Meeting Details
The 26th Annual General Meeting was held on Friday, September 11, 2026, at 01:00 PM IST at The Solitaire INN Hotel, 6 Mile Stone, Meerut Road, National Highway 58, Muzaffarnagar, Uttar Pradesh-251001. The meeting concluded at 01:50 PM.
Record Date and Shareholding
Record date: September 4, 2026
Total number of shareholders: 38,844
Total share capital: 62,370,586 equity shares
Attendance Details
- Promoters and promoter group present: 9 members
- Public shareholders present: 35 members
- No shareholders attended through video conferencing
Scrutinizer Details
Mr. Tanuj Vohra, Practicing Company Secretary (Membership No. F5621 & CP No. 5253), Partner of TVA & Co. LLP, was appointed as Scrutinizer on August 6, 2026. The scrutinizer report was issued on September 14, 2026.
Voting Results Summary
All seven resolutions included in the Notice of 26th AGM were passed with requisite majority. Total votes polled: 42,436,784 shares (68.04% of outstanding shares).
Resolution-wise Details
Resolution 1: Ordinary Resolution
Description: To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors
Result: Passed with 100% votes in favor
Voting: 42,436,617 votes in favor (100%), 167 votes against (0.00%)
Resolution 2: Ordinary Resolution
Description: To declare Final Dividend of ₹1.50 per equity share for FY2025-26
Result: Passed with 100% votes in favor
Voting: 42,436,617 votes in favor (100%), 167 votes against (0.00%)
Resolution 3: Ordinary Resolution
Description: To appoint Director in place of Ms. Aditi Pasari (DIN: 00120753) who retires by rotation
Result: Passed with 99.9979% votes in favor
Voting: 42,435,887 votes in favor (99.9979%), 897 votes against (0.0021%)
Resolution 4: Ordinary Resolution
Description: To appoint Director in place of Mr. Ashwani Kumar Vats (DIN: 00062413) who retires by rotation
Result: Passed with 99.9979% votes in favor
Voting: 42,435,887 votes in favor (99.9979%), 897 votes against (0.0021%)
Resolution 5: Ordinary Resolution
Description: Ratification of remuneration of Cost Auditors for FY2026-27
Result: Passed with 99.9993% votes in favor
Voting: 42,436,487 votes in favor (99.9993%), 297 votes against (0.0007%)
Resolution 6: Special Resolution
Description: Re-Appointment of Mr. Vardhman Doogar (DIN: 07148980) as Non-Executive Independent Director effective October 1, 2026
Result: Passed with 99.9979% votes in favor
Voting: 42,435,887 votes in favor (99.9979%), 897 votes against (0.0021%)
Resolution 7: Special Resolution
Description: Approval for Raising Funds through Qualified Institutions Placement (QIP) in one or more tranches
Result: Passed with 99.8949% votes in favor
Voting: 42,392,209 votes in favor (99.8949%), 44,575 votes against (0.1051%)
Notable dissent: Public Institutions voted 83.78% against this resolution
Scrutinizer Report Details
Remote e-voting commenced on September 8, 2026 at 9:00 AM and ended on September 10, 2026 at 5:00 PM through NSDL platform. The scrutinizer report provides detailed breakdown of votes by category (e-voting, poll) and member count.