Meeting Details

The 26th Annual General Meeting was held on Wednesday, 23rd September, 2026 at 11:00 A.M. through Video Conferencing / Other Audio Visual Means in accordance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The meeting ended at 11:30 AM.

Proposed Resolutions and Implications

Two ordinary resolutions were considered:

Resolution 1: To consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31 March 2026 together with the Reports of the Board of Directors and the Auditors thereon. Promoters were not interested in this resolution.

Resolution 2: To appoint a Director in place of Mr. Ranbir Singh Khadwalia, Managing Director (DIN: 00062154), who retires by rotation and being eligible, offers himself for re-appointment. Promoters were interested in this resolution.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting arranged through National Securities Depository Limited (NSDL) from 20th September, 2026 (9:00 AM) to 22nd September, 2026 (5:00 PM)
  • E-voting during the AGM for members who had not cast their vote through remote e-voting

The cut-off date for determining voting rights was 16th September, 2026 (Record Date).

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 44,157
  • Shareholders present through video conferencing: 55 (5 Promoters, 50 Public)
  • Total votes cast: 30,622,011 shares (63.7273% of outstanding shares)

Resolution 1 - Financial Statements Adoption

  • Total votes polled: 30,622,011 shares
  • Votes in favor: 30,621,560 shares (99.9985%)
  • Votes against: 451 shares (0.0015%)
  • Resolution passed: Yes

Category-wise Breakdown for Resolution 1:

  • Promoter and Promoter Group: 29,198,480 votes (100% in favor, 0% against)
  • Public Institutions: 907,211 votes (100% in favor, 0% against)
  • Public Non-Institutions: 516,320 votes (99.9127% in favor, 0.0873% against)

Resolution 2 - Director Re-appointment

  • Total votes polled: 30,622,011 shares
  • Votes in favor: 30,621,241 shares (99.9975%)
  • Votes against: 770 shares (0.0025%)
  • Resolution passed: Yes

Category-wise Breakdown for Resolution 2:

  • Promoter and Promoter Group: 29,198,480 votes (100% in favor, 0% against)
  • Public Institutions: 907,211 votes (100% in favor, 0% against)
  • Public Non-Institutions: 516,320 votes (99.8509% in favor, 0.1491% against)

Scrutinizer's Role and Findings

Ajay Kumar Arora of M/s. AArora & Co. (FCS No. 2191) was appointed as Scrutinizer by the Board of Directors on 08-08-2026. The scrutinizer:

  • Unblocked the results of remote e-voting and e-voting on 23rd September, 2026 in the presence of two witnesses
  • Certified that all 2 resolutions were passed with requisite majority
  • Confirmed that electronic data and records are under safe custody and will be handed over to the Company Secretary
  • Issued the final report to the company on 24-09-2026

The scrutinizer's report showed 123 members participated in voting with 30,622,011 valid votes cast.

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
  • MCA Circulars dated 5th May, 2020, 8th April, 2020, 13th April, 2020, 26th December, 2022, 25th September, 2023, 19th September, 2024 and 22nd September, 2025
  • SEBI Circulars dated 12th May, 2020, 15th January, 2021, 13th May, 2022, 5th January, 2023, 7th October, 2023, and 3rd October, 2024

Additional Information

  • Company Scrip Code: 544328
  • BSE Symbol: INDOFARM
  • NSE Symbol: INDOFARM
  • The voting results and scrutinizer's report are hosted on the company website (https://www.indofarm.in/) and NSDL website (https://www.evoting.nsdl.com/)