Meeting Details

  • Type of Meeting: Annual General Meeting (AGM)
  • Date: Tuesday, September 29, 2026
  • Time: 12:30 PM to 01:08 PM (IST)
  • Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date: September 22, 2026
  • Total Shareholders on Record Date: 30,059

Attendance Details

  • Promoters/Promoter Group attended through VC: 3 members
  • Public Shareholders attended through VC: 95 members
  • No shareholders attended in person or through proxy

Proposed Resolutions and Implications

Eight resolutions were considered and passed at the AGM:

Ordinary Business

1. Resolution 1 (Ordinary Resolution): Adoption of Audited Standalone Financial Statements and Consolidated Audited Financial Statements as at March 31, 2026

Special Business

2. Resolution 2 (Special Resolution): Re-appointment of Mr. Hukam Chand Gar (DIN: 00673276) as Director (Non-Executive), aged 83 years, who retires by rotation

3. Resolution 3 (Ordinary Resolution): Approval of material related party transactions with GRM Foodkraft Private Limited (material subsidiary) for FY 2027-28

4. Resolution 4 (Ordinary Resolution): Approval of material related party transactions with GRM International Holdings Limited, UK (subsidiary) for FY 2027-28

5. Resolution 5 (Ordinary Resolution): Approval of material related party transactions with GRM Fine Foods INC., USA (fellow subsidiary) for FY 2027-28

6. Resolution 6 (Ordinary Resolution): Approval of material related party transactions with Eros Agro & Farms Private Limited for FY 2027-28

7. Resolution 7 (Ordinary Resolution): Approval of material related party transactions with Swmabhan Commerce Private Limited (associate company) for FY 2027-28

8. Resolution 8 (Special Resolution): Variation in the objects relating to utilization of funds from Preferential Issue

Voting Process and Methods

  • Remote e-voting facility was provided by National Securities Depository Limited (NSDL) prior to the meeting
  • E-voting during AGM was provided to shareholders present through VC/OAVM who had not cast votes earlier
  • Cut-off date for determining voting rights: September 22, 2026
  • Scrutinizer: Devesh Arora of Devesh Arora & Associates, Practicing Company Secretary (Membership No. A49034)
  • Appointment Date: August 27, 2026
  • Report Issuance Date: September 30, 2026

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 207,210,000
  • Total votes polled: 145,305,381 (70.1247% of outstanding shares)
  • Number of members voted: 275

Resolution-wise Results

Resolution 1: Adoption of Financial Statements
  • Total valid votes: 145,305,381
  • In favor: 145,120,965 (99.87%)
  • Against: 184,416 (0.13%)
  • Result: Passed
Resolution 2: Re-appointment of Director
  • Total valid votes: 145,305,381
  • In favor: 145,117,052 (99.87%)
  • Against: 188,329 (0.13%)
  • Result: Passed
Resolution 3: RPT with GRM Foodkraft
  • Total valid votes: 13,869,715
  • In favor: 13,684,999 (98.67%)
  • Against: 184,716 (1.33%)
  • Result: Passed
Resolution 4: RPT with GRM International UK
  • Total valid votes: 13,869,715
  • In favor: 13,685,299 (98.67%)
  • Against: 184,416 (1.33%)
  • Result: Passed
Resolution 5: RPT with GRM Fine Foods USA
  • Total valid votes: 13,869,715
  • In favor: 13,684,999 (98.67%)
  • Against: 184,716 (1.33%)
  • Result: Passed
Resolution 6: RPT with Eros Agro & Farms
  • Total valid votes: 13,869,715
  • In favor: 13,684,999 (98.67%)
  • Against: 184,716 (1.33%)
  • Result: Passed
Resolution 7: RPT with Swmabhan Commerce
  • Total valid votes: 13,869,715
  • In favor: 13,681,087 (98.64%)
  • Against: 188,628 (1.36%)
  • Result: Passed
Resolution 8: Variation in Preferential Issue Objects
  • Total valid votes: 145,305,381
  • In favor: 145,120,665 (99.87%)
  • Against: 184,716 (0.13%)
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 130,662,272
  • Votes polled: 130,662,272 (100% participation)
  • All votes cast in favor of all resolutions (100%)

Public Institutions

  • Shares held: 19,280,035
  • Votes polled: 10,599 (0.055% participation)
  • Voting pattern varied by resolution

Public Non-Institutions

  • Shares held: 57,267,693
  • Votes polled: 14,632,510 (25.5511% participation)
  • Approval rates ranged from 98.64% to 98.74% across resolutions

Scrutinizer's Role and Findings

  • Devesh Arora scrutinized both remote e-voting prior to AGM and e-voting during AGM
  • Votes were unblocked and downloaded from NSDL e-voting system at approximately 03:37 PM on September 29, 2026
  • Process witnessed by Ms. Tina Aggarwal and Ms. Raano (non-employees of company/NSDL)
  • Confirmed voting rights were proportional to shareholding as on record date
  • No invalid votes were reported across all categories
  • All resolutions passed with requisite majority

Compliance Confirmation

  • Meeting conducted in conformity with MCA Circulars (14/2020, 17/2020, 20/2020, 09/2024, 03/2025) and SEBI Circulars (May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 7, 2023)
  • Notice dated September 6, 2026 sent to shareholders electronically
  • Compliance with Companies Act, 2013 and SEBI LODR Regulations confirmed

Additional Information

  • Information available on company website: www.grmrice.com