Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Elgi Rubber Company Limited
Meeting Details
The 20th Annual General Meeting was held on Thursday, August 27, 2026 at 10:00 AM (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted in accordance with Section 96, 108, 109 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI LODR Regulations, 2015, and Secretarial Standard SS-2.
Proposed Resolutions and Implications
The AGM considered five resolutions covering both ordinary and special business:
Ordinary Business:
1. Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026
2. Re-appointment of Sudarsan Varadaraj (DIN: 00133533) as Director on retirement by rotation
Special Business:
3. Re-appointment of Sudarsan Varadaraj as Chairman and Managing Director for 5 years effective January 1, 2027 with remuneration
4. Re-appointment of Harsha Varadaraj (DIN: 06856957) as Whole-Time Director (Executive Director) for 5 years effective November 6, 2026 with remuneration
5. Ratification of remuneration payable to M/s. P. Mohan Kumar & Co. (Firm Registration No.100490) as Cost Auditor for FY 2026-27
Voting Process and Methods
The Company provided two voting methods:
1. Remote e-voting period: August 24, 2026 (9:00 AM IST) to August 26, 2026 (5:00 PM IST)
2. E-voting during AGM: Available to shareholders present through VC/OAVM who hadn't voted remotely
The Company engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the e-voting agency. The cut-off date for determining voting eligibility was Thursday, August 20, 2026.
Key Voting Outcomes
All five resolutions received unanimous approval with 100% votes in favor:
Resolution-wise Voting Results:
Item 1 - Adoption of Financial Statements:
- Total Valid Votes: 3,29,49,304 shares (100%)
- Votes in Favor: 3,29,49,304 shares (100%)
- Votes Against: 0 shares (0%)
- Invalid Votes: 0
Item 2 - Re-appointment of Sudarsan Varadaraj as Director:
- Total Valid Votes: 3,29,49,304 shares (100%)
- Votes in Favor: 3,29,49,304 shares (100%)
- Votes Against: 0 shares (0%)
- Invalid Votes: 0
Item 3 - Re-appointment as Chairman & Managing Director:
- Total Valid Votes: 3,29,49,304 shares (100%)
- Votes in Favor: 3,29,49,304 shares (100%)
- Votes Against: 0 shares (0%)
- Invalid Votes: 0
Item 4 - Re-appointment of Harsha Varadaraj as Executive Director:
- Total Valid Votes: 3,29,49,304 shares (100%)
- Votes in Favor: 3,29,49,304 shares (100%)
- Votes Against: 0 shares (0%)
- Invalid Votes: 0
Item 5 - Ratification of Cost Auditor Remuneration:
- Total Valid Votes: 3,29,49,304 shares (100%)
- Votes in Favor: 3,29,49,304 shares (100%)
- Votes Against: 0 shares (0%)
- Invalid Votes: 0
Voting Participation Breakdown:
- Total Members Voted: 47
- Remote E-Voting: 28 members casting 3,05,36,197 votes
- E-Voting at AGM: 19 members casting 24,13,107 votes
- Total Votes Cast: 3,29,49,304 shares
Scrutinizer's Role and Findings
M D Selvaraj, FCS, Managing Partner of M/s. MDS & Associates LLP, was appointed as Scrutinizer to conduct the voting process fairly and transparently. The scrutinizer unblocked votes on August 27, 2026 at 10:38 AM IST in the presence of two witnesses (Mr. A. Selten Jayaraj and Ms. T. Abarna) not employed by the Company.
The scrutinizer confirmed:
- No invalid votes across all resolutions
- No votes cast against any resolution
- Complete unanimity in all voting outcomes
- Proper maintenance of voting registers as per regulations
Compliance Confirmation
The meeting was conducted in compliance with:
- Companies Act, 2013 and relevant Rules
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standard on General Meetings (SS-2)
- Relevant MCA Circulars
- Proxy appointment facility was not applicable due to VC/OAVM format