Meeting Details

  • Type of Meeting: 26th Annual General Meeting (AGM)
  • Date: Thursday, September 24, 2026
  • Time: 15:30 IST to 17:03 IST
  • Mode: Conducted through Video Conference/Other Audio-Visual Means
  • Record Date: Friday, September 18, 2026
  • Total Shareholders on Record Date: 72,272
  • Shareholders Present Virtually: 53 (5 Promoters & Promoter Group, 48 Public)

Summary of Proposed Resolutions

Two ordinary resolutions were proposed and voted upon:

1. Resolution 1: To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon.

2. Resolution 2: To appoint a Director in place of Mr. Colin Hughes (DIN: 02642180) who retires by rotation and being eligible, offers himself for re-appointment. The promoters confirmed they were not interested in this resolution.

Voting Process and Methods

The Company provided two methods for voting:

  • Remote e-voting: Managed by MUFG Intime India Private Limited. The voting period commenced at 9:00 IST on Monday, September 21, 2026, and concluded at 17:00 IST on Wednesday, September 23, 2026.
  • e-voting at the AGM: Provided for members who had not cast their vote via remote e-voting. Voting was conducted during the meeting after its conclusion.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 70,992,712
  • Percentage of Outstanding Shares Voted: 61.6876%
  • Votes in Favour: 70,991,209 (99.9979% of votes polled)
  • Votes Against: 1,503 (0.0021% of votes polled)
  • Invalid Votes: 5,700 votes from 1 member
  • Result: Passed

Category-wise Breakdown for Resolution 1:

  • Promoter & Promoter Group: Held 68,040,637 shares; voted 68,040,637 shares (100% participation); 100% in favour.
  • Public Institutions: Held 2,550,722 shares; voted 254,339 shares (9.9713% participation); 100% in favour.
  • Public Non-Institutions: Held 44,492,805 shares; voted 2,697,736 shares (6.0633% participation); 2,696,233 in favour (99.9443%), 1,503 against (0.0557%).

Resolution 2: Re-appointment of Director

  • Total Votes Cast: 70,986,963
  • Percentage of Outstanding Shares Voted: 61.6827%
  • Votes in Favour: 70,971,444 (99.9781% of votes polled)
  • Votes Against: 15,519 (0.0219% of votes polled)
  • Invalid Votes: 5,700 votes from 1 member
  • Result: Passed

Category-wise Breakdown for Resolution 2:

  • Promoter & Promoter Group: Held 68,040,637 shares; voted 68,040,637 shares (100% participation); 100% in favour.
  • Public Institutions: Held 2,550,722 shares; voted 254,339 shares (9.9713% participation); 100% in favour.
  • Public Non-Institutions: Held 44,492,805 shares; voted 2,691,987 shares (6.0504% participation); 2,676,468 in favour (99.4235%), 15,519 against (0.5765%).

Scrutinizer's Role and Findings

  • Scrutinizer: Padmavathi & Vijayesh Associates LLP, represented by Vijayesh R (Membership No.: F12248).
  • Appointment Date: By Board of Directors on August 7, 2026.
  • Report Date: September 25, 2026.
  • Key Responsibilities: Scrutinizing the remote e-voting and e-voting process at the AGM to ensure fairness and transparency. The scrutinizer issued a consolidated report of votes cast for and against each resolution after reducing invalid votes.
  • Process Observations: The remote e-voting system was disabled after the conclusion of the voting period. Votes cast at the AGM were counted first, followed by the unblocking of remote e-votes in the presence of two independent witnesses (Ms. Srija M and Ms. Pragathi P. Nayak). The scrutinizer confirmed that all procedures were conducted in accordance with the Companies Act, 2013, SEBI LODR Regulations, and relevant MCA and SEBI circulars.
  • Conclusion: All resolutions were passed with the requisite majority. The electronic data and relevant records were handed over to the Company Secretary.

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 (Sections 108)
  • Companies (Management and Administration) Rules, 2014 (Rules 20 and 21)
  • MCA General Circulars No. 20/2020, 03/2025, 14/2020, 09/2024
  • SEBI Circulars No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
  • BSE Circular No. 20230714-34 and NSE Circular No. NSE/CML/2023/57

Required advertisements were published in Financial Express (English) and Vijaykarnataka (Kannada) newspapers on August 20 and 29, 2026. The AGM notice was sent to members electronically on August 27, 2026, and published on the company's website, the e-voting agency's website, and submitted to the stock exchanges.