Meeting Details

The 42nd Annual General Meeting (AGM) of the company was held on Friday, September 04, 2026, through Video Conferencing/Other Audio Visual Means. The meeting commenced at 03:30 PM and concluded at 04:09 PM. The record date for determining shareholders eligible to vote was Monday, August 28, 2026.

Summary of Proposed Resolutions and Voting Outcomes

Five resolutions were proposed and all were passed. The voting process utilized remote e-voting and e-voting during the AGM, with no postal ballot or physical polling. There were no invalid votes reported for any resolution.

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

Description: To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.

Voting Outcome: Passed.

  • Total Votes Cast: 80,165,607
  • % of Outstanding Shares Voted: 79.9398%
  • Votes in Favour: 80,165,483 (99.9998% of votes cast)
  • Votes Against: 124 (0.0002% of votes cast)

Resolution 2: Ordinary Resolution - Declaration of Final Dividend

Description: To declare a Final Dividend @ 10% i.e., Re. 0.10 per equity share of the face value of Re. 1/- each for the Financial Year ended March 31, 2026.

Voting Outcome: Passed.

  • Total Votes Cast: 80,163,607
  • % of Outstanding Shares Voted: 79.9378%
  • Votes in Favour: 80,163,483 (99.9998% of votes cast)
  • Votes Against: 124 (0.0002% of votes cast)

Resolution 3: Ordinary Resolution - Re-appointment of Director (Mr. Pranav J. Choksi)

Description: To appoint a director in place of Mr. Pranav J. Choksi (DIN: 00001731), who retires by rotation and offers himself for re-appointment. The promoter/promoter group was interested in this resolution.

Voting Outcome: Passed.

  • Total Votes Cast: 80,163,607
  • % of Outstanding Shares Voted: 79.9378%
  • Votes in Favour: 80,163,263 (99.9996% of votes cast)
  • Votes Against: 344 (0.0004% of votes cast)

Resolution 4: Ordinary Resolution - Ratification of Cost Auditors

Description: Ratification of remuneration payable to M/s. Poddar & Co. (FRN: 101734), Cost Auditors for the Financial Year 2026-27.

Voting Outcome: Passed.

  • Total Votes Cast: 80,163,607
  • % of Outstanding Shares Voted: 79.9378%
  • Votes in Favour: 80,163,381 (99.9997% of votes cast)
  • Votes Against: 226 (0.0003% of votes cast)

Resolution 5: Special Resolution - Re-appointment of Whole Time Director (Mr. Pankaj J Gandhi)

Description: Re-appointment of Mr. Pankaj J Gandhi (DIN: 00001858) as Whole Time Director and continuation of his Directorship upon attaining the age of 70 years.

Voting Outcome: Passed as a Special Resolution (votes in favour exceeded three times the votes against).

  • Total Votes Cast: 80,163,607
  • % of Outstanding Shares Voted: 79.9378%
  • Votes in Favour: 80,160,751 (99.9964% of votes cast)
  • Votes Against: 2,856 (0.0036% of votes cast)

Participation Breakdown by Shareholder Category

  • Total Shareholders on Record Date: 30,441
  • Promoters & Promoter Group Shares Held: 72,708,151
  • Public Institutions Shares Held: 3,771,572
  • Public Non-Institutions Shares Held: 23,802,783
  • Total Outstanding Shares: 100,282,506

Meeting Attendance:

  • 5 promoters/promoter group members attended via video conferencing.
  • 38 public shareholders attended via video conferencing.
  • No shareholders were present in person or by proxy.

Scrutinizer's Role and Findings

  • Name of Scrutinizer: CS Sandhya R Malhotra of M/s. Manish Ghia & Associates
  • Firm: M/s. Manish Ghia & Associates
  • Qualification: Company Secretary (Membership No.: 6715)
  • Appointment Date: July 31, 2026 (Board Meeting)
  • Report Issuance Date: September 07, 2026

The scrutinizer was appointed to scrutinize the e-voting process (remote e-voting and voting at the AGM) in a fair and transparent manner. The process was conducted via the facility offered by National Securities Depository Limited (NSDL).

  • The remote e-voting period commenced on Tuesday, September 01, 2026, at 9:00 AM IST and ended on Thursday, September 03, 2026, at 5:00 PM IST.
  • The votes were unblocked after the AGM in the presence of independent witnesses (CS Bhavya Gala and CS Krishnan Subramanian).
  • The data was matched with the Register of Members/List of Beneficiaries as of the record date (August 28, 2026).
  • The scrutinizer confirmed there were no invalid votes and that all resolutions passed with the requisite majority.

Compliance Confirmation

The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to various MCA circulars governing the conduct of AGMs through VC/OAVM and e-voting.