Meeting Details

  • Meeting Type: 53rd Annual General Meeting ('AGM')
  • Date: September 28, 2026 (Monday)
  • Time: 3:00 p.m.
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)

Proposed Resolutions and Implications

Five resolutions were proposed at the AGM:

1. Ordinary Resolution: To receive, consider and adopt the Board's Report, Audited Standalone Balance Sheet as at March 31, 2026, Statement of Profit and Loss for the year ended that date together with reports of the Auditors, and Audited Consolidated Financial Statements for the Financial Year ended March 31, 2026

2. Ordinary Resolution: To declare a Dividend at the rate of Rs. 3.75 per equity share (75% of face value of Rs. 5/- each fully paid up) for the Financial Year 2025-26

3. Ordinary Resolution: Re-appointment of Ms. Suneeta Reddy (DIN: 00001873) as Director, who retires by rotation

4. Ordinary Resolution: Approval of the Remuneration payable to the Cost Auditor M/s. B. Thulasiram & Co., Cost Accountant, Chennai (Firm Registration No. 003539) for the Financial Year 2026-27

5. Special Resolution: Payment of Commission/Remuneration to Non-Executive Independent Directors

Voting Process and Methods

  • Remote e-voting: Commenced on September 25, 2026 at 09:00 A.M (IST) and ended on September 27, 2026 at 05:00 P.M (IST)
  • E-voting at AGM: Conducted during the meeting on September 28, 2026
  • Service Provider: Central Depository Services (India) Limited (CDSL)
  • Cut-off date: September 21, 2026 (shareholders holding shares as on this date were entitled to vote)
  • Proxy voting: Dispensed with pursuant to MCA General Circulars
  • Notice distribution: Sent electronically to members with registered email addresses; physical copies sent to those who requested

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 7,500,000
  • Total votes polled across all resolutions: 4,558,097 shares (60.77% participation)

Resolution-wise Results:

Resolution 1 (Adoption of Financial Statements)

  • Total votes in favor: 4,240,870 (93.04% of votes polled)
  • Total votes against: 317,227 (6.96% of votes polled)
  • Promoter voting: 4,161,516 votes (100% in favor)
  • Public non-institutions: 396,581 votes (20.01% in favor, 79.99% against)

Resolution 2 (Dividend Declaration)

  • Total votes in favor: 4,240,870 (93.04% of votes polled)
  • Total votes against: 317,227 (6.96% of votes polled)
  • Promoter voting: 4,161,516 votes (100% in favor)
  • Public non-institutions: 396,581 votes (20.01% in favor, 79.99% against)

Resolution 3 (Director Re-appointment)

  • Total votes in favor: 4,240,864 (93.0402% of votes polled)
  • Total votes against: 317,233 (6.9598% of votes polled)
  • Promoter voting: 4,161,516 votes (100% in favor)
  • Public non-institutions: 396,581 votes (20.01% in favor, 79.99% against)

Resolution 4 (Cost Auditor Remuneration)

  • Total votes in favor: 4,240,835 (93.0396% of votes polled)
  • Total votes against: 317,262 (6.9604% of votes polled)
  • Promoter voting: 4,161,516 votes (100% in favor)
  • Public non-institutions: 396,581 votes (20% in favor, 80% against)

Resolution 5 (Non-Executive Director Remuneration)

  • Total votes in favor: 4,215,615 (92.4863% of votes polled)
  • Total votes against: 342,482 (7.5137% of votes polled)
  • Promoter voting: 4,161,516 votes (100% in favor)
  • Public non-institutions: 396,581 votes (13.64% in favor, 86.36% against)

Shareholder Category Breakdown

  • Promoter and Promoter Group: Held 4,901,366 shares (65.35% of total), voted 4,161,516 shares (84.91% participation)
  • Public Institutions: Held 100 shares (0.0013% of total), voted 0 shares
  • Public Non-Institutions: Held 2,598,534 shares (34.65% of total), voted 396,581 shares (15.26% participation)

Scrutinizer's Role and Findings

  • Scrutinizer: M. Damodaran, Practicing Company Secretary, Managing Partner of M/s. M Damodaran & Associates LLP
  • Appointment: By Board of Directors pursuant to Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Responsibilities: Scrutinizing remote e-voting and e-voting at AGM in fair and transparent manner
  • Process: Votes were unblocked and downloaded on September 28, 2026 at 03:43 P.M (IST) in presence of two witnesses
  • Findings: All five resolutions passed with requisite majority
  • Record custody: Electronic data and relevant records will be handed over to Company Secretary after Chairman approves minutes

Compliance Confirmation

  • Conducted in compliance with Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024 and 03/2025