Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 02:00 P.M. to 02:31 P.M. (IST)
  • Location: Conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Meeting Type: 38th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered two ordinary resolutions:

1. Item No. 1: Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Item No. 2: That Mrs. Siddhi M. Thakur (DIN: 07142250), a Director liable to retire by rotation, who does not offer herself for re-appointment, be not re-appointed as a Director of the Company and the vacancy so caused on the Board of the Company be not filled up.

Voting Process and Methods

The Company provided two voting methods:

  • Remote e-voting: Available from September 26, 2026 (09:00 a.m. IST) to September 29, 2026 (05:00 p.m. IST) through CDSL's platform
  • Venue e-voting: Available during the AGM for shareholders who had not voted remotely

Cut-off date for determining voting eligibility was September 23, 2026.

Key Voting Outcomes

Resolution 1 - Adoption of Financial Statements

  • Total valid votes cast: 26,254,216
  • Votes in favor: 26,254,216 (99.9026% of valid votes)
  • Votes against: 25,605 (0.0974% of valid votes)
  • Invalid votes: 0

Resolution 2 - Non-reappointment of Director

  • Total valid votes cast: 26,250,632
  • Votes in favor: 26,250,632 (99.8889% of valid votes)
  • Votes against: 29,189 (0.1111% of valid votes)
  • Invalid votes: 0

Scrutinizer's Role and Findings

Mr. Virendra G. Bhatt, Practicing Company Secretary (ACS No.: 1157 / COP No.: 124), was appointed as Scrutinizer to conduct and scrutinize the entire e-voting process in a fair and transparent manner. His responsibilities included:

  • Scrutinizing remote e-voting and venue e-voting processes
  • Preparing a consolidated Scrutinizer's Report of total votes cast for and against resolutions
  • Submitting the final report to the Chairman after unblocking and counting all votes

The scrutinizer confirmed that the management was responsible for compliance with voting requirements, while his role was restricted to reporting vote counts.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management & Administration) Rules, 2014 (as amended)
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 20/2020 dated May 5, 2020 and subsequent circulars including General Circular No. 03/2025 dated September 22, 2025
  • Relevant SEBI circulars

Signatories and Roles

  • Pratik Toprani - Company Secretary
  • Harshad Kulkarni - Chief Financial Officer
  • Virendra G. Bhatt - Practicing Company Secretary (Scrutinizer)

Additional Proceedings Details

The meeting was chaired by Mr. D. S. Gunasingh. Other attendees included Directors Mrs. Rufina Fernandes, Mr. Navin Kripalani, Dr. Mahesh Borase, Mrs. Siddhi Thakur, Ms. Sanjana Pawar, and Ms. Jyotisana Kondhalkar. Mr. Swapnil Sansare representing statutory auditors M/s. GDA & Associates also attended. The Auditors' Report was taken as read with the modified opinion and emphasis of matters read out pursuant to Section 145 of the Companies Act 2013. The meeting concluded at 2:31 P.M. (IST).