: 05288076) as Independent Director
  • Total votes polled: 9,55,41,994 (71.7527% of outstanding shares)
  • Votes in favor: 9,53,77,700 (99.8280%)
  • Votes against: 1,64,294 (0.1720%)

Resolution 8: NCD Issuance Authorization

  • Special resolution to offer or invite subscription of Non-Convertible Debentures (NCDs) or bonds, secured or unsecured, upto ₹5,000 crore on private placement basis
  • Total votes polled: 9,55,41,458 (71.7523% of outstanding shares)
  • Votes in favor: 9,55,34,991 (99.9932%)
  • Votes against: 6,467 (0.0068%)

Shareholder Participation

  • 92 shareholders attended the meeting through video conferencing (1 promoter, 91 public)
  • 444 members cast votes through remote e-voting
  • 13 members cast votes through e-voting at the AGM
  • Total shareholders who voted: 457 across various resolutions

Additional Information

The company published advertisements in Financial Express (English) and Kannada Prabha, Bengaluru Edition (Kannada) on July 7, 2026. Notice of AGM was sent electronically to 87,130 members and physically to 5,423 members who hadn't registered email IDs.