AGM Details

The 48th Annual General Meeting was held on Saturday, 27th June 2026 at 2:30 PM through Video Conferencing/Other Audio-Visual Means facility. The deemed venue was the Registered Office at 9th floor, Prima Bay, Tower - B, Saki Vihar Road, Powai, Mumbai - 400072.

Voting Process

Remote e-voting period commenced on Wednesday, 24th June 2026 at 9:00 AM IST and ended on Friday, 26th June 2026 at 5:00 PM IST. E-voting was also kept open on the AGM day (27th June 2026) up to 15 minutes from the conclusion of the meeting for members who had not voted earlier.

Scrutinizer Appointment

Mr. P. N. Parikh (FCS 327) or failing him Mr. Mitesh Dhabliwala (FCS 8831) or failing him Ms. Sarvari Shah (FCS 9697) of M/s Parikh & Associates, Practicing Company Secretaries was appointed as Scrutinizer. Mr. Mitesh Dhabliwala ultimately served as the scrutinizer.

Resolution Outcomes

All Ordinary Resolutions and Special Resolutions set out in the Notice of the Annual General Meeting were approved by members with requisite majority.

Detailed Voting Results

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,85,94,981 (99.8277% of votes polled)
  • Votes against: 2,21,966 (0.1723% of votes polled)
  • Invalid votes: 0

Resolution 2: Ordinary Resolution - Declaration of Dividend for FY 2025-26

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,989 (99.9998% of votes polled)
  • Votes against: 196 (0.0002% of votes polled)
  • Invalid votes: 0

Resolution 3: Ordinary Resolution - Reappointment of Dr. Malay Mahadevia (DIN: 00064110)

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,81,94,659 (99.5005% of votes polled)
  • Votes against: 6,43,526 (0.4995% of votes polled)
  • Invalid votes: 0

Resolution 4: Ordinary Resolution - Appointment of Price Waterhouse Chartered Accountants LLP

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,36,752 (99.9989% of votes polled)
  • Votes against: 1,433 (0.0011% of votes polled)
  • Invalid votes: 0

Resolution 5: Special Resolution - Appointment of Mr. Abizer Shabbir Diwanji (DIN: 02540442) as Director

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,27,992 (99.9921% of votes polled)
  • Votes against: 10,193 (0.0079% of votes polled)
  • Invalid votes: 0

Resolution 6: Ordinary Resolution - Remuneration to Mr. Suresh D. Shenoy, Cost Auditor

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,966 (99.9998% of votes polled)
  • Votes against: 219 (0.0002% of votes polled)
  • Invalid votes: 0

Resolution 7: Ordinary Resolution - Commission to Non-Executive Directors

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,946 (99.9998% of votes polled)
  • Votes against: 239 (0.0002% of votes polled)
  • Invalid votes: 0

Resolution 8: Ordinary Resolution - Related Party Transaction with Adani Road Transport Limited

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,946 (99.9998% of votes polled)
  • Votes against: 239 (0.0002% of votes polled)
  • Invalid votes: 0

Resolution 9: Ordinary Resolution - Related Party Transaction with Adani Infra (India) Limited

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,949 (99.9998% of votes polled)
  • Votes against: 236 (0.0002% of votes polled)
  • Invalid votes: 0

Resolution 10: Special Resolution - Alteration to Article 131 of Articles of Association

  • Total shares outstanding: 17,17,87,584
  • Total votes polled: 12,88,38,185 (74.9985% of outstanding shares)
  • Votes in favor: 12,88,37,948 (99.9998% of votes polled)
  • Votes against: 237 (0.0002% of votes polled)
  • Invalid votes: 0

Scrutinizer Report Details

Mr. Mitesh Dhabliwala of Parikh & Associates submitted the Consolidated Scrutinizer's Report dated 29th June 2026. The cut-off date for determining shareholders entitled to vote was Saturday, 20th June 2026. The e-voting facility was provided by National Securities Depository Limited (NSDL).