Gujarat Pipavav Port 34th AGM 2026 Voting Results

Meeting Details

• Date of AGM: 9th September 2026
• Time: 3:00 PM
• Mode: Video Conferencing and Other Audio Visual Means
• Location: Conducted remotely

Proposed Resolutions and Implications

The AGM considered six resolutions:

1. Adoption of audited financial statements for FY2026

2. Declaration of final dividend of ₹5.00 per equity share and confirmation of interim dividend of ₹5.40 per equity share already paid

3. Re-appointment of Mr. Timothy John Smith (DIN: 08526373) as Director

4. Re-appointment of Mr. Keld Stigaard Pedersen (DIN: 08526374) as Director

5. Payment of commission to Independent Directors (Special Resolution)

6. Appointment of Mrs. Harjeet Kaur Joshi (DIN: 07085755) as Independent Director for five years from 1st July 2026 to 30th June 2031 (Special Resolution)

Voting Process and Methods

The company provided remote e-voting facility pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014. Mr. Himanshu S. Kamdar, Partner of M/s. Rathi & Associates, Practicing Company Secretaries, was appointed as Scrutinizer to conduct the voting process.

Key Voting Outcomes

Overall Participation

• Total number of shareholders on record date: 245,534
• Total shares outstanding: 48,34,39,910
• Total votes polled: 36,72,63,004 shares (75.9687% of outstanding shares)
• Shareholder attendance: 1 promoter and 45 public shareholders attended via video conferencing

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

• Total votes in favor: 36,34,57,694 (100.0000% of votes polled)
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 15,06,37,371 votes (100% in favor)
• Public Non-Institutions: 81,392 votes (99.7830% in favor)

Resolution 2: Dividend Declaration

• Total votes in favor: 36,72,62,716 (99.9999% of votes polled)
• Against: 288 votes (0.0001%)
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 15,44,42,504 votes (100% in favor)
• Public Non-Institutions: 81,281 votes (99.6469% in favor)

Resolution 3: Re-appointment of Timothy John Smith

• Total votes in favor: 36,06,55,941 (98.2010% of votes polled)
• Against: 66,07,063 votes (1.7990%)
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 14,78,36,624 votes (95.7228% in favor)
• Public Non-Institutions: 80,386 votes (98.5497% in favor)

Resolution 4: Re-appointment of Keld Stigaard Pedersen

• Total votes in favor: 36,06,55,908 (98.2010% of votes polled)
• Against: 66,07,096 votes (1.7990%)
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 14,78,36,624 votes (95.7228% in favor)
• Public Non-Institutions: 80,353 votes (98.5092% in favor)

Resolution 5: Commission to Independent Directors

• Total votes in favor: 36,72,60,966 (99.9996% of votes polled)
• Against: 1,321 votes (0.0004%)
• Votes invalid: 11,46,051
• Votes abstained: 717
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 15,44,42,504 votes (100% in favor)
• Public Non-Institutions: 79,531 votes (98.3662% in favor)

Resolution 6: Appointment of Harjeet Kaur Joshi

• Total votes in favor: 36,67,03,287 (99.8476% of votes polled)
• Against: 5,59,717 votes (0.1524%)
• Votes invalid: 11,46,051
• Promoter & Promoter Group: 21,27,38,931 votes (100% in favor)
• Public Institutions: 15,38,83,401 votes (99.6380% in favor)
• Public Non-Institutions: 80,955 votes (99.2473% in favor)

Scrutinizer's Role and Findings

Mr. Himanshu S. Kamdar conducted the voting process and verified the results. All resolutions were approved with requisite majority as required under the Companies Act, 2013.

Compliance Confirmation

The Company Secretary, Mr. Manish Agnihotri, confirmed compliance with applicable laws including Companies Act, 2013 and SEBI LODR Regulations, 2015. The results are being made available on the company website www.pipavav.com.