Meeting Details

  • Type of Meeting: 34th Annual General Meeting (AGM)
  • Date: 30th September, 2026
  • Time: 12:00 PM to 01:15 PM
  • Location: Corporate Office at #508, 5th Floor, Gowra Fountainhead, HUDA Techno Enclave, HITEC City, Hyderabad, Telangana-500081
  • Record Date: 23rd September, 2026
  • Total Shareholders on Record Date: 6,762

Shareholder Participation

  • Promoters/Promoter Group Present: 7 members
  • Public Shareholders Present: 32 members
  • Video Conference Attendance: 0 members from both promoter and public categories

Voting Process and Methods

Voting was conducted through two methods:

  • E-voting: Opened at 9:00 AM IST on 27th September, 2026 and closed at 5:00 PM IST on 29th September, 2026 via NSDL's e-voting platform (www.evoting.nsdl.com)
  • Physical Polling: Conducted during the AGM on 30th September, 2026

The scrutinizer was Mr. N Phani Chakravarthy, Practicing Company Secretary of M/s. Chakravarthy & Associates, appointed by the Board on 7th September, 2026 (Membership No. 32380).

Resolution Summary and Voting Outcomes

All nine resolutions were passed with requisite majority:

Resolution 1: Approval of Financial Statements

  • Description: To receive, consider and approve financial statements for year ended 31st March, 2025 with Board's and Auditors' reports
  • Required Majority: Ordinary
  • Total Votes Polled: 231,249,076 (69.5695% of outstanding shares)
  • In Favor: 231,248,937 (99.9999% of votes polled)
  • Against: 139 (0.0001% of votes polled)
  • Promoter Voting: 66,152,821 shares voted 100% in favor
  • Public Non-Institutions: 165,096,255 shares voted with 99.9999% in favor

Resolution 2: Re-Appointment of Mrs. Sunitee Raj

  • Description: Re-Appointment of Mrs. Sunitee Raj (DIN: 05223416) who retires by rotation
  • Required Majority: Ordinary
  • Promoter Interest: Yes
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,248,937 (99.9999%)
  • Against: 139 (0.0001%)

Resolution 3: Appointment of Statutory Auditors

  • Description: Appointment of M/s. Sunit M Chhatbar & Co, Chartered Accountants (Firm Registration No. 141068W) for 5 years from FY 2026-27 to 2030-31
  • Required Majority: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,248,937 (99.9999%)
  • Against: 139 (0.0001%)

Resolution 4: Fundraising Approval

  • Description: To approve raising funds up to USD 110 Million through QIP and/or FCCB and/or other permissible modes
  • Required Majority: Special
  • Promoter Interest: No
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,138,937 (99.9524%)
  • Against: 110,139 (0.0476%)
  • Public Non-Institutions E-voting: 142,535,480 in favor vs 110,139 against (99.9228% favor)

Resolution 5: Increase in FPI/NRI Investment Limits

  • Description: Increase in investment limits for Foreign Portfolio Investors and Non-Resident Indians/Overseas Citizens of India
  • Required Majority: Special
  • Promoter Interest: No
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,138,937 (99.9524%)
  • Against: 110,139 (0.0476%)

Resolution 6: Enhanced Borrowing Limits

  • Description: To enhance borrowing limit to ₹15,00,00,00,000 (Fifteen Hundred Crores) over section 180(1)(c) limits
  • Required Majority: Special
  • Promoter Interest: No
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,138,937 (99.9524%)
  • Against: 110,139 (0.0476%)

Resolution 7: Re-Appointment of Managing Director

  • Description: Re-Appointment of Mr. Vimal Raj Mathur (DIN: 03138072) as Managing Director and CEO for 5 years from 7th September, 2026 to 6th September, 2031
  • Required Majority: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,248,937 (99.9999%)
  • Against: 139 (0.0001%)

Resolution 8: Re-Appointment of Whole Time Director

  • Description: Re-Appointment of Mr. Sudheep Raj Mathur (DIN: 03138111) as Whole Time Director and CFO for 5 years from 7th September, 2026 to 6th September, 2031
  • Required Majority: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,248,937 (99.9999%)
  • Against: 139 (0.0001%)

Resolution 9: Appointment of Secretarial Auditors

  • Description: Appointment of M/s Aparna Tripathi & Associates, Company Secretaries (Firm Registration No S2023MH956300) as Secretarial Auditors
  • Required Majority: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 231,249,076 (69.5695%)
  • In Favor: 231,248,937 (99.9999%)
  • Against: 139 (0.0001%)

Scrutinizer's Report Details

  • Scrutinizer: Mr. N Phani Chakravarthy of M/s. Chakravarthy & Associates
  • Firm Address: Plot No. 256, Employees Colony, Yapral, Secunderabad - 500087
  • Appointment Date: 7th September, 2026
  • Report Issuance Date: 30th September, 2026
  • E-voting Period: 27th September (9:00 AM) to 29th September (5:00 PM), 2026
  • Votes Unblocked: 30th September, 2026 after AGM conclusion in presence of two non-employees
  • Total Members Voting: 107 members (92 via e-voting, 15 via physical polling)
  • Total Shares Voted: 231,249,076 shares
  • Invalid Votes: None reported across all categories

The scrutinizer confirmed all resolutions were passed with requisite majority and all voting records were sealed and handed over to a Director authorized by the Board for safekeeping.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014

Additional Information

  • Total Outstanding Shares: 332,400,000
  • Promoter Holding: 66,152,821 shares (19.90%)
  • Public Holding: 266,247,179 shares (80.10%)