Meeting Details

The 34th Annual General Meeting was held on Monday, September 28, 2026, at 4:00 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with applicable MCA and SEBI circulars.

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone and Consolidated) along with Reports of Board and Auditors for the Financial Year ended March 31, 2026

2. Ordinary Resolution: Appointment of a director in place of Mr. Sadashiv K Shetty (DIN: 00038681)

3. Ordinary Resolution: Appointment of a director in place of Mr. Raghuram K Shetty (DIN: 00038703)

4. Ordinary Resolution: Ratification of the remuneration payable to the Cost Auditors of the Company for the Financial Year 2026-27

5. Special Resolution: Re-appointment of Ms. Reshma D Wadkar (DIN: 09394615) as a Non-Executive Independent Woman Director for a second term of five consecutive years

6. Special Resolution: Re-appointment of Mr. Shriraj S Shetty (DIN: 06609014) as a Whole-Time Director designated as Executive Director

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Commenced on Thursday, September 24, 2026, at 09:00 AM and ended on Sunday, September 27, 2026, at 05:00 P.M.
  • E-voting during the AGM: For members who did not cast their vote through remote e-voting facility

The cut-off date for determining voting eligibility was Monday, September 21, 2026.

Key Voting Outcomes

All six resolutions were passed with requisite majority. The detailed results are as follows:

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 30,392,738 (75.957% of outstanding shares)
  • Votes in favor: 30,392,441 (99.999% of votes polled)
  • Votes against: 297 (0.001% of votes polled)

Resolution 2: Appointment of Director (Sadashiv K Shetty)

  • Total votes cast: 30,393,035 (75.957% of outstanding shares)
  • Votes in favor: 30,392,716 (99.999% of votes polled)
  • Votes against: 319 (0.001% of votes polled)

Resolution 3: Appointment of Director (Raghuram K Shetty)

  • Total votes cast: 30,393,035 (75.957% of outstanding shares)
  • Votes in favor: 30,392,716 (99.999% of votes polled)
  • Votes against: 319 (0.001% of votes polled)

Resolution 4: Ratification of Cost Auditor Remuneration

  • Total votes cast: 30,392,545 (75.957% of outstanding shares)
  • Votes in favor: 30,392,056 (99.998% of votes polled)
  • Votes against: 489 (0.002% of votes polled)

Resolution 5: Re-appointment of Reshma D Wadkar

  • Total votes cast: 30,392,598 (75.957% of outstanding shares)
  • Votes in favor: 30,392,161 (99.999% of votes polled)
  • Votes against: 437 (0.001% of votes polled)

Resolution 6: Re-appointment of Shriraj S Shetty

  • Total votes cast: 30,392,598 (75.957% of outstanding shares)
  • Votes in favor: 30,392,161 (99.999% of votes polled)
  • Votes against: 437 (0.001% of votes polled)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

  • Shares held: 29,987,138
  • Votes polled: 29,987,138 (100% participation)
  • All votes cast in favor of all resolutions

Public Institutions:

  • Shares held: 46,142
  • Votes polled: 3,120 (6.7617% participation)
  • All votes cast in favor of all resolutions

Public Non-Institutions:

  • Shares held: 9,980,187
  • Votes polled: 402,777 (4.0358% participation)
  • Minimal votes against resolutions 1-6 (ranging from 0.001% to 0.1214% against)

Scrutinizer's Role and Findings

CS Nirmal Gupta (ACS: 45839, CP No: 27144), Partner of M/s. GMJ & Associates, was appointed as Scrutinizer to oversee the remote e-voting process and e-voting during the AGM. The scrutinizer:

  • Unblocked votes cast through remote e-voting and e-voting during the AGM on September 28, 2026, at around 5:30 PM in the presence of two witnesses
  • Downloaded e-voting summary statement from Bigshare Services Private Limited's website
  • Verified that all resolutions were passed with requisite majority
  • Confirmed that electronic data and relevant records will be handed over to the Company Secretary for safe preservation

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108/109 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA Circulars dated April 8, 2020; April 13, 2020; May 5, 2020; May 5, 2022; December 28, 2022; September 25, 2023; September 19, 2024; and September 22, 2025
  • SEBI Circulars dated May 12, 2020; January 15, 2021; January 5, 2023; and October 7, 2023
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015