Meeting Details

  • Meeting Type: 37th Annual General Meeting (AGM)
  • Date: September 23, 2026
  • Time: 11:00 AM to 12:05 PM IST
  • Location: Conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM)
  • Record Date: September 16, 2026

Proposed Resolutions and Implications

All six resolutions were approved by shareholders:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Ordinary Resolution: Declaration of Dividend on Equity Shares

3. Ordinary Resolution: Re-appointment of Mr. Deepak Nagvekar (DIN: 11300643) as Director retiring by rotation

4. Ordinary Resolution: Approval for increase in maximum aggregate value of Material Related Party Transactions with Industrie De Nora S.p.A., Italy ('ION') for FY 2026-27 (Promoters interested - abstained from voting)

5. Ordinary Resolution: Approval for Material Related Party Transactions with Industrie De Nora S.p.A., Italy ('ION') for FY 2027-28 (Promoters interested - abstained from voting)

6. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027

Voting Process and Methods

  • E-voting Period: September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM) through CDSL
  • Remote e-voting: Available during AGM as per MCA Circular No. 20/2020 and subsequent circulars
  • Total Shareholders on Record Date: 14,022
  • Attendance: 1 Promoter and 50 Public shareholders attended via video conferencing

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 2,868,172 (54.0284% of outstanding shares)
  • In Favor: 2,868,123 votes (99.9983%)
  • Against: 49 votes (0.0017%)
  • Promoter Group: 100% in favor (2,849,500 votes)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 99.3016% in favor (6,967 votes), 0.6984% against (49 votes)

Resolution 2: Dividend Declaration

  • Total Votes Cast: 2,868,172 (54.0284% of outstanding shares)
  • In Favor: 2,868,123 votes (99.9983%)
  • Against: 49 votes (0.0017%)
  • Promoter Group: 100% in favor (2,849,500 votes)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 99.3016% in favor (6,967 votes), 0.6984% against (49 votes)

Resolution 3: Director Re-appointment

  • Total Votes Cast: 2,868,172 (54.0284% of outstanding shares)
  • In Favor: 2,868,123 votes (99.9983%)
  • Against: 49 votes (0.0017%)
  • Promoter Group: 100% in favor (2,849,500 votes)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 99.3016% in favor (6,967 votes), 0.6984% against (49 votes)

Resolution 4: Related Party Transactions FY26-27

  • Total Votes Cast: 18,672 (0.3517% of outstanding shares) - Promoters abstained
  • In Favor: 18,623 votes (99.7376%)
  • Against: 49 votes (0.2624%)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 99.3016% in favor (6,967 votes), 0.6984% against (49 votes)

Resolution 5: Related Party Transactions FY27-28

  • Total Votes Cast: 18,672 (0.3517% of outstanding shares) - Promoters abstained
  • In Favor: 18,623 votes (99.7376%)
  • Against: 49 votes (0.2624%)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 99.3016% in favor (6,967 votes), 0.6984% against (49 votes)

Resolution 6: Cost Auditor Remuneration

  • Total Votes Cast: 2,868,172 (54.0284% of outstanding shares)
  • In Favor: 2,867,898 votes (99.9904%)
  • Against: 274 votes (0.0096%)
  • Promoter Group: 100% in favor (2,849,500 votes)
  • Public Institutions: 100% in favor (11,656 votes)
  • Public Non-Institutions: 96.0946% in favor (6,742 votes), 3.9054% against (274 votes)

Scrutinizer's Role and Findings

  • Name: Rakhee Raghunath Malkarnekar, Practicing Company Secretary
  • Firm: Rakhee Raghunath Malkarnekar
  • Qualification: CS, Membership Number: 56859
  • Appointment Date: July 30, 2026
  • Report Date: September 23, 2026

Scrutinizer confirmed:

  • E-voting was conducted through CDSL platform
  • Votes were unblocked after AGM conclusion in presence of two witnesses (Ms. Reema Prabhu and Ms. Gayatri Kamat)
  • Scrutiny was based on data from CDSL system matched with Register of Members
  • All resolutions passed with requisite majority
  • No invalid votes recorded in any category

Compliance Confirmation

Compliance confirmed with:

  • Section 109 of Companies Act, 2013
  • Rule 21(2) of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • MCA Circular No. 20/2020 and subsequent circulars

Additional Information

  • Voting results hosted on company website (https://india.denora.com) and CDSL website (www.evotingindia.com)
  • Total outstanding shares: 5,308,634
  • Promoter holding: 2,849,500 shares (53.68%)
  • Public Institutions holding: 55,015 shares (1.04%)
  • Public Non-Institutions holding: 2,404,119 shares (45.28%)