Meeting Details

The 41st Annual General Meeting was held through Video Conferencing on August 12, 2026, from 2:30 PM to 3:14 PM. Record date was August 5, 2026, with 4,973 shareholders on record. Total attendance through VC was 35 shareholders (2 promoters, 33 public).

Scrutinizer Appointment

Nagendra D Rao, Practicing Company Secretary (Membership No. 5553), was appointed as scrutinizer by the Board of Directors on May 19, 2026. The scrutinizer's report was issued on August 12, 2026.

Voting Process

Remote e-voting was conducted through CDSL from August 7, 2026 (9:00 AM) to August 11, 2026 (5:00 PM). Advertisement was published in Financial Express (English) and Vishwavani (Kannada) newspapers on July 1, 2026 and July 21, 2026.

Resolution Details

Resolution 1: Adoption of Audited Financial Statements

  • Type: Ordinary Resolution
  • Description: Adoption of Audited Financial Statements for year ended March 31, 2026
  • Total Votes Polled: 1,209,502 (83.17% of outstanding shares)
  • Votes in Favor: 1,209,499 (99.9998%)
  • Votes Against: 3 (0.0002%)
  • Result: Passed

Resolution 2: Declaration of Final Dividend

  • Type: Ordinary Resolution
  • Description: Final dividend of ₹200 (2000%) per equity share of ₹10 each for FY ended March 31, 2026
  • Total Votes Polled: 1,209,502 (83.17% of outstanding shares)
  • Votes in Favor: 1,209,499 (99.9998%)
  • Votes Against: 3 (0.0002%)
  • Result: Passed

Resolution 3: Re-appointment of Director

  • Type: Ordinary Resolution
  • Description: Re-appointment of Ms. Hila Hartvig Plathe Tennesen (DIN: 08507796) who retires by rotation
  • Total Votes Polled: 1,209,502 (83.17% of outstanding shares)
  • Votes in Favor: 1,209,499 (99.9998%)
  • Votes Against: 3 (0.0002%)
  • Result: Passed

Resolution 4: Re-appointment of MD & CEO

  • Type: Special Resolution
  • Description: Re-appointment of Mr. Lokesh Saxena (DIN: 07823712) as Managing Director & Chief Executive Officer
  • Total Votes Polled: 1,209,502 (83.17% of outstanding shares)
  • Votes in Favor: 1,209,499 (99.9998%)
  • Votes Against: 3 (0.0002%)
  • Result: Passed (special majority requirement met)

Resolution 5: Ratification of Cost Auditors' Remuneration

  • Type: Ordinary Resolution
  • Description: Ratification of remuneration of Cost Auditors
  • Total Votes Polled: 1,209,502 (83.17% of outstanding shares)
  • Votes in Favor: 1,209,499 (99.9998%)
  • Votes Against: 3 (0.0002%)
  • Result: Passed

Resolution 6: Approval of Material Related Party Transactions

  • Type: Ordinary Resolution
  • Description: Approval of Material Related Party Transactions for FY2026-27 with DISA Industries A/S, Denmark
  • Total Votes Polled: 121,445 (8.35% of outstanding shares)
  • Votes in Favor: 121,442 (99.9975%)
  • Votes Against: 3 (0.0025%)
  • Result: Passed

Shareholding Pattern

  • Total Outstanding Shares: 1,454,205
  • Promoter & Promoter Group: 1,088,056 shares (74.83%)
  • Public Institutions: 120,993 shares (8.32%)
  • Public Non-Institutions: 245,156 shares (16.85%)

Voting Participation

  • Total Votes Polled: 1,209,502 shares (83.17% of total outstanding)
  • Promoter Participation: 1,088,056 votes (100% of promoter holding)
  • Public Institutions Participation: 120,284 votes (99.414% of institution holding)
  • Public Non-Institutions Participation: 1,162 votes (0.474% of non-institution holding)

Invalid Votes

No invalid votes were reported across all categories of shareholders for any resolution.