Meeting Details

  • Type of Meeting: 38th Annual General Meeting (AGM)
  • Date: September 24, 2026
  • Time: 11:30 AM to 12:45 PM
  • Mode: Video Conferencing and Other Audio Visual Means
  • Record Date: September 18, 2026
  • Total Shareholders on Record Date: 88,243

Proposed Resolutions and Implications

Five resolutions were considered at the AGM:

1. Ordinary Resolution: Adoption of audited financial statements for the year ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of dividend on Equity Shares at the rate of ₹4.00 per equity share (40%) of face value of ₹10/- each for financial year ended March 31, 2026

3. Ordinary Resolution: Re-appointment of Prof. (Dr.) Mahesh Verma (DIN: 08997324) as Director who retires by rotation

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

5. Ordinary Resolution: Ratification of remuneration to Cost Auditors for financial year ending March 31, 2027

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from September 21, 2026 (09:00 AM) to September 23, 2026 (05:00 PM) through NSDL
  • Instapoll (e-voting at AGM): For members attending the meeting through VC/OAVM who could not participate in remote e-voting
  • Scrutinizer: CS Baldev Singh Kashtwal (Membership No. FCS 3616) was appointed to scrutinize the voting process

Key Voting Outcomes

Overall Participation

  • Total votes cast: 23,530,634
  • Percentage of outstanding shares voted: 25.6680%
  • Number of shareholders who voted: 8,697
  • Promoters attended through VC: 5
  • Public attended through VC: 598

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total votes in favor: 23,530,363 (99.9988%)
  • Total votes against: 271 (0.0012%)
  • Result: Passed

Resolution 2 - Dividend Declaration

  • Total votes in favor: 23,530,167 (99.9980%)
  • Total votes against: 467 (0.0020%)
  • Result: Passed

Resolution 3 - Re-appointment of Dr. Mahesh Verma

  • Total votes in favor: 23,449,036 (99.6532%)
  • Total votes against: 81,598 (0.3468%)
  • Result: Passed

Resolution 4 - Re-appointment of Dr. Suneeta Reddy

  • Total votes in favor: 23,409,462 (99.4850%)
  • Total votes against: 121,172 (0.5150%)
  • Result: Passed

Resolution 5 - Ratification of Cost Auditor Remuneration

  • Total votes in favor: 23,530,361 (99.9988%)
  • Total votes against: 273 (0.0012%)
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group (46,753,000 shares)

  • Votes polled: 21,442,500 (45.8634% of category holdings)
  • Unanimous support for all resolutions (100% in favor)

Public Institutions (3,253,069 shares)

  • Votes polled: 1,926,677 (59.2264% of category holdings)
  • Unanimous support for Resolutions 1, 2, and 5 (100% in favor)
  • Resolution 3: 1,845,851 in favor (95.8049%), 80,826 against (4.1951%)
  • Resolution 4: 1,806,402 in favor (93.7574%), 120,275 against (6.2426%)

Public Non-Institutions (41,666,931 shares)

  • Votes polled: 161,457 (0.3875% of category holdings)
  • High support across all resolutions with minor opposition

Scrutinizer's Role and Findings

CS Baldev Singh Kashtwal was appointed by the Board of Directors at their meeting held on August 6, 2026. The scrutinizer:

  • Unblocked the voting results at approximately 1:11 PM on September 24, 2026
  • Consolidated remote e-voting and instapoll results
  • Confirmed all resolutions were passed with requisite majority
  • Maintained soft copies of voting registers from NSDL
  • Will retain relevant records until minutes are approved and signed

Compliance Confirmation

The company confirmed compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA circulars regarding AGM conduct during special circumstances