Meeting Details

  • Date: Friday, 24th July 2026
  • Time: 11:00 AM to 11:50 AM (IST)
  • Type: Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Deemed Venue: Registered office at Revenue Block No. 223, Old Survey No. 384/1, 384/2 Paiki and 384/3, Khata No. 464, Kochariya, Ahmedabad - 382220, Gujarat

Proposed Resolutions and Implications

The AGM considered and voted on seven resolutions:

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt:

  • The Audited Standalone Financial Statements for FY 2025-26 with Reports of Auditors and Board of Directors
  • The Audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors

2. Dividend Confirmation: To confirm the interim dividend of Rs. 2.50 per equity share paid during FY 2025-26 as the final dividend for the year

3. Director Re-appointment: To appoint a director in place of Mr. Ajendra Kumar Agarwal (DIN: 01147897), who retires by rotation and offered himself for re-appointment

4. Statutory Auditor Appointment: To appoint M/s. B S R and Co, Chartered Accountants (Firm Registration No. 128510W) as Statutory Auditors and to fix their remuneration

Special Business

5. Ordinary Resolution: Ratification of Remuneration payable to Cost Auditors for FY 2026-27

6. Special Resolution: Re-appointment of Mr. Rajan Malhotra (DIN: 09613669) as an Independent Director for a second term of five consecutive years

7. Special Resolution: Appointment of Mr. Ashwin Agarwal (DIN: 09619055) as a Whole-time Director

Voting Process and Methods

The company provided two methods for voting:

  • Remote e-voting: Available from 21st July 2026 (9:00 AM) to 23rd July 2026 (5:00 PM) through KFin Technologies Limited's platform (https://evoting.kfintech.com/)
  • E-voting at AGM: Facility provided during the meeting for members who had not cast votes via remote e-voting
  • Cut-off date for determining voting eligibility: 17th July 2026
  • Total shareholders on record date: 61,052
  • Scrutinizer: M/s. Ronak Jhuthawat & Co., Company Secretaries, was appointed to scrutinize the voting process
  • Advertisement: Published in Financial Express (English and Gujarati editions) on 4th July 2026 as required

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 96,760,529
  • Total votes cast: 91,488,661 (94.5516% of outstanding shares)
  • Members who voted: 200

Resolution-wise Results

1. Resolution 1 (Adoption of Financial Statements):

  • Votes in favor: 91,488,606 (100.00%)
  • Votes against: 55 (0.00%)
  • Result: Carried

2. Resolution 2 (Dividend Confirmation):

  • Votes in favor: 91,488,598 (100.00%)
  • Votes against: 46 (0.00%)
  • Result: Carried

3. Resolution 3 (Re-appointment of Ajendra Agarwal):

  • Votes in favor: 85,597,536 (99.40%)
  • Votes against: 517,312 (0.60%)
  • Result: Carried

4. Resolution 4 (Statutory Auditor Appointment):

  • Votes in favor: 91,488,606 (100.00%)
  • Votes against: 55 (0.00%)
  • Result: Carried

5. Resolution 5 (Cost Auditor Remuneration):

  • Votes in favor: 91,488,597 (100.00%)
  • Votes against: 55 (0.00%)
  • Result: Carried

6. Resolution 6 (Re-appointment of Rajan Malhotra):

  • Votes in favor: 91,451,495 (99.96%)
  • Votes against: 37,059 (0.04%)
  • Result: Carried

7. Resolution 7 (Appointment of Ashwin Agarwal):

  • Votes in favor: 87,574,656 (95.72%)
  • Votes against: 3,913,898 (4.28%)
  • Result: Carried

Category-wise Voting Breakdown

Promoter and Promoter Group (72,265,608 shares)
  • Remote e-voting participation: 72,265,128 shares (99.9993%)
  • Unanimous approval for all resolutions (100% in favor)
Public Institutions (21,218,193 shares)
  • Remote e-voting participation: 19,214,890 shares (90.5586%)
  • Near-unanimous approval for most resolutions
  • Highest opposition on Resolution 7 (20.36% against)
Public Non-Institutions (3,276,728 shares)
  • Remote e-voting participation: 8,643 shares (0.2638%)
  • Generally high approval rates (99.36%-84.01% across resolutions)

Scrutinizer's Role and Findings

  • Scrutinizer: M/s. Ronak Jhuthawat & Co., Company Secretaries
  • Process: Votes from remote e-voting and AGM e-voting were unblocked at 12:10 PM on 24th July 2026 in the presence of two independent witnesses
  • Findings: All resolutions were passed with requisite majority
  • Conclusion: The voting process was fair and transparent, conducted in compliance with applicable regulations

Compliance Confirmation

The company confirmed that all provisions of the Companies Act, 2013, SEBI Listing Regulations, and relevant MCA and SEBI circulars were complied with regarding the calling, convening, and conducting of the AGM.

Additional Information

  • The voting results and scrutinizer's report are available on the company's website (www.grinfra.com) and KFin Technologies' website (https://evoting.kfintech.com/)
  • Sixty-eight members attended the AGM through video conferencing (16 Promoters/Promoter Group, 52 Public)
  • The Chairman addressed members regarding financial performance, order book position, industry overview, and future outlook
  • Independent auditor's reports were unqualified and not read out at the meeting