Meeting Details

The 19th Annual General Meeting of Hariom Pipe Industries Limited was held on Wednesday, September 30, 2026, at 12:30 PM (IST) through Video Conference (VC)/Other Audio Visual Means (OAVM). The record date for determining shareholder eligibility to vote was set as September 23, 2026. On this record date, the total number of shareholders was 54,205.

Summary of Proposed Resolutions and Implications

Nine resolutions were proposed and considered at the AGM:

1. Ordinary Resolution: To receive, consider, approve, and adopt the Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026, with Reports of the Board and Auditors.

2. Ordinary Resolution: To re-appoint Mrs. Sunita Gupta (DIN: 02981707) as a Director liable to retire by rotation.

3. Ordinary Resolution: To declare a final dividend on equity shares for FY ended March 31, 2026.

4. Ordinary Resolution: To re-appoint M/s. R Kabra & Co. LLP, Chartered Accountants, as Statutory Auditors.

5. Ordinary Resolution: To ratify the remuneration payable to the Cost Auditors for FY ending March 31, 2027.

6. Special Resolution: To re-appoint Mr. Rupesh Kumar Gupta (DIN: 00540787) as Managing Director and approve his remuneration. (Promoters interested - not entitled to vote).

7. Special Resolution: To appoint Mr. Shailesh Kumar Gupta (DIN: 00540862) as Joint Managing Director (Executive Director) and approve his remuneration. (Promoters interested - not entitled to vote).

8. Special Resolution: To approve the revision in remuneration payable to Mr. Ansh Golas (DIN: 11225536), Whole-time Director. (Promoters interested - not entitled to vote).

9. Special Resolution: To approve the remuneration payable to Mrs. Sunita Gupta (DIN: 02981707), Non-Executive Non-Independent Director. (Promoters interested - not entitled to vote).

All resolutions were passed, ensuring continuity in management, auditor appointments, and shareholder returns via dividend.

Voting Process and Methods

The voting process incorporated two methods:

  • Remote e-Voting: Conducted via the platform provided by Central Depository Services (India) Limited (CDSL). The voting window was open from 9:00 AM (IST) on Sunday, September 27, 2026, until 5:00 PM (IST) on Tuesday, September 29, 2026.
  • E-Voting during the AGM: Voting was also conducted during the meeting itself via an Instapoll system.

The scrutinizer was appointed to ensure a fair and transparent process and to prevent double-voting (votes cast in both e-voting and poll by the same shareholder were considered invalid, with only the e-vote counted).

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 54,205
  • Shareholders present through video conferencing: Promoters & Promoter Group: 8; Public: 61
  • Total votes cast across all resolutions: 18,448,900 shares (representing 59.5754% of the total outstanding 30,967,289 shares)

Resolution-wise Results (Votes in Favour)

1. Item 1 (Financial Statements): 18,448,898 votes (100.00% of votes cast)

2. Item 2 (Re-appoint Sunita Gupta): 18,405,337 votes (99.76% of votes cast); 43,563 votes against (0.24%)

3. Item 3 (Final Dividend): 18,448,898 votes (100.00% of votes cast); 2 votes against

4. Item 4 (Re-appoint Statutory Auditors): 18,377,755 votes (99.61% of votes cast); 71,145 votes against (0.39%)

5. Item 5 (Ratify Cost Auditors' Remuneration): 18,448,898 votes (100.00% of votes cast); 2 votes against

6. Item 6 (Re-appoint Rupesh Gupta as MD): 3,264,111 votes (98.68% of valid votes cast); 43,694 votes against (1.32%). Promoter votes were not counted as they were interested parties.

7. Item 7 (Appoint Shailesh Gupta as JMD): 3,264,111 votes (98.68% of valid votes cast); 43,694 votes against (1.32%). Promoter votes were not counted.

8. Item 8 (Revise Ansh Golas' Remuneration): 3,285,484 votes (99.33% of valid votes cast); 22,321 votes against (0.67%). Promoter votes were not counted.

9. Item 9 (Sunita Gupta's Remuneration): 3,162,242 votes (95.60% of valid votes cast); 145,563 votes against (4.40%). Promoter votes were not counted.

Shareholder Category Breakdown (Representative Data from Resolution 2)

  • Promoter & Promoter Group: Held 17,734,924 shares. 15,141,095 votes polled (85.3745% turnout). 100% votes in favour.
  • Public - Institutions: Held 3,303,316 shares. 3,172,218 votes polled (96.0313% turnout). 98.6299% votes in favour, 1.3701% against.
  • Public - Non-Institutions: Held 9,929,049 shares. 135,587 votes polled (1.3656% turnout). 99.9248% votes in favour, 0.0752% against.

Scrutinizer's Role and Findings

VSSK & Associates., Company Secretaries (ICSI Unique Code: P2015TL044700), represented by Partner Vinod Sakaram (ACS: 23285), was appointed as the Scrutinizer. Their role was to ensure a fair voting process, access details of e-voters before the AGM (to prevent double-voting), unblock and compile the final results, and ignore votes cast in favour by related parties for resolutions 6-9. The scrutinizer confirmed that all resolutions were passed with the requisite majority (ordinary resolutions by simple majority, special resolutions by a majority of at least three times the votes cast against).

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 108 of the Companies Act, 2013, and Rule 20(4) of the Companies (Management and Administration) Rules, 2014.
  • Relevant MCA and SEBI circulars regarding e-voting and notice dispatch.

The voting results and scrutinizer's report were also made available on the company's website (www.hariompipes.com) and the CDSL website (www.evotingindia.com).