Meeting Details
The 69th Annual General Meeting of Foseco India Limited was held on Wednesday, June 10, 2026, from 1430 Hours (IST) to 1532 Hours (IST). The meeting was conducted entirely through Video Conferencing (VC) with a two-way VC facility provided to members in compliance with applicable provisions.
Proposed Resolutions and Implications
The AGM considered eight resolutions for shareholder approval:
1. Adoption of Audited Standalone Financial Statements for FY ended December 31, 2025, with Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Adoption of Audited Consolidated Financial Statements for FY ended December 31, 2025, with Report of Auditors (Ordinary Resolution)
3. Declaration of Final Dividend of ₹25 per share (250%) on paid-up equity shares of ₹10 each for FY ended December 31, 2025 (Ordinary Resolution)
4. Re-appointment of Patrick Georges Felix André (DIN: 07619754) as Director retiring by rotation (Ordinary Resolution)
5. Re-appointment of Mark Russell Collis (DIN: 10054384) as Director retiring by rotation (Ordinary Resolution)
6. Re-appointment of Amitabha Mukhopadhyay (DIN: 01806781) as Independent Director for second term (Special Resolution)
7. Re-appointment of Prasad Chavare (DIN: 08846863) as Managing Director & Chief Executive Officer including remuneration payable (Ordinary Resolution)
8. Ratification of remuneration payable to Cost Auditor for FY ending December 31, 2026 (Ordinary Resolution)
Voting Process and Methods
The Company provided multiple voting methods:
- Remote e-voting facility provided by National Securities Depository Limited (NSDL)
- Remote e-voting period: June 6, 2026 (0900 Hours IST) to June 9, 2026 (1700 Hours IST)
- E-voting during meeting: Available for 15 minutes after conclusion of AGM (1532-1547 Hours IST)
- Cut-off date for eligibility: Wednesday, June 3, 2026
- Members could vote either through remote e-voting or during the meeting, but votes cast during meeting by non-attendees were considered invalid
Key Voting Outcomes
The document does not provide specific voting results, percentages, or category-wise participation breakdown. The Scrutinizer's report containing detailed results was to be filed with stock exchanges and uploaded on company and NSDL websites after the meeting.
Scrutinizer's Role and Findings
Mr. Jayavant B. Bhave, Practicing Company Secretary (Membership No. FCS 4266; CP No. 3068), sole proprietor of J. B. Bhave & Co., Company Secretaries, Pune, was appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The Company Secretary was authorized to declare results upon receiving the Scrutinizer's report.
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 (specifically Section 113 for authorized representatives and Section 145 for auditor's report)
- Regulation 36 of SEBI Listing Regulations for dissemination of annual report
- The Auditor's Report contained no qualifications, observations, or adverse comments
Signatories and Roles
- Mahendra Kumar Dutia: Controller of Accounts and Company Secretary & Compliance Officer - signed the submission letter
- Ravi Kirpalani: Chairperson of the Board - chaired the meeting
Additional Information
- The Company received 3 letters with Board Resolutions from promoter shareholders appointing authorized representatives for 47,88,845 equity shares (63.54% of total paid-up shares)
- All Directors except Mr. Patrick Georges Felix Andre attended virtually
- Electronic copies of documents were made available for inspection until conclusion of AGM
- Annual Report and AGM Notice were sent via email on May 19, 2026, and physical copies available on request
- The meeting included a shareholder Q&A session where questions about business operations were addressed
- Video recording of proceedings was made available on company website
- The remote e-voting facility was provided through NSDL at www.evoting.nsdl.com