Meeting Details

The 31st Annual General Meeting was held on Friday, September 25, 2026 at 05:00 p.m. IST through Video Conferencing/Other Audio Video Means.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed and approved:

  • Item 1: Adoption of audited financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors, and adoption of audited consolidated financial statements with auditor's report
  • Item 2: Declaration of final dividend of ₹5 per equity share (on equity share of par value ₹10 each) for FY ended March 31, 2026
  • Item 3: Re-appointment of Mr. Amit Saharia (DIN: 10652099) as Director who retires by rotation
  • Item 4: Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting through National Securities Depository Limited (NSDL) facility from Monday, September 21, 2026 at 9:00 am IST to Thursday, September 24, 2026 at 5:00 pm IST
  • Venue e-voting during the AGM for shareholders present through VC/OAVM who had not cast votes earlier

The cut-off date for determining voting eligibility was Friday, September 18, 2026.

Key Voting Outcomes

Resolution-wise Results:

Item 1 - Adoption of Financial Statements:

  • Votes in favor: 26,371,071 (99.9722%)
  • Votes against: 7,341 (0.0278%)
  • Invalid votes: 0

Item 2 - Declaration of Final Dividend:

  • Votes in favor: 26,389,191 (99.97%)
  • Votes against: 7,329 (0.0278%)
  • Invalid votes: 0

Item 3 - Re-appointment of Director:

  • Votes in favor: 26,372,525 (99.9356%)
  • Votes against: 17,002 (0.0644%)
  • Invalid votes: 0

Item 4 - Ratification of Cost Auditor Remuneration:

  • Votes in favor: 26,389,191 (99.97%)
  • Votes against: 7,329 (0.0278%)
  • Invalid votes: 0

Scrutinizer's Role and Findings

Virendra G. Bhatt, Practicing Company Secretary (ACS No.: 1157/COP No.: 124, Peer Review Cert. No.: 6489/2025), was appointed as Scrutinizer to conduct and scrutinize the entire e-voting process in a fair and transparent manner.

The scrutinizer confirmed that:

  • The notice dated August 7, 2026 was sent to shareholders electronically in compliance with MCA General Circular No. 20/2020 and subsequent circulars
  • The remote e-voting platform was disabled after the voting period ended
  • After closure of venue-voting, both remote and venue votes were unblocked and counted
  • The management is responsible for compliance with Act requirements
  • The scrutinizer's responsibility was limited to reporting votes cast for/against resolutions

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars including No. 20/2020 and No. 03/2025

Additional Information

The voting results are available on the company's website and NSDL's website. The company's Corporate Identity Number is L92199MH1995PLC084610.