Meeting Details

The 42nd Annual General Meeting was held on Monday, September 28, 2026, at 11:45 A.M. through Video Conferencing/Other Audio Visual Means (VC/OAVM). The deemed venue was the company's registered office at 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi-110034.

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. Adoption of Annual Audited Standalone Financial Statements (alongwith Consolidated Financial Statements) for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Kamleshwar Prasad (DIN: 10438618) as a Whole Time Director who was retiring by rotation

3. Ratification of remuneration payable to M/s S. Shekhar & Co., Cost Accountants (FRN: 000452) as Cost Auditor for financial year 2026-27

All resolutions carried with requisite majority, indicating shareholder support for the company's financial statements, leadership continuity, and auditor remuneration.

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Open from September 25, 2026 (9:00 A.M.) to September 27, 2026 (5:00 P.M.) through the i-Vote platform provided by Bigshare Services Private Limited
  • E-voting at AGM: Conducted during the meeting on September 28, 2026

The cut-off date for determining voting rights was September 21, 2026. Voting by show of hands was not conducted as e-voting was offered, and proxy appointments were not available for the VC/OAVM meeting.

Key Voting Outcomes

Overall Participation:

  • Total shareholders who voted: 228
  • Total shares voted: 107,873,888
  • Shareholders attending meeting through VC: 175 (10 Promoters + 165 Public)

Resolution-wise Results:

Resolution 1: Adoption of Financial Statements

  • Total valid shares: 107,773,159
  • Votes in favor: 107,773,054 (99.9999%)
  • Votes against: 105 (0.0001%)
  • No voting/invalid votes: 100,729 shares

Resolution 2: Re-appointment of Mr. Kamleshwar Prasad

  • Total valid shares: 107,773,159
  • Votes in favor: 107,771,233 (99.998%)
  • Votes against: 1,926 (0.002%)
  • No voting/invalid votes: 100,729 shares

Resolution 3: Ratification of Cost Auditor Remuneration

  • Total valid shares: 107,773,159
  • Votes in favor: 107,771,253 (99.998%)
  • Votes against: 1,906 (0.002%)
  • No voting/invalid votes: 100,729 shares

Participation Breakdown:

Remote e-voting: 210 shareholders voted representing 105,872,557 shares

E-voting at AGM: 18 shareholders voted representing 2,001,331 shares

One shareholder, M/s Quadrature Capital Vector SP Limited, holding 100,729 shares, abstained from voting on all resolutions, which were considered as no voting/invalid votes.

Scrutinizer's Role and Findings

Mr. Naveen Shree Pandey (Proprietor of NSP & Associates, FCS: 9028, CP No.: 10937) was appointed as Scrutinizer by the Board of Directors on August 12, 2026. His responsibilities included:

  • Overseeing both remote e-voting and e-voting at the AGM
  • Ensuring members who voted remotely did not vote again at the meeting
  • Counting votes in presence of two witnesses (Ms. Kashish and Mr. Sagar Kumar)
  • Reconciling votes with company and RTA records
  • Preparing the consolidated scrutinizer's report dated September 29, 2026

The scrutinizer confirmed that all resolutions were approved with requisite majority and the voting process complied with applicable regulations.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Relevant MCA circulars regarding e-voting and virtual meetings
  • SEBI circulars including Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

Notice of the AGM was published in Jansatta (Hindi) and Financial Express (English) on September 6, 2026, and dispatched to 96,635 members via email on September 4, 2026.

Additional Information

The entire share capital of the company is in dematerialized form. Mr. Kamleshwar Prasad, the director seeking re-appointment, does not hold any equity shares in the company. The register and voting papers will remain with the scrutinizer until the Chairman approves the minutes, after which they will be handed over to the Company Secretary for preservation.