Meeting Details

The 39th Annual General Meeting (AGM) of Hester Biosciences Limited was held on Tuesday, 21 July 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 10:32 a.m. and concluded at 11:08 a.m. (IST).

Attendance

Shareholder Participation: 4,796,189 shares representing 56.38% of total paid-up equity share capital

Members Present: 59 members attended via VC/OAVM

Promoter Group: 19 members

Public: 40 members

Directors and Officials Present

The following attended the meeting:

1. Dr. Bhupendra Gandhi - Chairman

2. Mr. Rajiv Gandhi - CEO & Managing Director

3. Ms. Priya Gandhi - Executive Director

4. Mr. Sanjiv Gandhi - Director

5. Mr. Ashok Bhadakal - Independent Director and Chairman of Audit Committee & Nomination and Remuneration Committee

6. Ms. Sandhya Patel - Independent Director and Chairperson of Stakeholder's Grievances and Relationship Committee

7. Mr. Anil Jain - Independent Director

8. Mr. Jatin Trivedi - Independent Director

9. Mr. Ashis Desai - Chief Financial Officer

10. Mr. Vinod Mali - Company Secretary

11. Mr. Irshad Mansuri - Partner, Chandulal M Shah & Co. (Statutory Auditor)

12. Mr. Tapan Shah - Partner, Shah & Shah Associates (Secretarial Auditor)

Mr. Ameet Desai, Independent Director, was unable to attend the meeting.

Voting Process

Remote e-voting period: Saturday, 18 July 2026 at 9:00 a.m. to Monday, 20 July 2026 at 5:00 p.m.

Scrutinizer: Mr. Tapan Shah, Practicing Company Secretary (FCS: 4476)

Cut-off date: 14 July 2026

Total shareholders: 11,929 equity shareholders

Voting agency: Central Depository Services (India) Ltd (CDSL)

Resolutions Passed

All six resolutions were passed with requisite majority:

Ordinary Business

1. Adoption of audited standalone financial statements for FY2026 - 100% votes in favor (4,739,708 votes)

2. Adoption of audited consolidated financial statements for FY2026 - 100% votes in favor (4,739,708 votes)

3. Declaration of dividend on equity shares for FY2026 - 100% votes in favor (4,739,708 votes) [Dividend amount not specified in disclosure]

4. Re-appointment of Mr. Sanjiv Gandhi (DIN: 00024548) as Director retiring by rotation - 99.67% votes in favor (4,028,711 votes), 0.33% against (13,178 votes)

Special Business

5. Ratification of remuneration of Cost Auditors for FY2027 - 100% votes in favor (4,739,708 votes)

6. Re-appointment of Ms. Priya Gandhi as Executive Director - 99.79% votes in favor (4,729,813 votes), 0.21% against (9,896 votes)

Voting Results Breakdown

Total outstanding shares: 8,506,865

Total votes polled: 4,739,709 shares (55.72% of outstanding)

Resolution-wise Details:

  • Resolutions 1, 2, 3, 5: Unanimous approval with only 1 vote against from public shareholders
  • Resolution 4 (Director Re-appointment): 99.67% approval with 13,178 votes against
  • Resolution 6 (Executive Director Re-appointment): 99.79% approval with 9,896 votes against

Scrutinizer's Report

Mr. Tapan Shah submitted his report confirming:

  • 57 members cast votes through remote e-voting
  • No members voted during the AGM
  • All votes were valid
  • The voting process was conducted fairly and transparently

Additional Information

  • Statutory Auditor's and Secretarial Auditor's reports contained no qualifications/adverse remarks
  • All required documents were available electronically for inspection
  • Management addressed member questions during the meeting
  • Results uploaded on company website: www.hester.in