Meeting Details

  • Date of Meeting: Friday, August 07, 2026
  • Type of Meeting: Annual General Meeting (AGM)
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Start Time: 10:00 A.M.
  • End Time: 11:25 A.M.
  • Record Date: July 31, 2026

Proposed Resolutions and Implications

The AGM considered and approved six ordinary resolutions:

1. Receipt and adoption of Audited Financial Statements for the financial year ended March 31, 2026, along with Reports of the Board of Directors and Auditor's Report

2. Payment of final Dividend of ₹1.30 per Equity Share

3. Re-appointment of Mr. Haruo Igarashi [DIN 08587832] who retired by rotation

4. Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transactions

5. Approval of remuneration to Related Party holding Office or Place of Profit

6. Ratification of remuneration payable to M/s. B Y & Associates, Cost Auditors of the Company for the Financial Year 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Open from 9:00 AM on Tuesday, August 04, 2026 to 5:00 PM on Thursday, August 06, 2026
  • E-voting during the AGM: For shareholders present through VC/OAVM who had not voted remotely
  • Scrutinizer: BP & Associates, Company Secretaries, Chennai (Prabhakar Chandrasekaran, Partner, C.P. No.: 11033, M.No.: F11722)

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 28,217
  • Shareholders attended meeting through video conferencing: 78 (3 Promoters/Promoter group + 75 Public)
  • Total votes cast: 25,036,357 shares (79.5435% of outstanding shares)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes in favor: 25,036,331 (100.00% of votes polled)
  • Votes against: 26 (0.00%)

Resolution 2: Final Dividend of ₹1.30 per share

  • Total votes in favor: 25,036,217 (99.9994% of votes polled)
  • Votes against: 140 (0.0006%)

Resolution 3: Re-appointment of Mr. Haruo Igarashi

  • Total votes in favor: 25,036,079 (99.9989% of votes polled)
  • Votes against: 278 (0.0011%)

Resolution 4: Related Party Transactions with Igarashi Electric Works

  • Total votes in favor: 14,23,993 (99.58% of votes polled)
  • Votes against: 6,076 (0.42%)

Resolution 5: Remuneration to Related Party

  • Total votes in favor: 25,035,964 (99.9989% of votes polled)
  • Votes against: 279 (0.0011%)
  • Invalid/Abstained votes: 114

Resolution 6: Ratification of Cost Auditors' Remuneration

  • Total votes in favor: 25,036,078 (99.9989% of votes polled)
  • Votes against: 279 (0.0011%)

Shareholder Category Breakdown

Promoter and Promoter Group

  • Total shares held: 23,606,288
  • Votes polled: 23,606,288 (100% participation)
  • Voted in favor of all resolutions: 100%

Public Institutions

  • Total shares held: 1,273,100
  • Votes polled: 1,117,069 (87.744% participation)
  • Voted in favor of all resolutions: 100%

Public-Non Institutions

  • Total shares held: 6,595,660
  • Votes polled: 313,000 (4.7455% participation)
  • Voted in favor: Ranged from 98.0588% to 99.9553% across resolutions

Scrutinizer's Role and Findings

BP & Associates was appointed as Scrutinizer by the Board of Directors at its meeting held on May 21, 2026. The scrutinizer verified that:

  • The e-voting process complied with Section 108 of the Companies Act, 2013 and relevant rules
  • Shareholders who voted remotely were blocked from voting again during the AGM
  • All electronic voting data was downloaded from CDSL's system and properly scrutinized
  • All six resolutions were passed with requisite majority as prescribed under applicable laws

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA Circulars and SEBI circulars regarding e-voting and virtual meetings