Meeting Details

  • Date of AGM: Wednesday, 5th August 2026
  • Meeting Type: 19th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date/Cut-off Date: 29th July 2026
  • Total Shareholders on Record Date: 22,292

Shareholder Participation

  • Promoters and Promoter Group attended through VC: 6 members
  • Public shareholders attended through VC: 42 members
  • Total shareholders present in person or through proxy: Not Applicable

Proposed Resolutions and Implications

Four ordinary resolutions were proposed and passed:

1. Adoption of Financial Statements: Adoption of both Standalone and Consolidated Audited Financial Statements for year ended 31st March 2026, Reports of Board of Directors and Auditors

2. Final Dividend Approval: Payment of Final Dividend @ 21.50% i.e. ₹2.15 per Equity Share of ₹10 each for financial year 2025-26

3. Director Reappointment: Re-appointment of Mr. Mihir Prakash Bajoria (DIN: 09346426) as Director liable to retire by rotation

4. Cost Auditor Ratification: Ratification of remuneration payable to Cost Auditors, M/s Mani & Co., Cost Accountants for financial year 2026-27

Voting Process and Methods

  • Mode of Voting: Remote E-voting and E-voting on the day of AGM
  • Remote E-voting Period: From 9:00 AM on Sunday, 2nd August 2026 to 5:00 PM on Tuesday, 4th August 2026
  • E-voting Agency: National Securities Depository Limited (NSDL)
  • Cut-off Date for Voting Eligibility: 29th July 2026

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 72,078,624
  • Total Votes Polled: 63,044,939 shares (87.4669% of outstanding shares)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total Votes in Favour: 63,044,797 (99.9998% of votes polled)
  • Total Votes Against: 142 (0.0002% of votes polled)
  • Result: Passed

Resolution 2: Final Dividend Approval

  • Total Votes in Favour: 63,044,797 (99.9998% of votes polled)
  • Total Votes Against: 142 (0.0002% of votes polled)
  • Result: Passed

Resolution 3: Director Reappointment

  • Total Votes in Favour: 60,844,926 (96.5104% of votes polled)
  • Total Votes Against: 2,200,013 (3.4896% of votes polled)
  • Result: Passed

Resolution 4: Cost Auditor Ratification

  • Total Votes in Favour: 63,044,587 (99.9994% of votes polled)
  • Total Votes Against: 352 (0.0006% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares Held: 52,209,548
  • Votes Polled: 52,209,548 (100% participation)
  • All resolutions: 100% in favour

Public Institutions

  • Shares Held: 9,351,384
  • Votes Polled: 9,337,955 (99.8564% participation)
  • All resolutions: 100% in favour

Public Non-Institutions

  • Shares Held: 10,517,692
  • Votes Polled: 1,497,436 (14.2373% participation)
  • Resolution 1: 99.9905% in favour (142 against)
  • Resolution 2: 99.9905% in favour (142 against)
  • Resolution 3: 99.9078% in favour (1,380 against)
  • Resolution 4: 99.9765% in favour (352 against)

Scrutinizer's Role and Findings

  • Scrutinizer: CS PK Sarawagi, Proprietor of M/s P. Sarawagi & Associates, Practicing Company Secretaries
  • Appointment: To scrutinize e-voting process (remote e-voting and voting on AGM day)
  • Verification: Votes were unlocked after AGM conclusion in presence of two witnesses (Ms. Sneha Balodia and Ms. Nishika Saraf)
  • Methodology: Scrutinized based on records maintained by Company and RTA with respect to shares held on cut-off date
  • Conclusion: All resolutions passed with requisite majority

Compliance Confirmation

  • Compliance with: Section 108 of Companies Act, 2013; Rule 20 of Companies (Management and Administration) Rules, 2014; MCA Circulars No. 14/2020, 17/2020, 20/2020, and 03/2025; Regulation 44 of SEBI LODR Regulations
  • Notices: AGM notice sent electronically on 14th July 2026 to members with registered email IDs
  • Advertisements: Published in Business Standard (English) and Pratidin (Odia) on 1st July 2026 and 16th July 2026

Additional Information

  • Documents hosted on company website: https://ifglgroup.com/investor/earnings-call-annual-general-meeting/
  • Documents hosted on NSDL website: https://www.evoting.nsdl.com/
  • Company CIN: L51909OR2007PLC027954
  • No invalid votes were recorded across any shareholder category