Meeting Details

The 55th Annual General Meeting of ICDS Limited was held on Thursday, September 24, 2026 at 3:00 p.m. through electronic mode (video conference or other audio visual means). The record date for determining shareholder eligibility to vote was Thursday, September 17, 2026.

Shareholder Participation

Total shareholders on record date: 8,558

Shareholders present through video conferencing:

  • Promoters and Promoter Group: 15
  • Public: 42

Proposed Resolutions and Implications

Three ordinary resolutions were considered:

1. To receive, consider and adopt the Audited Financial Statements of the Company (including Consolidated financial statements) for the financial year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.

2. To appoint a Director in place of Sri Kalsank Umesh Kini [DIN 07231231] who retires by rotation and being eligible, offers himself for reappointment.

3. To approve Material Related Party Transaction(s) between the Company and Manipal Properties Limited, a subsidiary.

None of the resolutions required promoter/promoter group to be interested or abstain from voting.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: September 21, 2026 (10:00 AM) to September 23, 2026 (5:00 PM)
  • Electronic voting during the AGM

The e-voting system was provided by Central Depository Services (India) Limited (CDSL).

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 6,799,406 (52.1959% of outstanding shares)
  • Votes in favor: 6,794,406 (99.9265%)
  • Votes against: 5,000 (0.0735%)
  • Result: Passed

Category-wise Breakdown - Resolution 1:

  • Promoter and Promoter Group: 5,163,978 votes (100% in favor)
  • Public Institutions: 1,562 votes (100% in favor)
  • Public Non-Institutions: 1,633,866 votes (99.6940% in favor, 0.3060% against)

Resolution 2: Director Reappointment

  • Total votes cast: 6,799,406 (52.1959% of outstanding shares)
  • Votes in favor: 6,794,406 (99.9265%)
  • Votes against: 5,000 (0.0735%)
  • Result: Passed

Category-wise Breakdown - Resolution 2:

  • Promoter and Promoter Group: 5,163,978 votes (100% in favor)
  • Public Institutions: 1,562 votes (100% in favor)
  • Public Non-Institutions: 1,633,866 votes (99.6940% in favor, 0.3060% against)

Resolution 3: Related Party Transactions

  • Total votes cast: 6,799,406 (52.1959% of outstanding shares)
  • Votes in favor: 6,794,406 (99.9265%)
  • Votes against: 5,000 (0.0735%)
  • Result: Passed

Category-wise Breakdown - Resolution 3:

  • Promoter and Promoter Group: 5,163,978 votes (100% in favor)
  • Public Institutions: 1,562 votes (100% in favor)
  • Public Non-Institutions: 1,633,866 votes (99.6940% in favor, 0.3060% against)

Scrutinizer's Role and Findings

Mr. Shrinivas M Devadiga, Practicing Company Secretary (Certificate of Practice No. 10372), was appointed as Scrutinizer. His responsibilities included:

  • Scrutinizing both remote e-voting and electronic voting during the AGM
  • Ascertaining requisite majority on all resolutions
  • Generating reports from CDSL's e-voting system

Scrutinizer's Key Findings:

  • 68 members cast votes through remote e-voting
  • No members voted through e-voting at the AGM venue
  • 67 members voted in favor of all resolutions
  • 1 member voted against all resolutions
  • Total votes cast: 6,799,406
  • Votes in favor: 6,794,406 (99.93%)
  • Votes against: 5,000 (0.07%)

The scrutinization was witnessed by Ms. Vidhya J. Shenoy and Mr. Prakash Shettigar as required under Rule 20(3)(xii) of the Companies (Management and Administration) Rules, 2014.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA Circular dated 5th May 2020 and Circular No. 14/2020 dated 8th April 2020