Meeting Details

The 89th Annual General Meeting was held on Friday, 24th July 2026 at 03:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility, deemed to be at the Registered Office of the Company at ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013.

Shareholder Participation

  • Total number of shareholders on record date (17th July 2026): 572,527
  • Shareholders attending through Video Conferencing: 83 (Promoters: 9, Public: 74)
  • No shareholders attended in person or through proxy at a physical venue

Proposed Resolutions and Voting Outcomes

Five ordinary resolutions were proposed and approved:

Resolution 1: Adoption of Standalone Financial Statements for FY2026

  • Total Votes Polled: 1,313,654,174 (83.4077% of outstanding shares)
  • Votes in Favor: 1,313,652,221 (99.9999%)
  • Votes Against: 1,953 (0.0001%)
  • Category Breakdown:
  • Promoters: 887,618,226 votes (100% in favor)
  • Public Institutions: 424,830,751 votes (100% in favor)
  • Public Non-Institutions: 1,205,197 votes (99.838% in favor, 0.162% against)

Resolution 2: Adoption of Consolidated Financial Statements for FY2026

  • Total Votes Polled: 1,313,654,163 (83.4077% of outstanding shares)
  • Votes in Favor: 1,313,652,230 (99.9999%)
  • Votes Against: 1,933 (0.0001%)
  • Category Breakdown:
  • Promoters: 887,618,226 votes (100% in favor)
  • Public Institutions: 424,830,751 votes (100% in favor)
  • Public Non-Institutions: 1,205,186 votes (99.8396% in favor, 0.1604% against)

Resolution 3: Re-appointment of Statutory Auditors

  • Total Votes Polled: 1,313,855,895 (83.4205% of outstanding shares)
  • Votes in Favor: 1,313,853,758 (99.9998%)
  • Votes Against: 2,137 (0.0002%)
  • Category Breakdown:
  • Promoters: 887,618,226 votes (100% in favor)
  • Public Institutions: 425,032,042 votes (100% in favor)
  • Public Non-Institutions: 1,205,627 votes (99.8227% in favor, 0.1773% against)

Resolution 4: Re-appointment of Mr. Vellayan Subbiah (DIN: 01138759)

  • Total Votes Polled: 1,313,819,732 (83.4182% of outstanding shares)
  • Votes in Favor: 1,276,843,159 (97.1856%)
  • Votes Against: 36,976,573 (2.8144%)
  • Category Breakdown:
  • Promoters: 887,618,226 votes (100% in favor)
  • Public Institutions: 424,996,354 votes (91.3011% in favor, 8.6989% against)
  • Public Non-Institutions: 1,205,152 votes (99.4459% in favor, 0.5541% against)

Resolution 5: Ratification of Remuneration Payable to Cost Auditor

  • Total Votes Polled: 1,313,819,966 (83.4182% of outstanding shares)
  • Votes in Favor: 1,313,813,928 (99.9995%)
  • Votes Against: 6,038 (0.0005%)
  • Category Breakdown:
  • Promoters: 887,618,226 votes (100% in favor)
  • Public Institutions: 424,996,354 votes (100% in favor)
  • Public Non-Institutions: 1,205,386 votes (99.4991% in favor, 0.5009% against)

Voting Process and Methods

The voting process included:

  • Remote e-voting period: Monday, 20th July 2026 at 9:00 a.m. to Thursday, 23rd July 2026 at 5:00 p.m. (IST)
  • E-voting during AGM: For members who didn't vote remotely but attended via VC/OAVM
  • Voting rights: Determined based on shareholding as of cut-off date (17th July 2026)
  • Voting system: Provided by National Securities Depository Limited (NSDL)

Scrutinizer's Role and Findings

Prashant S. Mehta, Proprietor of M/s. P Mehta & Associates, Practising Company Secretaries, was appointed as Scrutinizer by the Board of Directors on 6th May 2026. His responsibilities included:

  • Scrutinizing the e-voting process (remote and during AGM) in a fair and transparent manner
  • Downloading, scrutinizing, and counting votes after the AGM conclusion
  • Unblocking electronic votes from NSDL's e-voting website
  • Preparing consolidated results report

The scrutinizer confirmed that all resolutions were passed with requisite majority and handed over detailed voting records to the Company Secretary for safekeeping.

Compliance with Regulations

The meeting and voting process complied with:

  • Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated April 2020 through September 2025
  • SEBI Circulars dated May 2020 through October 2024
  • Notice and Annual Report were sent electronically to registered email addresses
  • Documents were made available on company website, stock exchange websites, and NSDL website