Meeting Details
The 50th Annual General Meeting was held on August 8, 2026, from 11:30 AM to 1:45 PM at CAPOL, Factory Premises, 5/01, Main Road, Jandrapeta-523165, Chirala Mandal, Bapatla District, Andhra Pradesh.
Record Date and Shareholding
Record date: August 1, 2026
Total number of shareholders on record date: 96
Total outstanding shares: 790,000
Attendance Details
- Promoters and Promoter group present: 6 shareholders
- Public shareholders present: 10 shareholders
- Shareholders attended through video conferencing: 0 (both promoters and public)
Scrutinizer Appointment
CS K. Srinivasa Rao of K.Srinivasa Rao & Co., Company Secretaries was appointed as scrutinizer at the Board Meeting held on May 28, 2026 (Membership No. 5599). Scrutinizer report was issued to the company on August 8, 2026.
Voting Process Details
Remote e-voting period: August 5, 2026 (9:00 AM IST) to August 7, 2026 (5:00 PM IST)
Poll conducted at AGM: August 8, 2026 from 11:30 AM to 1:45 PM
Resolution Details
Four ordinary resolutions were considered and passed with 100% votes in favor:
Resolution 1: Adoption of Audited Standalone Financial Statements
- Description: Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors
- Promoter voting: 552,216 votes polled (95.7153% of 576,936 shares held)
- Public Institutions voting: 13,686 votes polled (21.6383% of 63,249 shares held)
- Public Non-Institutions voting: 78,825 votes polled (52.6149% of 149,815 shares held)
- Total votes polled: 644,727 (81.611% of total outstanding shares)
- Votes in favor: 644,727 (100%)
- Votes against: 0
- Invalid votes: 0
Resolution 2: Re-appointment of Director
- Description: Re-appointment of Mr. Meadem Sekhar (DIN: 02051004) who retires by rotation
- Promoter voting: 552,216 votes polled (95.7153% of 576,936 shares held)
- Public Institutions voting: 13,686 votes polled (21.6383% of 63,249 shares held)
- Public Non-Institutions voting: 78,825 votes polled (52.6149% of 149,815 shares held)
- Total votes polled: 644,727 (81.611% of total outstanding shares)
- Votes in favor: 644,727 (100%)
- Votes against: 0
- Invalid votes: 0
Resolution 3: Declaration of Final Dividend
- Description: Declaration of Final Dividend of ₹1.50 per Equity Share of face value ₹10 each (15%) for financial year ended March 31, 2026
- Promoter voting: 552,216 votes polled (95.7153% of 576,936 shares held)
- Public Institutions voting: 13,686 votes polled (21.6383% of 63,249 shares held)
- Public Non-Institutions voting: 78,825 votes polled (52.6149% of 149,815 shares held)
- Total votes polled: 644,727 (81.611% of total outstanding shares)
- Votes in favor: 644,727 (100%)
- Votes against: 0
- Invalid votes: 0
Resolution 4: Ratification of Cost Auditors' Remuneration
- Description: Ratification of Cost Auditors' Remuneration for financial year ending March 31, 2027
- Note: There appears to be a data inconsistency in the promoter shareholding figure shown as 5,769,366 instead of 576,936
- Promoter voting: 552,216 votes polled (9.5715% of 5,769,366 shares shown)
- Public Institutions voting: 13,686 votes polled (21.6383% of 63,249 shares held)
- Public Non-Institutions voting: 78,825 votes polled (52.6149% of 149,815 shares held)
- Total votes polled: 644,727 (10.777% of total 5,982,430 shares shown)
- Votes in favor: 644,727 (100%)
- Votes against: 0
- Invalid votes: 0
Scrutinizer Report Certification
CS K. Srinivasa Rao certified that:
- All four resolutions passed unanimously with 100% votes in favor
- No votes were cast against any resolution
- No invalid votes were recorded in either remote e-voting or poll at AGM
- 16 members were present and voting at the AGM venue
- Electronic data and records will be handed over to the Company Secretary for preservation