Meeting Details

The 8th Annual General Meeting was held on Friday, 25th September 2026 at 12:30 P.M. through Video-Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting ended at 02:05 PM. The deemed venue was 6-3-666/A1 To 7 - 3rd & 4th Floors, Opp. NIMS Hospital, Punjagutta Main Road, Hyderabad, Telangana - 500082.

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Adoption of Audited Standalone Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors

3. Reappointment of Mr. Karan Bajaj (DIN: 07899639) as Director retiring by rotation

4. Approval for Increase in Borrowing Limits under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

5. Approval for Creation of Charges on Assets under Section 180(1)(a) of Companies Act, 2013 (Special Resolution)

Voting Process and Methods

The Company provided remote e-voting facility through NSDL e-Voting Services from Tuesday, 22nd September 2026 at 09:00 A.M. (IST) to Thursday, 24th September 2026 at 05:00 P.M. (IST). Additionally, e-voting was conducted during the AGM through insta-poll. The cut-off date for determining voting rights was 18th September 2026.

Voting Outcomes

Overall Participation

  • Total shareholders on record date: 103,279
  • Total outstanding shares: 384,748,762
  • Total votes cast: 321,265,841 shares (83.5002% participation)
  • Promoters attended: 3 through video conferencing
  • Public shareholders attended: 41 through video conferencing

Resolution-wise Results

Item 1: Adoption of Standalone Financial Statements (Ordinary Resolution)

  • Votes in favor: 321,262,382 (99.9989% of valid votes)
  • Votes against: 3,459 (0.0011% of valid votes)
  • Invalid votes: Nil
  • Result: PASSED

Item 2: Adoption of Consolidated Financial Statements (Ordinary Resolution)

  • Votes in favor: 321,262,381 (99.9989% of valid votes)
  • Votes against: 3,460 (0.0011% of valid votes)
  • Invalid votes: Nil
  • Result: PASSED

Item 3: Reappointment of Mr. Karan Bajaj (Ordinary Resolution)

  • Votes in favor: 321,275,001 (99.996% of valid votes)
  • Votes against: 12,759 (0.004% of valid votes)
  • Invalid votes: Nil
  • Result: PASSED

Item 4: Increase in Borrowing Limits (Special Resolution)

  • Votes in favor: 321,229,790 (99.982% of valid votes)
  • Votes against: 57,970 (0.018% of valid votes)
  • Invalid votes: Nil
  • Result: PASSED (met requirement of votes in favor being not less than thrice votes against)

Item 5: Creation of Charges on Assets (Special Resolution)

  • Votes in favor: 321,230,286 (99.9821% of valid votes)
  • Votes against: 57,474 (0.0179% of valid votes)
  • Invalid votes: Nil
  • Result: PASSED (met requirement of votes in favor being not less than thrice votes against)

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 250,752,277
  • Votes polled: 248,788,672 (99.2169% participation)
  • Voted 100% in favor of all resolutions

Public Institutions

  • Shares held: 61,115,220
  • Votes polled: 59,720,574 (97.718% participation)
  • Nearly 100% in favor for most resolutions, with minor opposition (330 votes against) on borrowing limit resolution

Public Non-Institutions

  • Shares held: 72,881,265
  • Votes polled: 12,756,595-12,778,514 (17.50-17.53% participation)
  • Showed highest opposition rates, particularly on director reappointment and borrowing-related resolutions

Scrutinizer Appointment and Findings

Mr. Vinod Sakaram, Practicing Company Secretary (ACS: 23285, CP No. 8345) of VSSK & Associates (ICSI Unique Code: P2015TL044700) was appointed as Scrutinizer by the Board at their meeting on 29th August 2026. His responsibilities included ensuring fair and transparent voting process and submitting consolidated report on voting results.

The scrutinizer confirmed that the voting process was conducted properly and all resolutions passed with requisite majority. Votes cast in both e-voting and poll by the same shareholders were considered invalid, with only e-voting votes being counted.

Compliance with Regulations

The Company complied with:

  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 7, 2023, October 3, 2024, General Circular No.03/2025 dated 22nd September 2025
  • MCA Circulars including Circular No. 14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 09/2023, 09/2024
  • Advertisement published in Business Standard (all India edition) and Surya (Telugu) on 2nd September 2026
  • Notice dispatched to 103,638 members via email on 1st September 2026