Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Hindustan Composites Limited

Meeting Details

The 62nd Annual General Meeting was held on Tuesday, 29th September, 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of members at a common venue. The meeting was conducted at the Registered Office of the Company situated at Peninsula Business Park, Tower 'A', 8th Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

Voting Process and Methods

The Company provided remote e-voting facility to its members through CDSL's e-voting platform. The remote e-voting was open for 3 days from Saturday, 26th September, 2026 (9:00 A.M.) to Monday, 28th September, 2026 (5:00 P.M.). Additionally, e-voting facility was provided during the AGM for members present who had not voted through remote e-voting earlier.

CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, Mumbai was appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.

Attendance Statistics

  • Total number of shareholders on record date: 15,202
  • Number of shareholders attended through Video Conferencing: 55
  • Promoters and Promoter Group: 14
  • Public: 41
  • Mode of voting: Remote e-voting and e-voting during the Annual General Meeting

Resolution Details and Voting Outcomes

Resolution 1: Approval of Standalone and Consolidated Financial Statements
  • Nature: Ordinary Resolution for adoption of Standalone and Consolidated Audited Financial Statements for FY ended 31st March, 2026
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,210 votes in favour (99.9973%), 301 votes against (0.0027%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 5,461 shares voted (94.4882% in favour)
Resolution 2: Declaration of Dividend
  • Nature: Ordinary Resolution for declaration of dividend @ 40% i.e. ₹2 per equity share (face value ₹5)
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,285 votes in favour (99.9980%), 226 votes against (0.0020%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (95.8616% in favour)
Resolution 3: Appointment of Mr. P. K. Choudhary
  • Nature: Ordinary Resolution for re-appointment of Mr. P. K. Choudhary (DIN: 00535670) as Director
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,180 votes in favour (99.9970%), 331 votes against (0.0030%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (93.9388% in favour)
Resolution 4: Payment of Commission to Independent Directors
  • Nature: Ordinary Resolution for payment of commission to Independent Directors for FY 2025-26
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,180 votes in favour (99.9970%), 331 votes against (0.0030%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (93.9388% in favour)
Resolution 5: Revision in Remuneration of Mr. P. K. Choudhary
  • Nature: Ordinary Resolution for revision in remuneration payable to Mr. P. K. Choudhary w.e.f. 1st April, 2026
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,180 votes in favour (99.9970%), 331 votes against (0.0030%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (93.9388% in favour)
Resolution 6: Ratification of Cost Auditors' Remuneration
  • Nature: Ordinary Resolution for ratification of remuneration payable to M/s. Suresh Pimple & Associates, Cost Accountants for FY 2026-27
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,180 votes in favour (99.9970%), 331 votes against (0.0030%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (93.9388% in favour)
Resolution 7: Appointment of Secretarial Auditors
  • Nature: Ordinary Resolution for appointment of M/s. R M Mimani & Associates LLP as Secretarial Auditors for 5 years (FY 2026-27 to 2030-31)
  • Total Votes Polled: 11,078,511 shares (75.0119% of outstanding shares)
  • Results: 11,078,210 votes in favour (99.9973%), 301 votes against (0.0027%)
  • Promoter Voting: 11,073,050 shares voted (100% in favour)
  • Public Non-Institutions: 5,461 shares voted (94.4882% in favour)

Scrutinizer's Report

CS Manish Baldeva issued a Consolidated Scrutinizer's Report confirming:

  • The voting process complied with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Notice of AGM was sent to members via email on 2nd September, 2026
  • Advertisements were published in Mumbai Lakshadeep (Marathi) and Financial Express (English) newspapers
  • Voting rights were based on shareholding as of cut-off date Tuesday, 22nd September, 2026
  • All resolutions were passed with requisite majority
  • No invalid votes were recorded in any resolution

The scrutinizer confirmed that the relevant records will remain in his safe custody until the Chairman approves and signs the minutes.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 20/2020 and subsequent circulars including General Circular No. 03/2025