Meeting Details

  • Type of Meeting: 80th Annual General Meeting (AGM)
  • Date: Wednesday, July 15, 2026
  • Time: 12:00 PM to 02:18 PM
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Record Date: July 8, 2026
  • Total Shareholders on Record Date: 142,019

Proposed Resolutions and Implications

Six ordinary resolutions were proposed and passed:

1. Adoption of Financial Statements: Adoption of Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026

2. Dividend Declaration: Confirm payment of Special Dividend and declare Final Dividend on equity shares for FY ended March 31, 2026

3. Director Appointment: Appointment of Mr. Nobushige Ichikawa (DIN: 09570234) who retires by rotation

4. Director Appointment: Appointment of Mr. Hardeep Singh (DIN: 00088096) who retires by rotation

5. Cost Auditor Remuneration: Ratification of remuneration of Cost Auditors for financial year ending March 31, 2027

6. Related Party Transaction: Approval of 'Material Related Party Transaction(s)' with Kubota Corporation during FY 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from July 12, 2026 (09:00 AM) to July 14, 2026 (05:00 PM) via Kfin Technologies Limited platform
  • E-voting during AGM: Conducted on July 15, 2026 for members present through VC/OAVM who couldn't participate in remote e-voting
  • Scrutinizer: Neelam Gupta of Neelam Gupta & Associates (Membership No. 3135) was appointed at Board Meeting on May 7, 2026

Key Voting Outcomes

Overall Participation

  • Total Shareholders Voting: 1,906
  • Total Votes Cast: 95,329,053 shares (85.2082% of outstanding shares)
  • Promoter Participation: 76,125,357 votes (99.9993% of promoter holding)
  • Public Institutions Participation: 17,249,802 votes (90.5247% of institution holding)
  • Public Non-Institutions Participation: 1,953,894 votes (11.7024% of non-institution holding)

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total Votes: 95,329,058
  • In Favor: 100.00%
  • Against: 0.00%
  • Invalid/Not Voted: 15 shareholders (14,091 votes)
  • Less Voted: 2 shareholders (772 votes)

Resolution 2 - Dividend Declaration

  • Total Votes: 95,329,053
  • In Favor: 99.9899%
  • Against: 0.0101%
  • Invalid Votes: Public Institutions: 772 votes, Public Non-Institutions: 2,040 votes

Resolution 3 - Appointment of Mr. Nobushige Ichikawa

  • Total Votes: 95,329,058
  • In Favor: 99.9391%
  • Against: 0.0609%
  • Invalid Votes: Public Institutions: 772 votes, Public Non-Institutions: 2,035 votes

Resolution 4 - Appointment of Mr. Hardeep Singh

  • Total Votes: 95,329,058
  • In Favor: 99.4594%
  • Against: 0.5406%
  • Invalid Votes: Public Institutions: 772 votes, Public Non-Institutions: 2,035 votes

Resolution 5 - Cost Auditor Remuneration

  • Total Votes: 95,329,053
  • In Favor: 99.9998%
  • Against: 0.0002%
  • Invalid Votes: Public Institutions: 772 votes

Resolution 6 - Related Party Transaction

  • Total Votes: 19,203,701 (17.1649% of outstanding shares)
  • In Favor: 99.9998%
  • Against: 0.0002%
  • Invalid Votes: Promoter and Promoter Group: 76,125,357 votes, Public Institutions: 772 votes, Public Non-Institutions: 2,035 votes

Scrutinizer's Role and Findings

Neelam Gupta was responsible for scrutinizing both remote e-voting and e-voting during the AGM. The e-voting results were unblocked on July 15, 2026 at 02:20 PM in the presence of two independent witnesses (Mr. Ashwani Sharma and Ms. Mansi Sharma). The scrutinizer confirmed that all resolutions were passed with requisite majority and that electronic data and relevant records will remain in her custody until the Chairman approves and signs the minutes.

Compliance Confirmation

The company confirmed compliance with Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant MCA circulars. The notice and annual report were dispatched to 141,283 shareholders as of record date, with 132,085 receiving electronic copies and 9,198 receiving physical letters with weblinks. Public notices were published in Financial Express (English) and Jansatta (Hindi) on June 13, 2026 and June 21, 2026.