Meeting Details

The 20th Annual General Meeting of Dilip Buildcon Limited (CIN: L45201MP2006PLC018689) was held on Tuesday, September 22, 2026, starting at 11:00 A.M. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with MCA Circulars dated April 08, 2020, April 13, 2020, May 05, 2020, January 13, 2021, December 08, 2021, May 05, 2022, December 28, 2022, September 25, 2023, September 19, 2024, September 22, 2025 and SEBI Circulars dated January 15, 2021, May 13, 2022, January 05, 2023, October 07, 2023, and October 03, 2024.

Summary of Resolutions and Implications

Nineteen resolutions were put to vote, comprising Ordinary and Special Resolutions. Key resolutions included:

  • Item 1: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026.
  • Item 2: Declaration of Final Dividend on Equity Shares for FY 2025-26.
  • Item 3: Re-appointment of Mr. Devendra Jain (DIN: 02374610) as a Director liable to retire by rotation.
  • Item 4: Ratification of remuneration payable to the Cost Auditor for FY 2026-27.
  • Item 5: Approval for increase in remuneration of Ms. Tarishi Jain (Financial Analyst) holding an office of profit.
  • Items 6-16: Approval and enhancement of material Related Party Transaction limits with multiple subsidiary companies (DBL Neemuch Renewable Limited, DBL Shajapur Solar Limited, Mekhali Power Transmission Limited, DBL Bhopal Solar Limited, DBL Dhar Solar Limited, DBL Guna Solar Limited, DBL Mandsaur Solar Limited, DBL Mandvi Ratlam Renewable Limited, DBL Rajgarh Solar Limited, DBL Sukheda Ratlam Solar Limited, DBL Vidisha Solar Limited).
  • Item 17: Special Resolution for issuance of Non-Convertible Debentures (NCDs).
  • Item 18: Special Resolution for issuance of Commercial Paper.
  • Item 19: Special Resolution for continuation of Mr. Dilip Suryavanshi as Chairman and Managing Director.

Voting Process

The voting process involved two methods:

1. Remote E-voting: Commenced on Saturday, September 19, 2026 (9:00 A.M. IST) and ended on Monday, September 21, 2026 (5:00 P.M. IST) via the e-voting platform provided by MUFG Intime India Private Limited (https://instavote.linkintime.co.in).

2. E-voting during the AGM: Facility was provided for shareholders present in the AGM through VC/OAVM who had not cast their vote via remote e-voting. Voting was allowed up to 30 minutes from the conclusion of the AGM.

Voting rights were reckoned based on the paid-up Equity Share Capital as on the cut-off date of September 15, 2026.

Key Voting Outcomes

All 19 resolutions were passed with the requisite majority. The scrutinizer, Piyush Bindal (Proprietor of Piyush Bindal & Associates, Practicing Company Secretaries), consolidated the results.

Detailed Voting Results:

ITEM NO. 1: Ordinary Resolution (Adoption of Financial Statements)

  • Total Valid Votes Cast: 124,660,205
  • Votes in Favour: 124,660,205 (100% of valid votes)
  • Votes Against: 0
  • Invalid/Abstain Votes: 20,313 votes from an unspecified number of members
  • Voting Mode Breakdown:
  • Remote e-voting: 124,659,759 votes (99.99962%)
  • E-voting during AGM: 446 votes (0.000357%)

ITEM NO. 2: Ordinary Resolution (Final Dividend)

  • Total Valid Votes Cast: 124,680,518
  • Votes in Favour: 124,680,518 (99.99998% of valid votes)
  • Votes Against: 31 (0.00002% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 124,680,072 votes (99.99962%)
  • E-voting during AGM: 446 votes (0.000357%)

ITEM NO. 3: Ordinary Resolution (Re-appointment of Mr. Devendra Jain)

  • Total Valid Votes Cast: 89,121,477
  • Votes in Favour: 88,793,724 (99.6322% of valid votes)
  • Votes Against: 327,753 (0.3678% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 88,793,278 votes (99.6317% in favour); 327,753 votes against (0.3678%)
  • E-voting during AGM: 446 votes in favour (0.0005%)

ITEM NO. 4: Ordinary Resolution (Ratify Cost Auditor Remuneration)

  • Total Valid Votes Cast: 124,680,518
  • Votes in Favour: 124,680,518 (99.99998% of valid votes)
  • Votes Against: 31 (0.00002% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 124,680,072 votes (99.99962%)
  • E-voting during AGM: 446 votes (0.000357%)

ITEM NO. 5: Ordinary Resolution (Increase Remuneration of Ms. Tarishi Jain)

  • Total Valid Votes Cast: 89,121,477
  • Votes in Favour: 86,487,160 (97.0441% of valid votes)
  • Votes Against: 2,634,317 (2.9559% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 86,486,714 votes in favour (97.0436%); 2,634,317 votes against (2.9559%)
  • E-voting during AGM: 446 votes in favour (0.0005%)

ITEMS NO. 6 to 16: Ordinary Resolutions (Related Party Transactions)

All 11 resolutions (Items 6-16) followed an identical voting pattern for their respective entities:

  • Total Valid Votes Cast: 124,680,549 (approx. for each)
  • Votes in Favour: 124,523,685 (99.8742% of valid votes)
  • Votes Against: 156,864 (0.1258% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 124,523,239 votes in favour (99.8739%); 156,864 votes against (0.1258%)
  • E-voting during AGM: 446 votes in favour (0.0003%)

ITEM NO. 17: Special Resolution (Issuance of NCDs)

  • Total Valid Votes Cast: 124,680,518
  • Votes in Favour: 124,680,518 (99.99998% of valid votes)
  • Votes Against: 31 (0.00002% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 124,680,072 votes (99.99962%)
  • E-voting during AGM: 446 votes (0.000357%)

ITEM NO. 18: Special Resolution (Issuance of Commercial Paper)

  • Total Valid Votes Cast: 124,680,518
  • Votes in Favour: 124,680,518 (99.99998% of valid votes)
  • Votes Against: 31 (0.00002% of valid votes)
  • Invalid/Abstain Votes: 0
  • Voting Mode Breakdown:
  • Remote e-voting: 124,680,072 votes (99.99962%)
  • E-voting during AGM: 446 votes (0.000357%)

ITEM NO. 19: Special Resolution (Continuation of Mr. Dilip Suryavanshi as CMD)

  • Total Valid Votes Cast: 69,571,459
  • Votes in Favour: 69,415,575 (99.7745% of valid votes)
  • Votes Against: 156,884 (0.2255% of valid votes)
  • Invalid/Abstain Votes: 103 votes from an unspecified number of members
  • Voting Mode Breakdown:
  • Remote e-voting: 69,415,232 votes in favour (99.7740%); 156,884 votes against (0.2255%)
  • E-voting during AGM: 343 votes in favour (0.00049%)

Scrutinizer's Role and Findings

Piyush Bindal was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. His responsibility was to ensure a fair and transparent process and submit a consolidated report based on the data generated from the e-voting system provided by MUFG Intime India Private Limited. The management of the company was responsible for ensuring compliance with the Act, Rules, and Secretarial Standard SS-2. The scrutinizer confirmed that all resolutions were passed with the requisite majority.

Compliance Confirmation

The voting process and the meeting were conducted in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI LODR Regulations, the SEBI Master Circular dated January 30, 2026, and the Secretarial Standard on General Meetings (SS-2).