Meeting Details

The 17th Annual General Meeting was held on 18th September 2026 at 03:00 P.M. (IST) through Video Conferencing / Other Audio Visual Means. The meeting ended at 04:30 PM. The record date for determining shareholders entitled to vote was 11th September 2026.

Shareholder Participation

Total number of shareholders on record date: 65,391

Total shares outstanding: 12,46,66,819

Attendance through video conferencing:

  • Promoters and Promoter group: 3 shareholders
  • Public: 51 shareholders

No shareholders attended in person or through proxy.

Voting Process and Scrutinizer Details

The Company appointed M/s. S. K. Joshi & Associates (CS Sanjay Kumar Joshi, Membership No. 6745) as scrutinizer through a Board Meeting held on 7th August 2026. National Securities Depository Limited (NSDL) provided the e-voting platform.

Remote e-voting period: Tuesday, September 15, 2026 at 09:00 AM IST to Thursday, September 17, 2026 at 5:00 PM IST.

Total votes cast: 109,283,550 shares (87.66% of outstanding shares)

  • Through remote e-voting: 109,283,221 shares (131 folios)
  • Through e-voting at AGM: 329 shares (3 folios)

Resolution Details

Resolution 1: Ordinary Resolution

Description: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon.

Voting Results:

  • Total votes in favor: 109,282,089 (99.9987%)
  • Total votes against: 1,461 (0.0013%)
  • Result: Passed

Category-wise breakdown:

  • Promoter and Promoter Group: 101,535,692 shares voted, 100% in favor
  • Public Institutions: 4,807,413 shares voted (61.92% participation), 100% in favor
  • Public Non-Institutions: 2,940,445 shares voted (19.14% participation), 99.95% in favor (2,938,984 shares), 0.05% against (1,461 shares)
Resolution 2: Ordinary Resolution

Description: To confirm the first interim dividend of ₹0.25 per equity share (25%) declared on November 10, 2025, the second interim dividend of ₹0.35 per equity share (35%) declared on January 27, 2026, and the third interim dividend of ₹0.40 per equity share (40%) declared on May 12, 2026, aggregating to ₹1.00 per equity share for FY26.

Voting Results:

  • Total votes in favor: 109,282,106 (99.9987%)
  • Total votes against: 1,444 (0.0013%)
  • Result: Passed

Category-wise breakdown:

  • Promoter and Promoter Group: 101,535,692 shares voted, 100% in favor
  • Public Institutions: 4,807,413 shares voted, 100% in favor
  • Public Non-Institutions: 2,940,445 shares voted, 99.95% in favor (2,939,001 shares), 0.0491% against (1,444 shares)
Resolution 3: Ordinary Resolution

Description: To appoint a director in place of Mr. Harsh Sureshkumar Shah (DIN: 06470319) who retires by rotation and offers himself for re-appointment.

Voting Results:

  • Total votes in favor: 109,281,987 (99.9986%)
  • Total votes against: 1,563 (0.0014%)
  • Result: Passed

Category-wise breakdown:

  • Promoter and Promoter Group: 101,535,692 shares voted, 100% in favor
  • Public Institutions: 4,807,413 shares voted, 100% in favor
  • Public Non-Institutions: 2,940,445 shares voted, 99.95% in favor (2,938,882 shares), 0.05% against (1,563 shares)
Resolution 4: Special Resolution

Description: Re-appointment of Mr. Bipinbhai Vithalbhai Hadvani (DIN: 02858118) as the Chairman and Managing Director (CMD) of the Company.

Voting Results:

  • Total votes in favor: 108,777,894 (99.54%)
  • Total votes against: 505,656 (0.46%)
  • Result: Passed

Category-wise breakdown:

  • Promoter and Promoter Group: 101,535,692 shares voted, 100% in favor
  • Public Institutions: 4,807,413 shares voted, 89.52% in favor (4,303,360 shares), 10.48% against (504,053 shares)
  • Public Non-Institutions: 2,940,445 shares voted, 99.95% in favor (2,938,842 shares), 0.05% against (1,603 shares)

Additional Information

The scrutinizer's report confirms that all resolutions were passed with requisite majority and are deemed to be passed as on the date of the AGM (18th September 2026). The electronic voting data and records will be preserved by the Company Secretary after the Chairman approves and signs the AGM minutes.