Meeting Details

The Third Annual General Meeting was held on Friday, 31st July 2026 at 11:30 a.m. (IST) through video conferencing (VC) / other audio visual means (OAVM). The cut-off date for determining shareholder eligibility to vote was Friday, July 24, 2026.

Proposed Resolutions and Implications

The AGM considered four resolutions:

  • Item No. 1 (Ordinary Business): To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended 31st March 2026 together with the reports of the Board of Directors and Auditors thereon.
  • Item No. 2 (Ordinary Business): To declare final dividend on equity shares for the financial year ended 31st March, 2026.
  • Item No. 3 (Ordinary Business): To appoint a director in place of Mr. Sameer V. Shah (DIN: 00105721), who retires by rotation and being eligible, offers himself for re-appointment.
  • Item No. 4 (Special Business): To approve material related party transactions, of the company and its subsidiaries, step subsidiaries and group companies.

Voting Process and Methods

The Company provided facility for remote e-voting through MUFG Intime India Private Limited (MUFG).

  • The remote e-voting period was from Tuesday, July 28, 2026 at 9:00 a.m. (IST) to Thursday, July 30, 2026 at 5:00 p.m. (IST).
  • E-voting facility was also made available at the venue of the AGM for members attending through video conference who had not already cast their votes by remote e-voting.

Key Voting Outcomes

Item No. 1 - Adoption of Financial Statements

  • Total Votes Cast: 19,010,625
  • Votes in Favor: 19,010,625 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes/Abstain: 0
  • Number of Members Voting: 84
  • Note: One person voted partly "in favour" and partly "in against"

Item No. 2 - Declaration of Final Dividend

  • Total Votes Cast: 19,010,627
  • Votes in Favor: 19,010,623 (100%)
  • Votes Against: 4 (0%)
  • Invalid Votes/Abstain: 0
  • Number of Members Voting: 84 (83 in favor, 1 against)

Item No. 3 - Re-appointment of Director Mr. Sameer V. Shah

  • Total Votes Cast: 19,010,627
  • Votes in Favor: 18,845,841 (99.1332%)
  • Votes Against: 164,786 (0.8668%)
  • Invalid Votes/Abstain: 0
  • Number of Members Voting: 84 (80 in favor, 4 against)

Item No. 4 - Approval of Material Related Party Transactions

  • Total Valid Votes Cast: 3,580,214
  • Votes in Favor: 3,415,931 (95.4114%)
  • Votes Against: 164,283 (4.5886%)
  • Shares Excluded: 15,430,413 shares held by Related Parties were excluded from the voting count
  • Number of Members Voting: 69 (67 in favor, 2 against)

Scrutinizer's Role and Findings

Mr. Virendra G. Bhatt, Practicing Company Secretary (ACS No.: 1157 / COP No.: 124), was appointed as the Scrutinizer to conduct the remote e-voting process and scrutinize the votes. He confirmed:

  • The remote e-voting was conducted through MUFG InstaVote e-voting module.
  • All votes were scrutinized and counted after the closure of e-voting at the AGM.
  • All resolutions were deemed passed on July 31, 2026, with requisite majority.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013 and Rules made thereunder
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated 5th May 2020, 8th April 2020, 13th April 2020, 13th January 2021, 5th May 2022, 28th December 2022, 25th September 2023, 19th September 2024 and 22nd September 2025
  • SEBI Circulars dated 12th May 2020, 15th January 2021, 5th January 2023, 7th October 2023 and 3rd October 2024