Meeting Details

The 69th Annual General Meeting was held on Wednesday, June 10, 2026 at 2:30 P.M. (IST) through Video Conferencing/Other Audio-Visual Means facility. The cut-off date for determining shareholders entitled to vote was Wednesday, 3rd June, 2026, with 12,826 shareholders on record.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY2025 with Board and Auditor reports

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY2025 with Auditor report

3. To declare a Final Dividend of ₹25 per share (250%) on paid-up equity shares of ₹10 each for FY2025

4. To appoint Patrick Georges Felix Andre (DIN: 07619754) who retires by rotation

5. To appoint Mark Russell Collis (DIN: 10054384) who retires by rotation

Special Business:

6. Re-appointment of Amitabha Mukhopadhyay (DIN: 01806781) as Independent Director for second term

7. Re-appointment of Prasad Chavare (DIN: 08846863) as Managing Director and CEO including remuneration

8. Ratification of remuneration payable to Cost Auditor for FY2026

Voting Process and Methods

The remote e-voting period commenced on Saturday, 6th June 2026 at 9:00 A.M. (IST) and ended on Tuesday, 9th June 2026 at 5:00 P.M. (IST). E-voting was also conducted during the AGM for members who had not voted remotely. The e-voting system was provided by National Securities Depository Limited (NSDL) at https://www.evoting.nsdl.com.

Key Voting Outcomes

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Votes in Favour: 5,601,657 (100.0000%)
  • Votes Against: 0
  • Invalid Votes: 0

Resolution 2 (Ordinary - Consolidated Financial Statements):

  • Votes in Favour: 5,601,657 (100.0000%)
  • Votes Against: 1 (0.0000%)
  • Invalid Votes: 0

Resolution 3 (Ordinary - Dividend Declaration):

  • Votes in Favour: 5,603,466 (100.0000%)
  • Votes Against: 0
  • Invalid Votes: 0

Resolution 4 (Ordinary - Director Re-appointment: Patrick Andre):

  • Votes in Favour: 5,602,839 (99.9888%)
  • Votes Against: 628 (0.0112%)
  • Invalid Votes: 0

Resolution 5 (Ordinary - Director Re-appointment: Mark Collis):

  • Votes in Favour: 5,602,839 (99.9888%)
  • Votes Against: 628 (0.0112%)
  • Invalid Votes: 0

Resolution 6 (Special - Independent Director Re-appointment):

  • Votes in Favour: 5,597,744 (99.8979%)
  • Votes Against: 5,723 (0.1021%)
  • Invalid Votes: 0

Resolution 7 (Ordinary - MD & CEO Re-appointment):

  • Votes in Favour: 5,598,644 (99.9139%)
  • Votes Against: 0
  • Invalid Votes: 0

Resolution 8 (Ordinary - Cost Auditor Remuneration):

  • Votes in Favour: 5,603,186 (99.9950%)
  • Votes Against: 281 (0.0050%)
  • Invalid Votes: 0

Shareholder Participation Breakdown

Total outstanding shares: 7,537,259

Total votes cast across all resolutions: Approximately 5,603,467 (74.34% of outstanding shares)

Category-wise Participation (Resolution 1 as example):

  • Promoter & Promoter Group: 4,788,845 votes (100% of their holding)
  • Public Institutions: 34,609 votes (81.64% of their holding)
  • Public Non-Institutions: 778,204 votes (28.76% of their holding)

Scrutinizer's Role and Findings

Jayavant R. Bhave, Proprietor of J.B. Bhave & Co., Company Secretaries (FCS: 4266, CP: 3068) was appointed as Scrutinizer by the Board on Tuesday, 12th May 2026. The scrutinizer downloaded, scrutinized and counted votes after the AGM conclusion and confirmed all resolutions passed with requisite majority.

Compliance Confirmation

The voting process complied with Section 108 of the Companies Act 2013, Rule 20 of Companies (Management and Administration) Rules 2014, MCA circulars, SEBI circulars, and SEBI LODR Regulations 2015. The notice was sent electronically on Tuesday, 19th May 2026, with a follow-up letter on Friday, 22nd May 2026 for shareholders without registered email addresses.