Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: 12:00 NOON to 12:34 PM
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: 40th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered and voted on 11 resolutions:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Board of Directors and Auditors Reports

2. Ordinary Resolution: Declaration of final dividend of 50% i.e. ₹1.00 per equity share of ₹2 each for FY ended March 31, 2026

3. Ordinary Resolution: Re-appointment of Mr. Shambhu Nath Singh (DIN: 09847470) as director retiring by rotation

4. Ordinary Resolution: Ratification of cost auditor's remuneration for FY 2026-27

5. Special Resolution: Revision in overall remuneration limit of Shri Mahesh Chandra Garg (DIN: 00292437), Whole-time Director

6. Special Resolution: Revision in overall remuneration limit of Shri Ramesh Chandra Garg (DIN: 00298129), Whole-time Director

7. Special Resolution: Revision in overall remuneration limit of Shri Nitin Garg (DIN: 02693146), Whole-time Director

8. Special Resolution: Revision in overall remuneration limit of Shri Manish Garg, Chief Operating Officer

9. Special Resolution: Revision in overall remuneration limit of Shri Umesh Garg, Sr. Management Executive

10. Special Resolution: Approval to advance any loan/give guarantee/provide security u/s 185 of Companies Act, 2013

11. Special Resolution: Alteration of Object Clause of the Memorandum of Association

Voting Process and Methods

  • Remote e-voting period: Sunday, 27th September, 2026 (9:00 AM) to Tuesday, 29th September, 2026 (5:00 PM)
  • E-voting at AGM: Facility provided during the meeting for members who did not cast remote votes
  • Cut-off date: 23rd September, 2026 (record date for shareholder eligibility)
  • Total shareholders on record date: 47,091

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 99,715,527
  • Total votes cast: 56,883,289 (57.05% of outstanding shares)
  • Shareholders present through VC/OAVM: 104 (39 Promoters/Promoter Group + 65 Public)

Resolution-wise Results:

Resolution 1 (Ordinary - Adoption of Financial Statements)

  • Total votes: 56,883,289
  • In favor: 56,883,018 (99.99%)
  • Against: 271 (0.01%)

Resolution 2 (Ordinary - Final Dividend ₹1.00 per share)

  • Total votes: 56,883,289
  • In favor: 56,883,018 (99.99%)
  • Against: 271 (0.01%)

Resolution 3 (Ordinary - Re-appointment of Director)

  • Total votes: 56,883,289
  • In favor: 56,882,018 (100.00%)
  • Against: 1,271 (0.00%)

Resolution 4 (Ordinary - Cost Auditor Remuneration)

  • Total votes: 56,883,289
  • In favor: 56,881,888 (99.99%)
  • Against: 1,401 (0.01%)

Resolution 5 (Special - Mahesh Chandra Garg Remuneration)

  • Total votes: 53,724,106
  • In favor: 53,152,026 (98.94%)
  • Against: 572,080 (1.06%)
  • Invalid votes: 3,159,060 (Promoter category)

Resolution 6 (Special - Ramesh Chandra Garg Remuneration)

  • Total votes: 55,172,416
  • In favor: 54,600,336 (98.96%)
  • Against: 572,080 (1.04%)
  • Invalid votes: 1,710,750 (Promoter category)

Resolution 7 (Special - Nitin Garg Remuneration)

  • Total votes: 52,422,916
  • In favor: 51,850,836 (98.91%)
  • Against: 572,080 (1.09%)
  • Invalid votes: 4,460,250 (Promoter category)

Resolution 8 (Special - Manish Garg Remuneration)

  • Total votes: 54,988,795
  • In favor: 54,417,905 (98.96%)
  • Against: 570,890 (1.04%)
  • Invalid votes: 1,894,371 (Promoter category)

Resolution 9 (Special - Umesh Garg Remuneration)

  • Total votes: 54,710,887
  • In favor: 52,660,134 (96.25%)
  • Against: 2,050,753 (3.75%)
  • Invalid votes: 2,172,279 (Promoter category)

Resolution 10 (Special - Loans/Guarantees u/s 185)

  • Total votes: 22,193,722
  • In favor: 20,445,697 (92.12%)
  • Against: 1,748,025 (7.88%)
  • Invalid votes: 34,689,567 (Promoter category)

Resolution 11 (Special - Alteration of MOA Object Clause)

  • Total votes: 56,883,289
  • In favor: 56,881,816 (99.99%)
  • Against: 1,473 (0.01%)

Category-wise Voting Breakdown:

Promoter and Promoter Group (53,846,565 shares)

  • Votes polled: 51,457,320 (95.56%)
  • Predominantly voted in favor of all resolutions (100% support on most resolutions)

Public - Institutions (8,086,473 shares)

  • Votes polled: 3,095,973 (38.29%)
  • Voted in favor of most resolutions except remuneration items where dissent ranged from 18.40% to 66.19%

Public - Non-Institutions (37,782,489 shares)

  • Votes polled: 2,329,996 (6.17%)
  • Generally supportive with over 99% in favor for most resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Ravi Sankar Sharma, Practicing Company Secretary (Proprietor of M/s Ravi S Sharma & Associates, FCS:7336, C.P. No.: 8007)
  • Appointment: By Board of Directors under Section 108 of Companies Act, 2013
  • Responsibilities: Scrutinized both remote e-voting and e-voting during AGM
  • Service Provider: National Depository Services Limited
  • Conclusion: All resolutions passed with requisite majority as per Companies Act, 2013 and SEBI LODR Regulations

Compliance Confirmation

  • Conducted in compliance with Companies Act, 2013, SEBI LODR Regulations, 2015
  • Followed MCA Circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 08, 2021, December 14, 2021, May 05, 2022, Dec 28, 2022, September 25, 2023, September 19, 2024 and 22nd September, 2025
  • Followed SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 05, 2023, October 06, 2023, and October 03, 2024

Additional Information

  • Notice of AGM sent on 8th September, 2026 through electronic mode
  • Notice uploaded on company website and stock exchange websites (BSE and NSE)
  • Scrutinizer confirmed maintenance of electronic voting records
  • No invalid votes recorded across shareholder categories for most resolutions