Meeting Details

  • Date of Meeting: Saturday, September 26, 2026
  • Time: 12:00 noon IST
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type of Meeting: 87th Annual General Meeting
  • Cut-off/Record Date: Saturday, September 19, 2026
  • Total Shareholders on Record Date: 1,06,917

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Confirmation of Interim Dividend and Declaration of Final Dividend

3. Ordinary Resolution: Re-appointment of Mr. Ashish Pramodkumar Jain (DIN: 00866676) as Director retiring by rotation

4. Special Resolution: Appointment of Mr. Adhiraj Anil Harish (DIN: 03380459) as an Independent Director

5. Ordinary Resolution: Ratification of Remuneration of Cost Auditors for FY ending March 31, 2027

All resolutions were passed with the requisite majority.

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting: Available through NSDL from September 23, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)
  • E-voting during AGM: Conducted during the meeting on September 26, 2026

Newspaper advertisements were published in Business Standard (English) on September 5, 2026, and Lokmitra (Gujarati) on September 6, 2026.

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 29,51,55,017
  • Total Votes Polled: 14,65,84,417 to 14,66,87,024 across resolutions (49.66%-49.70% turnout)
  • Shareholders Attending via VC/OAVM: 63 (19 Promoter/Promoter Group, 44 Public)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements
  • Total Votes Polled: 14,65,84,417 (49.6635% of outstanding shares)
  • In Favor: 14,64,97,070 (99.9404% of votes polled)
  • Against: 87,347 (0.0596% of votes polled)
  • Promoter Group: 13,29,44,043 votes (100% in favor)
  • Public Institutional: 16,68,136 votes (100% in favor)
  • Public Others: 1,19,72,238 votes (99.2704% in favor, 0.7296% against)
Resolution 2: Dividend Declaration
  • Total Votes Polled: 14,66,87,024 (49.6983% of outstanding shares)
  • In Favor: 14,65,99,652 (99.9404% of votes polled)
  • Against: 87,372 (0.0596% of votes polled)
  • Promoter Group: 13,29,44,043 votes (100% in favor)
  • Public Institutional: 17,70,743 votes (100% in favor)
  • Public Others: 1,19,72,238 votes (99.2702% in favor, 0.7298% against)
Resolution 3: Re-appointment of Director (Ashish Jain)
  • Total Votes Polled: 14,66,87,024 (49.6983% of outstanding shares)
  • In Favor: 14,65,98,581 (99.9397% of votes polled)
  • Against: 88,443 (0.0603% of votes polled)
  • Promoter Group: 13,29,44,043 votes (100% in favor)
  • Public Institutional: 17,70,743 votes (100% in favor)
  • Public Others: 1,19,72,238 votes (99.2613% in favor, 0.7387% against)
Resolution 4: Appointment of Independent Director (Adhiraj Harish)
  • Total Votes Polled: 14,66,86,999 (49.6983% of outstanding shares)
  • In Favor: 14,65,98,363 (99.9396% of votes polled)
  • Against: 88,636 (0.0604% of votes polled)
  • Promoter Group: 13,29,44,043 votes (100% in favor)
  • Public Institutional: 17,70,743 votes (100% in favor)
  • Public Others: 1,19,72,213 votes (99.2597% in favor, 0.7403% against)
Resolution 5: Ratification of Cost Auditor Remuneration
  • Total Votes Polled: 14,66,86,999 (49.6983% of outstanding shares)
  • In Favor: 14,65,98,856 (99.9399% of votes polled)
  • Against: 88,143 (0.0601% of votes polled)
  • Promoter Group: 13,29,44,043 votes (100% in favor)
  • Public Institutional: 17,70,743 votes (100% in favor)
  • Public Others: 1,19,72,213 votes (99.2638% in favor, 0.7362% against)

Scrutinizer's Role and Findings

  • Scrutinizer: Vaibhav Dandawate (Partner, Makarand M. Joshi & Co., ACS No. 51538, CP No. 27947)
  • Appointment Date: Thursday, August 13, 2026
  • Key Findings: No invalid votes were cast in any resolution. Votes cast do not include abstained votes. All resolutions passed with requisite majority.
  • Foreign Portfolio Investor Restriction: Not applicable as no FPI votes were restricted under SEBI Master Circular.

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rules 20 & 21 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • Secretarial Standard - 2 on General Meetings

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.dcwltd.com) and NSDL's website (www.evoting.nsdl.com).