Meeting Details

The 16th AGM was held on Monday, September 21, 2026, at 10:00 A.M. IST through Video Conferencing / Other Audio Visual Means (VC/OAVM). The meeting was conducted virtually without physical attendance, in compliance with MCA Circulars, and the facility for appointment of proxies was dispensed with.

Proposed Resolutions and Implications

Seven resolutions were proposed and approved:

1. Item No. 1 (Ordinary Resolution): Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, along with reports of the Board of Directors and Auditors.

2. Item No. 2 (Ordinary Resolution): Re-appointment of Dr. Anosh Agarwal (DIN:02636035) as Whole-Time Director and Chief Operating Officer.

3. Item No. 3 (Ordinary Resolution): Re-appointment of Mr. Ankur Nand Thadani (DIN:03566737) as Non-Executive Director.

4. Item No. 4 (Ordinary Resolution): Appointment of M/S. S.R. Batliboi & Associates LLP as Statutory Auditors until the conclusion of the 20th AGM, including remuneration fixation.

5. Item No. 5 (Special Resolution): Revision in remuneration of Dr. Adil Agarwal (DIN:01074272), Whole-Time Director and Chief Executive Officer.

6. Item No. 6 (Special Resolution): Revision in remuneration of Dr. Anosh Agarwal (DIN:02636035), Whole-Time Director and Chief Operating Officer.

7. Item No. 7 (Ordinary Resolution): Ratification of remuneration to the Cost Auditor for FY 2025-26.

Voting Process and Methods

Remote e-voting was conducted via NSDL from September 17, 2026 (09:00 A.M. IST) to September 20, 2026 (05:00 P.M. IST). E-voting during the AGM was available for shareholders present via VC/OAVM who had not voted remotely. The scrutinizer, Mr. Subramanian Chandrasekar, Practicing Company Secretary (FCS No. 6773; CP No. 13761), was appointed to ensure a fair and transparent process.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date (September 15, 2026): 42,656
  • Total shares outstanding: 31,70,26,183
  • Total votes cast: 30,13,60,021 shares (95.0584% of outstanding shares)
  • Five promoters attended the meeting via VC/OAVM.

Resolution-wise Results

Item No. 1 (Ordinary Resolution)
  • Total votes cast: 30,13,60,021 shares (273 members)
  • Votes in favor: 30,11,38,100 shares (99.9264%)
  • Votes against: 2,21,921 shares (0.0736%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 99.8875% in favor (19,69,24,275 shares)
  • Public Non-Institutions: 99.9944% in favor (17,09,707 shares)
Item No. 2 (Ordinary Resolution)
  • Total votes cast: 30,13,59,936 shares
  • Votes in favor: 30,12,50,273 shares (99.9636%)
  • Votes against: 1,09,663 shares (0.0364%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 99.9445% in favor (19,70,36,705 shares)
  • Public Non-Institutions: 99.9844% in favor (17,09,450 shares)
Item No. 3 (Ordinary Resolution)
  • Total votes cast: 30,10,46,506 shares (273 members)
  • Votes in favor: 26,40,08,231 shares (87.6968%)
  • Votes against: 3,70,38,275 shares (12.3032%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 81.1830% in favor (15,97,94,663 shares)
  • Public Non-Institutions: 99.9844% in favor (17,09,450 shares)
Item No. 4 (Ordinary Resolution)
  • Total votes cast: 30,13,59,971 shares (273 members)
  • Votes in favor: 30,13,58,092 shares (99.9994%)
  • Votes against: 1,879 shares (0.0006%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 99.9991% in favor (19,71,44,352 shares)
  • Public Non-Institutions: 99.9924% in favor (17,09,622 shares)
Item No. 5 (Special Resolution)
  • Total votes cast: 30,13,59,936 shares (271 members)
  • Votes in favor: 30,13,11,182 shares (99.9838%)
  • Votes against: 48,754 shares (0.0162%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 99.9754% in favor (19,70,97,611 shares)
  • Public Non-Institutions: 99.9846% in favor (17,09,453 shares)
Item No. 6 (Special Resolution)
  • Total votes cast: 30,13,59,936 shares (271 members)
  • Votes in favor: 30,13,11,182 shares (99.9838%)
  • Votes against: 48,754 shares (0.0162%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 99.9754% in favor (19,70,97,611 shares)
  • Public Non-Institutions: 99.9846% in favor (17,09,453 shares)
Item No. 7 (Ordinary Resolution)
  • Total votes cast: 30,13,59,936 shares (271 members)
  • Votes in favor: 30,13,59,806 shares (100.0000%)
  • Votes against: 130 shares (0.0000%)
  • Promoter & Promoter Group: 100% in favor (10,25,04,118 shares)
  • Public Institutions: 100% in favor (19,71,46,101 shares)
  • Public Non-Institutions: 99.9924% in favor (17,09,587 shares)

Scrutinizer's Role and Findings

Mr. Subramanian Chandrasekar was appointed scrutinizer on August 4, 2026. He relied on data from NSDL and Kfin Technologies Limited (RTA). The voting results were unblocked in the presence of witnesses Ms. Akila Sridhar and Ms. Mary Josephine Christina J. The scrutinizer confirmed all resolutions were passed with requisite majority and the process was fair and transparent. Electronic records will be handed over to the Company Secretary after the Chairman signs the minutes.

Compliance Confirmation

The meeting and voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, SEBI LODR Regulations, and MCA Circulars. The results are hosted on the company's website (www.dragarwals.co.in) and NSDL's website.