Meeting Details

The 49th Annual General Meeting was held on Tuesday, September 08, 2026 at 10:30 AM IST through Video Conferencing/Other Audio Visual Means. The meeting was conducted in compliance with Companies Act, 2013, MCA General Circular No. 03/2025 dated September 22, 2025, and SEBI Master Circular dated January 30, 2026.

Cut-off Date and Shareholding

The cut-off date for determining members entitled to vote was Tuesday, September 01, 2026. Total number of shareholders on record date: 38,585.

Voting Process

Remote e-voting was conducted through NSDL from Saturday, September 05, 2026 at 9:00 AM IST to Monday, September 07, 2026 at 5:00 PM IST. E-voting was also conducted during the AGM for members who had not voted remotely.

Scrutinizer Appointment

Sridhar Mudaliar, Partner of SVD & Associates, Company Secretaries, was appointed as scrutinizer by the Board of Directors at their meeting held on Wednesday, May 20, 2026.

Resolution-wise Voting Results

Resolution 1: Adoption of Financial Statements

Ordinary Resolution: To receive, consider and adopt:

a) Audited Standalone Financial Statements for FY 2025-26 with Board and Auditor reports

b) Audited Consolidated Financial Statements for FY 2025-26 with Auditor report

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,88,48,015 shares (100.0000%)
  • Against: 6 shares (0.0000%)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED

Resolution 2: Confirmation of Interim Dividend

Ordinary Resolution: To confirm payment of Interim Dividend of ₹8.00 (80%) per equity share of ₹10 each already paid during FY 2025-26

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,88,48,015 shares (100.0000%)
  • Against: 6 shares (0.0000%)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED

Resolution 3: Declaration of Final Dividend

Ordinary Resolution: To declare Final Dividend of ₹1.00 (10%) per equity share of ₹10 each for FY 2025-26

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,88,48,015 shares (100.0000%)
  • Against: 6 shares (0.0000%)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED

Resolution 4: Re-appointment of Director

Ordinary Resolution: To appoint Ms. Mayuri Vayu Garware (DIN: 06948274) who retires by rotation and offers herself for re-appointment

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,87,82,912 shares (99.9054%)
  • Against: 65,109 shares (0.0946%)
  • Five shareholders holding 3,74,763 equity shares partially voted in favour (3,43,516 shares) and against (31,247 shares)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED

Resolution 5: Ratification of Cost Auditors Remuneration

Ordinary Resolution: Ratification of Cost Auditors remuneration

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,88,48,009 shares (100.0000%)
  • Against: 12 shares (0.0000%)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED

Resolution 6: Continuation of Independent Director

Special Resolution: Continuation of appointment of Mr. Anil Sadashiv Wagle (DIN: 03403801) as Non-Executive Independent Director

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,30,41,838 shares (91.5667%)
  • Against: 58,06,183 shares (8.4333%)
  • Three shareholders holding 2,49,649 equity shares partially voted in favour (14,755 shares) and against (2,34,894 shares)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED (Special resolution requires 75% approval)

Resolution 7: Re-appointment of Independent Director

Special Resolution: Re-appointment of Dr. Shridhar Shrikrishna Rajpathak (DIN: 00040387) as Non-Executive Independent Director

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,31,05,619 shares (91.6593%)
  • Against: 57,42,402 shares (8.3407%)
  • Three shareholders holding 1,27,879 equity shares partially voted in favour (1,19,282 shares) and against (8,597 shares)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED (Special resolution requires 75% approval)

Resolution 8: Re-appointment of Managing Director

Special Resolution: Re-appointment of Mr. Vayu Ramesh Garware (DIN: 00092201) as Managing Director

Results:

  • Total Valid Votes: 6,88,48,021 shares
  • In Favour: 6,47,15,361 shares (93.9974%)
  • Against: 41,32,660 shares (6.0026%)
  • Three shareholders holding 1,27,879 equity shares partially voted in favour (1,19,458 shares) and against (8,421 shares)
  • Invalid Votes: 9,62,833 shares (7 members)
  • Resolution: PASSED (Special resolution requires 75% approval)

Shareholder Participation

Total shares outstanding: 9,76,48,345 shares

Total votes polled: 6,88,48,021 shares (70.5061% turnout)

Invalid votes: 9,62,833 shares

Category-wise Voting Breakdown

Breakdown provided for Promoter & Promoter Group, Public-Institutions, and Public-Non Institutions for each resolution with exact vote counts and percentages.

Financial Impact

The resolutions confirm dividend payments totaling ₹9 per share (₹8 interim already paid + ₹1 final) for FY 2025-26.

Effective Date

All resolutions became effective upon declaration at the AGM on September 08, 2026.