Meeting Details

The 66th AGM was held on Thursday, August 27, 2026 at 11:30 a.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA circulars dated September 22, 2025.

Voting Process

Remote e-voting was conducted prior to the AGM and concluded on Wednesday, August 26, 2026 at 5:00 p.m. Electronic voting during the AGM was facilitated by Central Depository Services (India) Limited (CDSL). Votes were unblocked on August 27, 2026 at approximately 12:30 p.m. in the presence of two independent witnesses: Mr. Edlon Dsouza and Mr. Krishnakant Adagale.

Voting Results

All six resolutions were passed with 100% votes in favor:

Resolution 1 - Adoption of Financial Statements

  • Voted in favor: 48,27,209 votes (100%)
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Resolution 2 - Dividend Declaration

  • Declaration of dividend of ₹1.50 (15%) per equity share of face value ₹10 each for FY ended March 31, 2026
  • Voted in favor: 48,27,209 votes (100%) by 65 members
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Resolution 3 - Director Re-appointment

  • Re-appointment of Mrs. Shernaz Vakil (DIN: 00002519) who retired by rotation
  • Voted in favor: 48,27,209 votes (100%) by 65 members
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Resolution 4 - Cost Auditor Remuneration

  • Ratification of remuneration payable to M/s. Diwanii & Associates, Cost Accountants (Firm Registration no. 100227) as Cost Auditor for FY ending March 31, 2027
  • Voted in favor: 48,27,209 votes (100%) by 65 members
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Resolution 5 - Related Party Transaction with ChampionX Dai-ichi

  • Approval of Material Related Party Transactions with ChampionX Dai-ichi India Private Limited (CXDI)
  • Voted in favor: 59,909 votes (100%) by 42 members
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Resolution 6 - Related Party Transaction with Indian Oxides

  • Approval of Material Related Party Transactions with Indian Oxides and Chemicals Private Limited (IOCL)
  • Voted in favor: 59,909 votes (100%) by 42 members
  • Voted against: 0 votes (0%)
  • Invalid votes: None

Scrutinizer Details

The scrutinizer was Mr. Alwyn D'Souza of M/s. Alwyn Jay & Co., Company Secretaries (Firm Registration No: P2010MH021500), appointed by the Board of Directors. The report was countersigned by Ankit Parimal Shah, Company Secretary & Compliance Officer (Membership No. A35008) of Dai-ichi Karkaria Limited.