Meeting Details

  • Type of Meeting: 31st Annual General Meeting (AGM)
  • Meeting Date: September 25, 2026
  • Meeting Time: 4:00 PM to 4:15 PM
  • Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: September 18, 2026
  • Total Shareholders on Record Date: 109,018

Proposed Resolutions and Implications

The AGM considered eight resolutions:

Ordinary Business:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY26 and reports of Board of Directors and Auditors.

2. Ordinary Resolution: Appointment of Dr. K.S Ravindranath (DIN: 00848817), who retires by rotation, as Director.

3. Ordinary Resolution: Revision of remuneration of Statutory Auditors.

Special Business:

4. Special Resolution: Re-appointment of Mr. N.K. Haribabu (DIN: 06422543) as Whole Time Director.

5. Special Resolution: Re-appointment of Ms. Sangeetha Harilal Lakhi (DIN: 00074571) as Independent Director for a second term.

6. Special Resolution: Extension of timeline for utilization of rights issue proceeds.

7. Ordinary Resolution: Approval of Material Related Party Transactions of the Company.

8. Ordinary Resolution: Approval of Material Related Party Transactions of a Subsidiary of the Company.

Voting Process and Methods

  • Remote E-voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM) via CDSL platform.
  • E-voting at AGM: Conducted on September 25, 2026 during the meeting.
  • Scrutinizer: M/s. KRA & ASSOCIATES (R Kannan, CS, Membership No. F6718) appointed by Board on August 13, 2026.
  • Vote Unblocking: Conducted on September 25, 2026 in presence of witnesses Mr. K. Subash and Ms. Thirumamagal.S.

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 161,002,170
  • Total Votes Polled: 68,526,618 shares (42.5625% turnout)
  • Promoter & Promoter Group Participation: 64,241,489 votes (81.8367% of their 78,499,564 shares)
  • Public Institutions Participation: 35,467 votes (100% of their 35,467 shares)
  • Public Non-Institutions Participation: 4,249,662 votes (5.1532% of their 82,467,139 shares)

Resolution-wise Results

Resolution 1 (Ordinary - Financial Statements)

  • Total Votes For: 68,524,816 (100% of votes polled)
  • Total Votes Against: 1,802 (0.0026%)
  • Result: Passed

Resolution 2 (Ordinary - Director Appointment)

  • Total Votes For: 68,390,612 (99.8015% of votes polled)
  • Total Votes Against: 136,006 (0.1985%)
  • Result: Passed

Resolution 3 (Ordinary - Auditor Remuneration)

  • Total Votes For: 68,524,816 (99.9974% of votes polled)
  • Total Votes Against: 1,802 (0.0026%)
  • Result: Passed

Resolution 4 (Special - Whole Time Director Re-appointment)

  • Total Votes For: 68,391,468 (99.8028% of votes polled)
  • Total Votes Against: 135,150 (0.1972%)
  • Result: Passed

Resolution 5 (Special - Independent Director Re-appointment)

  • Total Votes For: 68,392,172 (99.8038% of votes polled)
  • Total Votes Against: 134,446 (0.1962%)
  • Result: Passed

Resolution 6 (Special - Rights Issue Timeline Extension)

  • Total Votes For: 68,432,816 (99.8631% of votes polled)
  • Total Votes Against: 93,802 (0.1369%)
  • Result: Passed

Resolution 7 (Ordinary - Company RPTs)

  • Total Votes For: 4,171,518 (97.6678% of votes polled)
  • Total Votes Against: 99,610 (2.3322%)
  • Result: Passed

Resolution 8 (Ordinary - Subsidiary RPTs)

  • Total Votes For: 4,175,523 (97.7616% of votes polled)
  • Total Votes Against: 95,605 (2.2384%)
  • Result: Passed

Scrutinizer's Role and Findings

  • Scrutinizer M/s. KRA & ASSOCIATES confirmed the voting process was conducted fairly and transparently in compliance with:
  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • MCA Circular No. 03/2025 dated September 22, 2025
  • SEBI LODR Regulations
  • Secretarial Standard-2 on General Meetings
  • The scrutinizer verified that all members as of the cut-off date (September 18, 2026) were entitled to vote.
  • CDSL transmitted the AGM notice via email to members on September 2, 2026.
  • The remote e-voting portal was disabled at 5:00 PM on September 24, 2026.
  • No invalid votes were recorded across any shareholder category.

Compliance Confirmation

The company confirms compliance with:

  • Companies Act, 2013 and relevant rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • All applicable laws and regulations governing the voting process