Meeting Details

The EGM was convened on Wednesday, October 28, 2026 at 11:30 AM (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was held on requisition from members dated September 24, 2026. The meeting started at 11:30 AM and ended at 12:02 PM.

Proposed Resolutions and Implications

The EGM considered four special resolutions:

1. Appointment of Mr. Arun Purushottam Kelkar (DIN: 00171276) as Executive Director and Chairman of the Company

2. Approval of remuneration payable to Mr. Arun Purushottam Kelkar from April 1, 2026 till September 28, 2026

3. Approval of remuneration payable to Mr. Arun Purushottam Kelkar for three years from the date of his appointment

4. Approval of the remuneration payable to Mr. Vikram Kelkar (DIN: 02302364), Managing Director, with effect from April 1, 2026

All resolutions involved director appointments and remuneration approvals, with the promoter/promoter group being interested in all agendas.

Voting Process and Methods

The company provided two voting methods:

  • Remote e-voting facility available from Sunday, October 25, 2026 (9:00 AM IST) to Tuesday, October 27, 2026 (5:00 PM IST)
  • E-voting during the EGM kept open for 15 minutes after the conclusion of proceedings

National Securities Depository Limited (NSDL) was the authorized agency appointed for providing e-voting facilities. The cut-off date for determining voting eligibility was October 21, 2026.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 21,795
  • Total members voted: 75
  • Total votes cast: 82,955,809
  • Percentage of outstanding shares voted: 67.4887%
  • Meeting attendance: 2 promoters and 47 public shareholders attended via video conferencing

Resolution-wise Results

Resolution 1: Appointment of Arun Purushottam Kelkar as Executive Director and Chairman

  • Total valid votes: 82,955,809 (100%)
  • Votes in favor: 82,955,809 (100%)
  • Votes against: 0 (0%)
  • Result: Passed Unanimously

Resolution 2: Remuneration for Arun Purushottam Kelkar (April 1 - September 28, 2026)

  • Total valid votes: 82,955,809 (100%)
  • Votes in favor: 82,955,476 (99.99%)
  • Votes against: 333 (0.01%)
  • Result: Passed with requisite majority

Resolution 3: Remuneration for Arun Purushottam Kelkar (3-year term)

  • Total valid votes: 82,955,809 (100%)
  • Votes in favor: 82,955,476 (99.99%)
  • Votes against: 333 (0.01%)
  • Result: Passed with requisite majority

Resolution 4: Remuneration for Vikram Kelkar (from April 1, 2026)

  • Total valid votes: 82,955,809 (100%)
  • Votes in favor: 82,955,476 (99.99%)
  • Votes against: 333 (0.01%)
  • Result: Passed with requisite majority

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 79,106,800
  • Votes polled: 79,106,800 (100% of shares held)
  • Voted 100% in favor on all resolutions

Public Institutions

  • Shares held: 4,132,572
  • Votes polled: 3,000,000 (72.594% of shares held)
  • Voted 100% in favor on all resolutions

Public Non-Institutions

  • Shares held: 39,678,737
  • Votes polled: 849,009 (2.1397% of shares held)
  • Voted 99.9608% in favor, 0.0392% against on resolutions 2, 3, and 4
  • Voted 100% in favor on resolution 1

Scrutinizer's Role and Findings

M/s D. A. Kamat & Co., Company Secretaries, with CS Rachana Shanbhag (FCS 8227/CP 9297) as partner, was appointed as scrutinizer in the Board Meeting held on September 30, 2026. The scrutinizer confirmed that:

  • The e-voting process was conducted in a fair and transparent manner
  • All votes were properly scrutinized and validated
  • No invalid votes were cast in any resolution
  • The register and voting records remain in the scrutinizer's safe custody until minutes are approved

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013 and Rules framed thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • MCA Circulars including General Circular No. 18/2020, 19/2020, 20/2020, 20/2022, 09/2023, 09/2024, and 03/2025

The notice was dispatched to members on October 6, 2026, and advertisements were published in Financial Express (English) and Mumbai Loksatta (Marathi) on October 7, 2026.

Additional Information

  • NSE Symbol: HEXAGON
  • The voting results and scrutinizer's report are available on the company's website at www.hexagonnutrition.com
  • Company plants located in Nashik and Chennai