Carraro India 29th AGM Approves All 8 Resolutions

Meeting Details

Date of Meeting: September 10, 2026
Time of Meeting: 11:30 AM to 01:20 PM IST
Type of Meeting: Annual General Meeting (AGM)
Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
Record Date: September 3, 2026
Total Shareholders on Record Date: 90,445

Voting Process and Methods

Remote e-voting period: September 7, 2026 (9:00 AM) to September 9, 2026 (5:00 PM)
E-voting service provider: National Securities Depository Limited (NSDL)
Voting methods available: Remote e-voting and e-voting during the AGM
Shareholder participation: 7 Promoter/Promoter group members and 64 Public shareholders attended via video conferencing

Proposed Resolutions and Voting Outcomes

All eight resolutions were approved with requisite majority:

Resolution 1: Adoption of Audited Standalone Financial Statements

Resolution Type: Ordinary
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 47,823,637 shares (99.9993%)
Votes Against: 316 shares (0.0007%)
Invalid Votes: 51,400 shares (all from Public Institutions)

Resolution 2: Adoption of Audited Consolidated Financial Statements

Resolution Type: Ordinary
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 47,823,637 shares (99.9993%)
Votes Against: 316 shares (0.0007%)
Invalid Votes: 51,421 shares (all from Public Institutions)

Resolution 3: Declaration of Final Dividend

Resolution Type: Ordinary
Dividend Amount: ₹6.75 per equity share (67.50% on face value of ₹10)
Total Shares: 56,851,538 equity shares
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 47,823,679 shares (99.9994%)
Votes Against: 274 shares (0.0006%)
Invalid Votes: 51,421 shares (all from Public Institutions)

Resolution 4: Re-appointment of Mr. Davide Grossi (Whole-Time Director and CFO)

Resolution Type: Ordinary
DIN: 10252992
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 47,822,536 shares (99.9970%)
Votes Against: 1,417 shares (0.0030%)
Invalid Votes: 51,421 shares (all from Public Institutions)

Resolution 5: Re-appointment of Mr. Andrea Conchetto (Non-Executive Director)

Resolution Type: Ordinary
DIN: 10669692
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 47,823,424 shares (99.9989%)
Votes Against: 529 shares (0.0011%)
Invalid Votes: 51,421 shares (all from Public Institutions)

Resolution 6: Appointment of Statutory Auditors (M/s. MSKC & Associates LLP)

Resolution Type: Ordinary
Total Votes Polled: 47,823,953 shares (84.1208% of outstanding shares)
Votes in Favor: 46,958,651 shares (98.1907%)
Votes Against: 865,302 shares (1.8093%)
Invalid Votes: 51,421 shares (all from Public Institutions)

Resolution 7: Ratification of Remuneration to Cost Auditors

Resolution Type: Ordinary
Total Votes Polled: 47,823,974 shares (84.1208% of outstanding shares)
Votes in Favor: 47,823,571 shares (99.9992%)
Votes Against: 403 shares (0.0008%)
Invalid Votes: 51,400 shares (all from Public Institutions)

Resolution 8: Modification to Material Related Party Transaction

Resolution Type: Ordinary
Promoter Interest: Yes
Total Votes Polled: 8,728,096 shares (15.3524% of outstanding shares)
Votes in Favor: 8,727,611 shares (99.9944%)
Votes Against: 485 shares (0.0056%)
Invalid Votes: 39,147,278 shares (from various categories)

Shareholder Category Participation

Promoter and Promoter Group

Shares Held: 39,095,857
Votes Polled: 39,095,857 (100.00% participation)
Voting Method: 100% through e-voting

Public Institutions

Shares Held: 9,719,106
Votes Polled: 8,633,896 (88.8343% participation)
Voting Method: 100% through e-voting
Invalid Votes: 51,400-51,421 across resolutions

Public Non-Institutions

Shares Held: 8,036,575
Votes Polled: 94,200-94,221 (1.1721-1.1724% participation)
Voting Method: 100% through e-voting

Scrutinizer's Role and Findings

Name: Ashwini Mohit Inamdar
Firm: M/s. Mehta & Mehta
Qualification: Company Secretary
Membership Number: 9409
Appointment Date: August 6, 2026
Report Issuance Date: September 11, 2026

The Scrutinizer confirmed that the voting process was conducted in accordance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, following MCA circulars dated January 13, 2021, April 8, 2020, April 13, 2020, May 5, 2020, December 14, 2021, December 28, 2022, September 25, 2023, September 19, 2024, and September 22, 2025.

The vote unblocking was witnessed by Rishika Katariya and Shruti Dubey, neither of whom are employees of the company.

Compliance Confirmation

The company confirmed compliance with applicable laws and regulations including the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars.