Meeting Details

The 31st Annual General Meeting was held on Wednesday, September 30, 2026, at 12:30 hours IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The cut-off date for determining shareholder eligibility to vote was Wednesday, September 23, 2026.

Summary of Proposed Resolutions and Implications

Ten resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Consideration and adoption of the audited standalone and consolidated Financial Statements for FY ended March 31, 2026, and reports of Board and Auditors.

2. Ordinary Resolution: Re-appointment of Statutory Auditors.

3. Ordinary Resolution: Appointment of Mr. Jonna Venkata Tirupati Rao (DIN: 07125471) as a Director liable to retire by rotation.

4. Special Resolution: Re-appointment of Mr. Jonna Venkata Tirupati Rao as Managing Director.

5. Ordinary Resolution: Approval for material-Related Party Transactions.

6. Special Resolution: Re-appointment of Mr. Srinivas Maya (DIN: 08679514) as Whole Time Director.

7. Special Resolution: Appointment of Mr. Chandra Sekhar Dasaka (DIN: 05012419) as an Independent Director.

8. Ordinary Resolution: Increase in Authorised share capital of the Company.

9. Special Resolution: Issuance of equity shares to non-promoters on preferential basis (share swap) for acquisition of stake in WEXL EDU Limited.

10. Special Resolution: Raising funds up to ₹200 Crores via Qualified Institutions Placement (QIP).

Voting Process and Methods

The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The remote e-voting period was open from Friday, September 25, 2026, at 09:00 Hours IST to Tuesday, September 29, 2026, at 17:00 Hours IST. Additionally, e-voting was provided during the AGM for shareholders present via VC/OAVM who had not cast their vote earlier.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 33,600,945.066
  • Votes in favour: 33,574,202.743 (99.92%)
  • Votes against: 26,742.323 (0.08%)
  • Number of members who voted: 469

Resolution 2: Re-appointment of Statutory Auditors

  • Total votes cast: 33,594,895.066
  • Votes in favour: 33,493,100.742 (99.70%)
  • Votes against: 101,794.324 (0.30%)
  • Number of members who voted: 467

Resolution 3: Appointment of Mr. Jonna Venkata Tirupati Rao as Director

  • Total votes cast: 33,600,895.066
  • Votes in favour: 33,089,392.291 (98.48%)
  • Votes against: 511,502.775 (1.52%)
  • Number of members who voted: 468

Resolution 4: Re-appointment of Mr. Jonna Venkata Tirupati Rao as Managing Director

  • Total votes cast: 33,600,895.066
  • Votes in favour: 33,086,540.743 (98.47%)
  • Votes against: 514,354.323 (1.53%)
  • Number of members who voted: 468

Resolution 5: Approval for Material-Related Party Transactions

  • Total votes cast: 33,600,895.066
  • Votes in favour: 33,404,179.742 (99.41%)
  • Votes against: 196,715.324 (0.59%)
  • Number of members who voted: 468

Resolution 6: Re-appointment of Mr. Srinivas Maya as Whole Time Director

  • Total votes cast: 33,594,895.066
  • Votes in favour: 33,246,642.642 (98.96%)
  • Votes against: 348,252.424 (1.04%)
  • Number of members who voted: 467

Resolution 7: Appointment of Mr. Chandra Sekhar Dasaka as Independent Director

  • Total votes cast: 33,594,944.316
  • Votes in favour: 33,505,627.992 (99.73%)
  • Votes against: 89,316.324 (0.27%)
  • Number of members who voted: 467

Resolution 8: Increase in Authorised Share Capital

  • Total votes cast: 33,593,468.066
  • Votes in favour: 33,429,727.587 (99.51%)
  • Votes against: 163,740.479 (0.49%)
  • Number of members who voted: 469

Resolution 9: Preferential Issue for WEXL EDU Stake Acquisition

  • Total votes cast: 33,594,945.066
  • Votes in favour: 33,425,713.836 (99.50%)
  • Votes against: 169,231.23 (0.50%)
  • Number of members who voted: 468

Resolution 10: QIP Fundraising up to ₹200 Crores

  • Total votes cast: 33,600,945.066
  • Votes in favour: 33,511,572.587 (99.73%)
  • Votes against: 89,372.479 (0.27%)
  • Number of members who voted: 469

Note: Votes include shares with Differential Voting Rights (DVR), where one thousand equity shares are entitled to one vote.

Scrutinizer's Role and Findings

Mr. A. K. Rastogi, Company Secretary in Whole-Time Practice (FCS No. 1748, C.P. No. 22973), was appointed as the Scrutinizer. His responsibilities included scrutinizing the remote e-voting and e-voting process in a fair and transparent manner and ascertaining the requisite majority. The e-votes were unblocked and counted in the presence of two independent witnesses, Ms. Prachi Garg and Ms. Mansi Kaushik. Mr. Rastogi confirmed that all resolutions were passed with the requisite majority and that the electronic data and relevant records would be handed over to the Company Secretary for preservation after the Chairman approves the minutes.

Compliance Confirmation

The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI LODR Regulations, 2015. The voting results have been submitted to BSE and NSE and are also available on the company's website and at its registered office.