Meeting Details

The 31st Annual General Meeting was held on Monday, September 28, 2026, at 04:30 P.M. through Video Conferencing (VC) without a physical venue. The record date for determining shareholders entitled to vote was September 21, 2026.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed and approved:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with report of Auditors

3. Declaration of final dividend of ₹4 per equity share on fully paid-up equity shares of face value ₹10 each for FY ended March 31, 2026

4. Re-appointment of Mr. Vish Tadimety (DIN: 00008106) as Director who retired by rotation

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM) via MUFG Intime India Private Limited (Insta Vote)
  • E-voting during the AGM: September 28, 2026

Key Voting Outcomes

Resolution 1: Adoption of Standalone Financial Statements

  • Total votes cast: 18,818,823 (61.94% of outstanding shares)
  • Votes in favor: 18,818,780 (99.9998%)
  • Votes against: 43 (0.0002%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 11,470,078 votes (100% in favor)
  • Public Institutions: 101,846 votes (100% in favor)
  • Public Non-Institutions: 7,246,899 votes (99.9994% in favor, 43 against)

Resolution 2: Adoption of Consolidated Financial Statements

  • Total votes cast: 18,818,823 (61.94% of outstanding shares)
  • Votes in favor: 18,818,780 (99.9998%)
  • Votes against: 43 (0.0002%)
  • Same category-wise pattern as Resolution 1

Resolution 3: Dividend Declaration

  • Total votes cast: 18,818,823 (61.94% of outstanding shares)
  • Votes in favor: 18,818,781 (99.9998%)
  • Votes against: 42 (0.0002%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 11,470,078 votes (100% in favor)
  • Public Institutions: 101,846 votes (100% in favor)
  • Public Non-Institutions: 7,246,899 votes (99.9994% in favor, 42 against)

Resolution 4: Director Re-appointment

  • Total votes cast: 12,385,848 (40.77% of outstanding shares)
  • Votes in favor: 12,385,804 (99.9996%)
  • Votes against: 44 (0.0004%)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 5,037,103 votes (43.69% participation, 100% in favor)
  • Public Institutions: 101,846 votes (92.63% participation, 100% in favor)
  • Public Non-Institutions: 7,246,899 votes (38.67% participation, 99.9994% in favor, 44 against)
  • Note: Promoters Vish Tadimety & Red Banyan Holdings LLC (holding 6,432,975 shares) abstained from voting as interested parties

Participation Breakdown

  • Total shareholders on record date: 35,853
  • Shareholders attending via video conferencing: 53
  • Promoter & Promoter Group: 11
  • Public: 42
  • Proxy voting was not available for this VC meeting

Scrutinizer's Role and Findings

Anand V Kumashi (Membership No. F4636), Proprietor of Kumashi & Associates, was appointed as Scrutinizer to conduct both remote e-voting and e-voting during the AGM. The scrutinizer confirmed:

  • No invalid votes were cast
  • Voting rights on shares in 'Unclaimed Suspense Account' and 'Investor Education and Protection Fund' were frozen
  • Foreign Portfolio Investors without additional disclosures had restricted voting rights as per SEBI Master Circular
  • The resolutions were passed with requisite majority

Compliance Confirmation

The company confirmed compliance with Companies Act, 2013, SEBI Listing Regulations, and all applicable rules. Notice and Annual Report were dispatched to shareholders via email and physical mail where email wasn't registered. Newspaper advertisements were published in Financial Express (English) and Mumbai Lakshadeep (Marathi) on September 4, 2026.