Meeting Details

  • Date: Tuesday, June 16, 2026
  • Time: 12:30 p.m. (IST)
  • Location: Conducted through Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Record Date: June 9, 2026
  • Total Shareholders on Record Date: 54,507

Proposed Resolutions and Implications

The EGM considered three special resolutions:

1. Item No. 1: To consider and approve the issue of warrants, convertible into equity shares to person(s) belonging to promoter category on preferential basis (Special Resolution)

2. Item No. 2: To consider and approve the alteration of Articles of Association of the Company (Special Resolution)

3. Item No. 3: To consider and approve the conversion of debt into equity or other capital of the company in case of event of default by the company (Special Resolution)

The promoter/promoter group were not interested in any of the agenda/resolutions.

Voting Process and Methods

  • Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) platform
  • E-voting period: June 13, 2026 (9:00 AM IST) to June 15, 2026 (5:00 PM IST)
  • Instapoll voting was conducted during the EGM through VC/OAVM
  • Scrutinizer: VSSK & Associates (ICSI Unique Code: P2015TL044700) appointed by the Board on May 21, 2026

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 30,967,289
  • Total votes cast: 3,264,840 shares (10.5429% of outstanding shares)
  • 2 promoters and 53 public shareholders attended through video conferencing

Resolution-wise Results:

Resolution 1 (Preferential Warrants):

  • Votes in favor: 3,264,690 shares (99.9954%)
  • Votes against: 150 shares (0.0046%)
  • Result: Passed

Resolution 2 (Alteration of Articles):

  • Votes in favor: 18,350,555 shares (99.9995%)
  • Votes against: 100 shares (0.0005%)
  • Result: Passed

Resolution 3 (Debt-to-Equity Conversion):

  • Votes in favor: 18,350,555 shares (99.9995%)
  • Votes against: 100 shares (0.0005%)
  • Result: Passed

Category-wise Breakdown:

Promoter and Promoter Group (17,734,924 shares):

  • Votes polled: 15,085,815 shares (85.0628% of category holdings)
  • 100% voted in favor across all resolutions

Public-Institutions (3,197,628 shares):

  • Votes polled: 3,074,577 shares (96.1518% of category holdings)
  • 100% voted in favor across all resolutions

Public-Non Institutions (10,034,737 shares):

  • Votes polled: 190,263 shares (1.896% of category holdings)
  • 99.9474% voted in favor, 0.0526% against across resolutions

Scrutinizer's Role and Findings

VSSK & Associates was appointed scrutinizer to ensure fair and transparent voting process. Their responsibilities included:

  • Access to e-voting details before EGM commencement
  • Unblocking e-voting results after instapoll completion
  • Consolidating results from both voting methods
  • Ensuring related parties did not vote on Resolution 1 where promoters were related

The scrutinizer confirmed that all resolutions passed with the requisite majority (votes in favor not less than thrice the votes against for special resolutions).

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Relevant MCA and SEBI circulars regarding e-voting and virtual meetings

Additional Information

  • Notice of EGM was dispatched via email to 52,939 members on May 25, 2026
  • Advertisements published in Business Line (all India edition) and Surya (Telugu) on May 26, 2026
  • Results available on company website (www.hariompipes.com) and CDSL website (www.evotingindia.com)
  • Company CIN: L27100TG2007PLC054564