Deepak Nitrite Limited AGM Voting Results Disclosure

Meeting Details

  • AGM Date: Wednesday, 5th August 2026
  • Meeting Duration: 11:30 AM to 1:18 PM (1 hour 48 minutes)
  • Total Shareholders: 38,037 as of record date (27th July 2026)
  • Attendance: 19 Promoter/Promoter Group shareholders and 51 Public shareholders attended via Video Conferencing

Voting Results Summary

All 14 resolutions were passed with requisite majority through remote e-voting (2nd August to 4th August 2026) and e-voting during the AGM.

Resolution Details

Resolution 1 - Ordinary Resolution

Approval of Audited Standalone Financial Statements for FY2026

  • Promoter Group: 67,295,898 votes (100% for)
  • Public Institutions: 37,411,436 votes (91.76% cast, 100% for)
  • Public Non-Institutions: 1,742,795 votes (6.15% cast, 99.91% for)
  • Total: 106,450,129 votes cast (78.05% participation)

Resolution 2 - Ordinary Resolution

Approval of Audited Consolidated Financial Statements for FY2026

  • Similar voting pattern as Resolution 1 with 99.9985% approval

Resolution 3 - Ordinary Resolution

Declaration of Dividend of ₹7.50 per share (375% on face value of ₹2.00) for FY2026

  • Promoter Group: 67,295,898 votes (100% for)
  • Public Institutions: 37,417,370 votes (91.76% cast, 100% for)
  • Public Non-Institutions: 1,741,795 votes (6.15% cast, 99.91% for)
  • Total: 106,451,063 votes cast (78.05% participation)

Resolution 4 - Ordinary Resolution

Re-appointment of Shri Girish Satarkar (DIN: 00340116) who retired by rotation

  • Passed with 99.65% approval

Resolution 5 - Ordinary Resolution

Appointment of Shri Anant Pande (DIN: 08186854) as Director liable to retire by rotation, replacing Shri Ajay C. Mehta (DIN: 00028405) who did not offer for re-appointment

  • Passed with 99.96% approval

Resolution 6 - Ordinary Resolution

Appointment of Shri Anant Pande as Executive Director & CMO for 3 years from 5th August 2026 with remuneration

  • Notable opposition from Public Institutions (26.49% against)
  • Overall passed with 90.69% approval

Resolution 7 - Ordinary Resolution

Re-appointment and elevation of Shri Maulik Mehta (DIN: 05227290) as Deputy Managing Director for 5 years from 9th May 2026 with remuneration

  • Significant opposition from Public Institutions (26.49% against)
  • Overall passed with 88.06% approval
  • Promoter Group participation: 65.17% (43,851,509 votes)

Resolution 8 - Ordinary Resolution

Elevation and appointment of Shri Meghav Mehta (DIN: 05229853) as Deputy Managing Director for 5 years from 9th May 2026 with remuneration

  • Significant opposition from Public Institutions (28.12% against)
  • Overall passed with 87.33% approval
  • Promoter Group participation: 65.18% (43,865,089 votes)

Resolution 9 - Ordinary Resolution

Re-appointment of Shri Sanjay Upadhyay (DIN: 01776546) as Director (Finance) & Group CFO for 5 years from 1st August 2026 with remuneration

  • Notable opposition from Public Institutions (26.49% against)
  • Overall passed with 90.69% approval

Resolution 10 - Ordinary Resolution

Re-appointment of Shri Girish Satarkar as Executive Director for 3 years from 4th August 2026 with remuneration

  • Notable opposition from Public Institutions (26.49% against)
  • Overall passed with 90.69% approval

Resolution 11 - Special Resolution

Appointment of Shri Milin Mehta (DIN: 01297508) as Independent Director for 3 years from 7th August 2026

  • Significant opposition from Public Institutions (10.91% against)
  • Overall passed with 96.16% approval

Resolution 12 - Special Resolution

Appointment of Shri Adnan Ahmad (DIN: 00046742) as Independent Director for 3 years from 7th August 2026

  • Minimal opposition (0.0023% against)
  • Overall passed with 99.9977% approval

Resolution 13 - Special Resolution

Payment of Remuneration to Executive Directors who are Promoters or members of Promoter Group

  • Significant opposition from Public Institutions (28.12% against)
  • Overall passed with 87.32% approval
  • Promoter Group participation: 65.07% (43,791,789 votes)

Resolution 14 - Ordinary Resolution

Ratification of remuneration of Cost Auditor for FY2026-27

  • Minimal opposition (0.0028% against)
  • Overall passed with 99.9972% approval

Scrutinizer Details

  • Scrutinizer: Dinesh Joshi, Designated Partner of M/s. KANJ & Co. LLP
  • Scrutinizer's report dated 5th August 2026 confirmed the voting results
  • Electronic voting records to be maintained until minutes are signed by Chairman