Meeting Details

The 34th Annual General Meeting was held on Friday, September 25, 2026 from 11:00 A.M. to 11:45 A.M. (IST) through Video Conferencing and Other Audio Visual Means. The deemed venue was the Registered Office of the Company. Mr. Kailash Chandra Agarwal, Vice Chairman, presided over the meeting as Chairman since Mr. Ishwar Chandra Agrawal, Chairman, was unable to attend due to exigencies.

Proposed Resolutions and Implications

Five resolutions were proposed and approved:

1. Ordinary Resolution: To receive, consider and adopt audited standalone and consolidated financial statements for FY ended March 31, 2026 with reports of Board and Auditors

2. Ordinary Resolution: To declare dividend of ₹0.50 per equity share of face value ₹1 each for FY ended March 31, 2026

3. Ordinary Resolution: To reappoint Dr. Keith Mario Torpy (DIN: 01451387) who retired by rotation

4. Ordinary Resolution: To reappoint Mr. Kailash Chandra Agarwal (DIN: 00895365) who retired by rotation

5. Ordinary Resolution: To ratify remuneration of Cost Auditors for financial year 2026-27

Voting Process and Methods

The Company provided remote e-voting facility through Central Depository Services (India) Limited. The remote e-voting period was from Tuesday, September 22, 2026 at 09:00 A.M. (IST) to Thursday, September 24, 2026 at 05:00 P.M. (IST). Members who hadn't voted remotely could vote during the AGM through the e-voting system. The cut-off date for determining voting eligibility was Friday, September 18, 2026.

Key Voting Outcomes

Resolution 1 (Adoption of Financial Statements)

  • Total votes cast: 173,312,886
  • Votes in favor: 173,031,136 (99.84%)
  • Votes against: 281,750 (0.16%)
  • Total members voted: 325 (286 remote + 3 at AGM)

Resolution 2 (Dividend Declaration)

  • Total votes cast: 173,312,886
  • Votes in favor: 173,312,110 (100.00%)
  • Votes against: 776 (0.00%)
  • Total members voted: 325 (290 remote + 3 at AGM)

Resolution 3 (Reappointment of Dr. Keith Mario Torpy)

  • Total votes cast: 173,312,886
  • Votes in favor: 173,131,979 (99.90%)
  • Votes against: 180,907 (0.10%)
  • Total members voted: 331 (280 remote + 3 at AGM)

Resolution 4 (Reappointment of Mr. Kailash Chandra Agarwal)

  • Total votes cast: 173,312,886
  • Votes in favor: 173,077,727 (99.86%)
  • Votes against: 235,159 (0.14%)
  • Total members voted: 330 (280 remote + 3 at AGM)

Resolution 5 (Ratification of Cost Auditor Remuneration)

  • Total votes cast: 173,312,886
  • Votes in favor: 173,311,772 (100.00%)
  • Votes against: 1,114 (0.00%)
  • Total members voted: 325 (286 remote + 3 at AGM)

Scrutinizer's Role and Findings

Mr. Sandeep Kumar Jain, Designated Partner of M/s ARMS and Associates LLP, was appointed as Scrutinizer to scrutinize the e-voting process. The scrutinizer confirmed that votes were unblocked on September 25, 2026 after the AGM conclusion in the presence of two witnesses (Mukesh Kumawat and Pawan Tyagi). The scrutinizer verified that all resolutions were passed by requisite majority based on data from CDSL e-voting system.

Compliance Confirmation

The meeting was conducted in compliance with MCA circulars (14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 09/2023, 09/2024, 03/2025) and SEBI circulars (May 12, 2020; January 15, 2021; May 13, 2022; October 7, 2023; October 3, 2024), Companies Act, 2013, and SEBI Listing Regulations.