Meeting Details

The 17th Annual General Meeting was held on Monday, September 28, 2026, at 5:30 PM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The record date for determining shareholders entitled to vote was September 21, 2026.

Shareholder Participation

  • Total shareholders present through video conferencing: 46 (1 Promoter & Promoter Group, 45 Public)
  • No shareholders attended in person or through proxy

Voting Process and Methods

The company provided two voting methods:

1. Remote E-Voting: Conducted from Friday, September 25, 2026 (9:00 AM IST) to Sunday, September 27, 2026 (5:00 PM IST) through NSDL's e-voting platform

2. E-Voting at AGM: Conducted during the meeting for members who attended through VC but hadn't voted remotely

The company appointed Sachin Bidkar, Practicing Company Secretary, as scrutinizer for both voting processes. An advertisement was published in Financial Express (English) and Mumbai Pratahkaal (Marathi) newspapers on September 4, 2026, containing all required voting information.

Resolution Details and Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Description: To consider and adopt the audited Standalone and Consolidated Financial statements for FY ended March 31, 2026, and reports of Board of Directors and Auditors
  • Total votes cast: 229,491,174 from 139 shareholders
  • Votes in favor: 229,335,213 (99.93%)
  • Votes against: 155,963 (0.07%)
  • Result: Passed with majority

Resolution 2: Director Retirement Notice

  • Type: Ordinary Resolution
  • Description: To note that Mr. Maruti Deore (DIN: 02780312), Non-Executive Non-Independent Director liable to retire by rotation, does not seek re-election and company is not appointing any replacement
  • Total votes cast: 229,491,174 from 139 shareholders
  • Votes in favor: 229,333,191 (99.93%)
  • Votes against: 157,984 (0.07%)
  • Result: Passed with majority

Resolution 3: Appointment of Independent Director

  • Type: Special Resolution
  • Description: Appointment of Mr. Sandip Anandrao Sutar (DIN: 08081182) as Independent Director
  • Total votes cast: 229,491,176 from 139 shareholders
  • Votes in favor: 229,295,213 (99.91%)
  • Votes against: 195,963 (0.09%)
  • Result: Passed with majority

Resolution 4: Appointment of Independent Director

  • Type: Special Resolution
  • Description: Appointment of Mr. Anil Rajmal Bhandari (DIN: 11917123) as Independent Director
  • Total votes cast: 229,491,174 from 139 shareholders
  • Votes in favor: 229,335,098 (99.93%)
  • Votes against: 156,078 (0.07%)
  • Result: Passed with majority

Resolution 5: Re-appointment of Independent Director

  • Type: Special Resolution
  • Description: Re-appointment of Mr. Prakash Vaghela (DIN: 07768595) as Non-Executive Independent Director
  • Total votes cast: 229,491,174 from 139 shareholders
  • Votes in favor: 229,335,098 (99.93%)
  • Votes against: 156,078 (0.07%)
  • Result: Passed with majority

Scrutinizer's Role and Findings

Sachin Bidkar was appointed as scrutinizer at the Board of Directors meeting held on September 2, 2026. His responsibilities included:

  • Examining votes cast for and against each resolution using reports generated from NSDL's e-voting system
  • Maintaining an electronic register to record assent and dissent
  • Certifying that no shares with differential voting rights exist in the company
  • Confirming that all resolutions were approved with requisite majority

The scrutinizer maintained all records electronically and arranged to hand them over to the Company Secretary as required by regulations.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20(3)(xi) and other applicable provisions of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars regarding e-voting procedures