Meeting Details
- Meeting Type: 41st Annual General Meeting (AGM)
- Meeting Date: Tuesday, August 04, 2026
- Meeting Time: 02:30 p.m. IST
- Meeting Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Record Date: Tuesday, July 28, 2026
Proposed Resolutions and Implications
Six resolutions were proposed and approved:
1. Ordinary Resolution: Adoption of audited standalone & consolidated financial statements for year ended March 31, 2026 with reports of Board of Directors and Auditors
2. Ordinary Resolution: Declaration of dividend of ₹10 (200%) per equity share of face value ₹5 each for FY 2025-26
3. Ordinary Resolution: Approval to not fill vacancy caused by retirement of Mr. Nadir Godrej (DIN: 00066195)
4. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY 2026-27
5. Special Resolution: Waiver for recovery of excess managerial remuneration paid to Mr. Pirojsha Godrej (DIN: 00432983), Whole Time Director designated as Executive Chairperson for FY 2025-26
6. Ordinary Resolution: Payment of remuneration by way of commission to Non-Executive Directors (including Independent Directors) for FY 2025-26
Voting Process and Methods
- Remote e-Voting Period: Thursday, July 30, 2026 (09:00 a.m. IST) to Monday, August 03, 2026 (05:00 p.m. IST)
- E-Voting during AGM: Available for shareholders who didn't vote during remote e-voting period
- Service Provider: National Securities Depositories Ltd (NSDL)
- Scrutinizer: Mr. Ashish Kumar Jain, M/s. A.K. Jain & Co., Company Secretary in practice
- Registrar and Share Transfer Agent: Kfin Technologies Limited
Key Voting Outcomes
Overall Participation
- Total shareholders on record date: 198,633
- Shareholders present through video conferencing:
- Promoters and Promoter group: 4
- Public: 83
- Total number of members who cast votes: 1,070
- Total shares held by voters: 255,604,032
- Total valid votes polled: 253,323,951 shares (84.0976% of outstanding shares)
Resolution-wise Results
Resolution 1 (Ordinary - Financial Statements)
- Total votes in favor: 253,253,254 (100%)
- Votes against: 581 (0%)
Resolution 2 (Ordinary - Dividend Declaration)
- Total votes in favor: 253,327,354 (100%)
- Votes against: 581 (0%)
Resolution 3 (Ordinary - Vacancy Not Filled)
- Total votes in favor: 253,323,171 (100%)
- Votes against: 780 (0%)
Resolution 4 (Ordinary - Cost Auditor Remuneration)
- Total votes in favor: 253,323,314 (100%)
- Votes against: 633 (0%)
Resolution 5 (Special - Remuneration Waiver)
- Total votes in favor: 204,099,743 (80.57%)
- Votes against: 49,224,198 (19.43%)
Resolution 6 (Ordinary - Director Commission)
- Total votes in favor: 253,322,886 (100%)
- Votes against: 1,065 (0%)
Category-wise Voting Breakdown
Promoter and Promoter Group (155,613,974 shares)
- 100% participation across all resolutions
- 100% votes in favor for all resolutions
Public-Institutions (103,159,366 shares)
- 88.22-88.23% participation across resolutions
- 100% votes in favor for most resolutions
- For Resolution 5 (remuneration waiver): 45.92% in favor, 54.08% against
Public-Non Institutions (42,452,622 shares)
- 15.78% participation across resolutions
- 99.99% votes in favor for most resolutions
- Minor against votes: 581-1,065 shares across resolutions
Scrutinizer's Role and Findings
Mr. Ashish Kumar Jain was appointed Scrutinizer by Board resolution dated May 04, 2026. His responsibilities included:
- Scrutinizing remote e-voting and e-voting during AGM
- Maintaining registers/records received from NSDL
- Confirming all resolutions passed with requisite majority
- Handing over records to Company Secretary after Chairperson signs minutes
Compliance Confirmation
- Compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
- Newspaper advertisements published in Loksatta (Marathi) and Financial Express (English) on June 19, 2026 and July 09, 2026
- Notices dispatched by email to members by July 08, 2026