Meeting Details

  • Date of Meeting: 30th June, 2026
  • Type of Meeting: 93rd Annual General Meeting (AGM)
  • Location/Deemed Venue: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue was Unilever House, B. D. Sawant Marg, Chakala, Andheri (East), Mumbai - 400 099.
  • Record Date: 23rd June, 2026
  • Total Shareholders on Record Date: 11,60,840

Summary of Proposed Resolutions and Implications

The AGM considered seven resolutions:

1. Ordinary Resolution: To receive, consider, and adopt the audited financial statements (including audited consolidated financial statements) for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.

2. Ordinary Resolution: To confirm the payment of Interim Dividend of ₹19 per equity share and to declare a Final Dividend of ₹22 per equity share of Re.1/- each for the Financial Year ended 31st March, 2026.

3. Ordinary Resolution: To re-appoint Mr. Nitin Paranjpe (DIN: 00045204) as a Director, who retired by rotation.

4. Ordinary Resolution: To re-appoint Mr. Niranjan Gupta (DIN: 07806792) as a Director, who retired by rotation.

5. Ordinary Resolution: To re-appoint Mr. B. P. Biddappa (DIN: 06586886) as a Director, who retired by rotation.

6. Special Resolution: To re-appoint Ms. Ashu Suyash (DIN: 00494515) as an Independent Director for a second term of five consecutive years from 12th November, 2026 to 11th November, 2031.

7. Ordinary Resolution: Ratification of remuneration to Cost Auditors of the Company for the Financial Year ending 31st March, 2027.

Voting Process and Methods

  • Remote E-Voting: The facility was provided through National Securities Depository Limited (NSDL). The voting period was from 09:00 a.m. (IST) on Thursday, 25th June 2026 to 05:00 p.m. (IST) on Monday, 29th June 2026.
  • E-Voting at AGM: Voting was also conducted during the AGM held on 30th June 2026 via VC/OAVM.
  • Scrutinizer: Mr. S. N. Ananthasubramanian, Practising Company Secretary, was appointed to scrutinize both the remote e-voting and the e-voting at the AGM.

Key Voting Outcomes

Overall Participation

  • Total Votes Cast (Remote E-Voting): 3,136 to 3,137 shareholders across resolutions
  • Total Votes Cast (at AGM): 16 shareholders
  • Total Votes Cast (Combined): 3,152 to 3,153 shareholders across resolutions
  • Promoter & Promoter Group Attendance: 7 shareholders via VC/OAVM
  • Public Shareholder Attendance: 137 shareholders via VC/OAVM

Resolution-wise Results

Item 1: Adoption of Financial Statements
  • Total Votes: 199,718,978.3
  • Votes in Favour: 199,717,033.4 (99.9990%)
  • Votes Against: 19,449 (0.0010%)
  • Result: Passed
Item 2: Dividend Declaration
  • Total Votes: 200,438,060.8
  • Votes in Favour: 200,436,558.6 (99.9993%)
  • Votes Against: 15,022 (0.0007%)
  • Result: Passed
Item 3: Re-appointment of Mr. Nitin Paranjpe
  • Total Votes: 200,420,412.0
  • Votes in Favour: 199,679,171.9 (99.6302%)
  • Votes Against: 741,240.1 (0.3698%)
  • Result: Passed
Item 4: Re-appointment of Mr. Niranjan Gupta
  • Total Votes: 200,427,127.2
  • Votes in Favour: 200,252,447.7 (99.9128%)
  • Votes Against: 174,679.5 (0.0872%)
  • Result: Passed
Item 5: Re-appointment of Mr. B. P. Biddappa
  • Total Votes: 200,426,986.7
  • Votes in Favour: 200,257,795.2 (99.9156%)
  • Votes Against: 169,191.5 (0.0844%)
  • Result: Passed
Item 6: Re-appointment of Ms. Ashu Suyash (Special Resolution)
  • Total Votes: 200,423,378.7
  • Votes in Favour: 199,736,282.8 (99.6572%)
  • Votes Against: 687,095.9 (0.3428%)
  • Result: Passed
Item 7: Ratification of Cost Auditors' Remuneration
  • Total Votes: 200,427,317.2
  • Votes in Favour: 200,423,713.1 (99.9982%)
  • Votes Against: 36,041 (0.0018%)
  • Result: Passed

Category-wise Voting Breakdown (from tabular data)

The detailed tables provide a breakdown of votes by promoter, public-institutions, and public-non institutions for each mode of voting (e-voting, poll, postal ballot) and their respective assents and dissents.

Scrutinizer's Role and Findings

Mr. S. N. Ananthasubramanian was appointed as the Scrutinizer. His responsibilities included:

  • Ensuring a fair and transparent voting process.
  • Submitting a report on the voting based on reports from the electronic voting system.
  • Having access to details of members who voted remotely (names, DP ID & Client ID/folios, shareholding) before the AGM to prevent double voting.
  • Unblocking and downloading the results from the NSDL platform after the AGM for scrutiny.

Findings: All votes cast were found to be valid. The Scrutinizer confirmed that all seven resolutions were passed with the requisite majority.

Compliance with Laws and Regulations

The disclosure confirms compliance with:

  • The Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA)
  • Companies (Management and Administration) Rules, 2014

Notices for the AGM were published in The Free Press Journal (Mumbai), Business Standard (All India), and Navshakti (Mumbai) on 28th May 2026 and 4th June 2026. The AGM notice was dispatched via email to 11,05,962 members on 2nd June 2026 and to an incremental 23,608 members on 25th June 2026. Physical letters were sent to 48,543 members on 5th June 2026.

Other Relevant Information

  • The remote e-voting agency was National Securities Depository Limited (NSDL).
  • The Registrar and Share Transfer Agent (RTA) is KFin Technologies Limited.
  • The Scrutinizer's firm is S. N. Ananthasubramanian & Co., Company Secretaries (ICSI Unique Code: P1991MH040400).