Duncan Engineering Limited held its 65th Annual General Meeting (AGM) on Friday, July 24, 2026, from 3:30 PM to 4:40 PM IST through Video Conference and Other Audio-Visual Means. The Registered Office of the Company at F-33, Ranjangaon MIDC, Karegaon, Shirur, Pune - 412220, India was deemed to be the venue for the AGM.

The meeting was conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Companies Act, 2013, and relevant MCA and SEBI circulars. Physical attendance of members was dispensed with, and the facility for appointment of proxies was also not available.

Voting Details

Record Date: July 17, 2026

Total Shareholders on Record Date: 3,722

Total Outstanding Shares: 3,696,000

Attendance:

  • Promoters/Promoter Group attending via VC/OAVM: 3 members
  • Public shareholders attending via VC/OAVM: 37 members
  • No shareholders were present in person or by proxy

Voting Participation:

  • 14 members cast votes (13 via remote e-voting, 1 during AGM)
  • 2,834,888 shares voted, representing 76.7015% of total outstanding shares
  • No invalid votes were recorded across all categories

Resolution Outcomes

All four resolutions proposed in the AGM notice were passed with requisite majority:

Resolution 1 - Ordinary Resolution

  • Description: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon
  • Votes in Favor: 2,834,886 shares (99.9999%)
  • Votes Against: 2 shares (0.0001%)
  • Result: Passed

Resolution 2 - Ordinary Resolution

  • Description: To declare dividend of ₹3.00 per equity share of face value of ₹10 each for the financial year ended March 31, 2026
  • Votes in Favor: 2,834,886 shares (99.9999%)
  • Votes Against: 2 shares (0.0001%)
  • Result: Passed

Resolution 3 - Ordinary Resolution

  • Description: To appoint a director in place of Mr. Arvind Goenka (DIN: 00135653), who retires by rotation and being eligible offers himself for re-appointment
  • Votes in Favor: 2,834,886 shares (99.9999%)
  • Votes Against: 2 shares (0.0001%)
  • Result: Passed

Resolution 4 - Special Resolution

  • Description: To re-appoint Mr. Akshat Goenka (DIN: 07131982) as Managing Director of the Company and approve the remuneration
  • Promoter/Promoter Group was interested in this resolution
  • Votes in Favor: 2,834,886 shares (99.9999%)
  • Votes Against: 2 shares (0.0001%)
  • Result: Passed (required special majority)

Voting Breakdown by Category

Promoter and Promoter Group

  • Shares Held: 2,755,855
  • Votes Polled: 2,755,855 (100% of shares held)
  • All votes were cast in favor of all resolutions
  • Voting Mode: 100% via e-voting

Public Institutions

  • Shares Held: 2,075
  • Votes Polled: 0
  • No participation in voting

Public - Non Institutions

  • Shares Held: 938,070
  • Votes Polled: 79,033 (8.4251% of shares held)
  • Voting Mode: 79,023 via e-voting, 10 during AGM
  • Nearly unanimous support with only 2 shares voting against resolutions

Scrutinizer Details

Appointed Scrutinizer: Shaswati Vaishnav of S. Vaishnav & Associates (Practicing Company Secretary, FRN No. S2025MH1008500)

Date of Appointment: May 16, 2026 (Board Meeting)

Scrutinizer Report Date: July 24, 2026

Additional Information

  • The AGM notice along with Annual Report for FY 2025-2026 was sent electronically to members with registered email addresses
  • Physical copies were sent to members without registered email addresses
  • The remote e-voting facility was provided by MUFG Intime India Private Limited
  • Voting period: July 21, 2026 (9:00 AM) to July 23, 2026 (5:00 PM)