Meeting Details

The 32nd Annual General Meeting of INNOCORP LIMITED was held on Saturday, 08th August 2026 at 11:00 A.M. at the company's registered office: 8-2-269/C/100, Sagar Society, Behind SBI Kohinoor Branch, Road No-2, Banjara Hills, Hyderabad, Telangana 500034, India.

The meeting commenced at 11:00 A.M. and concluded at 11:25 A.M.

Attendance

Directors Present:

  • Mr. Prasad VSS Garapati - Chairman and Whole Time Director
  • Mrs. Lakshmi VVV Garapati - Managing Director
  • Mr. Venu Garapati - Director
  • Mr. Neralla Seshagiri Rao - Director (Chairman of Audit Committee)
  • Mr. Alapati Venkata Narasimha Rao - Director
  • Mr. Naga Mohan Babu Mangalapurapu - Director

Other Attendees:

  • Mr. Sahu Garapati - CFO
  • Mr. Karishma Hemraj Jain - Company Secretary & Compliance Officer
  • Mr. Bhargav - Representative of Statutory Auditors
  • Mr. Jineshwar Kumar Sankhala - Practicing Company Secretary (Scrutinizer)

Business Transacted

The following six items of business from the Notice of AGM dated 04th July 2026 were transacted:

1. Receipt, consideration, and adoption of Audited Balance Sheet as at 31st March, 2026 and Profit & Loss Account for the financial year ended on that date together with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Lakshmi VVV Garapati as Director who retires by rotation

3. Appointment of Statutory Auditors

4. Approval for re-appointment of Mr. Neralla Seshagiri Rao (DIN-09299267) as Independent Director

5. Approval for re-appointment of Mr. Alapati Venkata Narasimha Rao (DIN-09300872) as Independent Director

6. Approval of Scheme of Reduction of Share Capital of the Company

Voting Details

Shareholder Base:

  • Total number of shareholders as on Record Date: 5,666
  • Total outstanding shares: 7,941,400
  • Promoter & Promoter Group holding: 2,355,838 shares (29.67%)
  • Public Non-Institutions holding: 5,585,562 shares (70.33%)
  • Public Institutions holding: 0 shares

E-Voting Period:

Wednesday, 05th August 2026 at 09:00 AM to Friday, 07th August 2026 at 05:00 PM

Physical Attendance:

  • Promoter & Promoter Group: 5 members in person, 0 by proxy
  • Public: 36 members in person, 0 by proxy
  • Total physical attendees: 41 members

Voting Results

All resolutions passed by requisite majority:

Resolution 1 (Ordinary - Adoption of Financial Statements):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,634 (100%)
  • Votes against: 0 (0%)

Resolution 2 (Ordinary - Re-appointment of Director):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,634 (100%)
  • Votes against: 0 (0%)

Resolution 3 (Ordinary - Appointment of Statutory Auditors):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,634 (100%)
  • Votes against: 0 (0%)

Resolution 4 (Special - Re-appointment of Independent Director):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,634 (100%)
  • Votes against: 0 (0%)

Resolution 5 (Special - Re-appointment of Independent Director):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,634 (100%)
  • Votes against: 0 (0%)

Resolution 6 (Special - Share Capital Reduction):

  • Total votes polled: 2,348,634 (29.5746% of outstanding shares)
  • Votes in favor: 2,348,624 (99.9996%)
  • Votes against: 10 (0.0004%)
  • The 10 dissenting votes came from Public Non-Institutions category via e-voting

Scrutinizer Report

Mr. Jineshwar Kumar Sankhala, Practicing Company Secretary, was appointed as Scrutinizer for both e-voting and physical polling processes. CDSL provided e-voting services. The scrutinizer confirmed the voting process was conducted fairly and transparently, with all records sealed and handed over to the Managing Director for safekeeping.