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

Hitech Corporation Limited

Meeting Details

  • Date of Meeting: 24th September, 2026
  • Type of Meeting: 35th Annual General Meeting
  • Mode of Meeting: Conducted through video conferencing and other audio-visual means
  • Record Date: 17th September, 2026
  • Number of Shareholders on Record Date: 7,088

Proposed Resolutions and Implications

Four resolutions were put to vote:

1. Ordinary Resolution: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors reports

2. Ordinary Resolution: Declaration of dividend on Equity Shares for Financial Year ended March 31, 2026

3. Ordinary Resolution: Approval for not filling the vacancy caused due to retirement by rotation of Mr. Jayendra R. Shah (DIN: 00132613)

4. Ordinary Resolution: Approval for Material Related Party Transaction with Asian Paints Limited

Voting Process and Methods

  • Remote E-voting Period: September 21, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST)
  • E-voting at AGM: Conducted during the meeting on September 24, 2026
  • Voting System Provider: National Securities Depository Limited (NSDL)
  • Voting Website: https://www.evoting.nsdl.com/
  • Votes unblocked: After conclusion of AGM on September 24, 2026, witnessed by two independent witnesses (Ms. Nishita Gandhi and Mr. Pranay Gaikar)

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 17,175,700
  • Total Votes Cast: 12,534,203 shares (72.98% of outstanding shares)
  • Number of Members Voted: 53 members for resolutions 1-3; 39 members for resolution 4

Resolution-wise Results:

Resolution 1 (Adoption of Financial Statements):

  • Votes in Favor: 12,534,189 shares (99.9999%)
  • Votes Against: 14 shares (0.0001%)
  • Result: Passed

Resolution 2 (Dividend Declaration):

  • Votes in Favor: 12,534,189 shares (99.9999%)
  • Votes Against: 14 shares (0.0001%)
  • Result: Passed

Resolution 3 (Non-filling of Director Vacancy):

  • Votes in Favor: 12,534,189 shares (99.9999%)
  • Votes Against: 14 shares (0.0001%)
  • Result: Passed

Resolution 4 (Related Party Transaction with Asian Paints):

  • Votes in Favor: 38,799 shares (99.9639%)
  • Votes Against: 14 shares (0.0361%)
  • Result: Passed
  • Note: Promoter votes excluded from calculation for this resolution

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares Held: 12,784,480
  • Votes Polled: 12,495,390 shares (97.74% participation)
  • Exclusive E-voting: 100% in favor of all resolutions

Public Institutions:

  • Shares Held: 10,500
  • Votes Polled: 0 shares (0% participation)

Public Non-Institutions:

  • Shares Held: 4,380,720
  • Votes Polled: 38,813 shares (0.89% participation)
  • E-voting: 38,799 in favor, 14 against across all resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Mayank Arora & Co., Company Secretaries (COP No.: 13609)
  • Appointment Basis: Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Responsibilities: Scrutinized remote e-voting and e-voting at AGM processes, verified reports generated by NSDL
  • Findings: Voting process conducted fairly and transparently, all resolutions passed with requisite majority
  • Data Custody: Electronic voting records to be handed over to Company Secretary for preservation

Compliance Confirmation

  • Compliance with Section 108 of Companies Act, 2013
  • Compliance with Rule 20(4) and 21(2) of Companies (Management and Administration) Rules, 2014
  • Compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with MCA Circulars regarding e-voting procedures

Additional Information

  • Results available on company website (www.hitechcorporation.co) and NSDL website (www.evoting.nsdl.com)