Meeting Details

  • NSE Symbol: INNOVACAP
  • Meeting Type: 22nd Annual General Meeting (AGM)
  • Meeting Date: 30th September 2026
  • Meeting Time: 11:00 AM to 11:30 AM
  • Meeting Format: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: 23rd September 2026

Proposed Resolutions and Implications

The AGM considered and voted on 10 resolutions:

Ordinary Business:

1. Adoption of Audited Revised Standalone and Consolidated Financial Statements for FY ended 31 March 2026

2. Re-appointment of Mr. Jayant Vasudeo Rao as Non-Executive Director (DIN: 03627850)

3. Re-appointment of M/s. B S R & CO. LLP as Statutory Auditors for 5 years (FY 2026-27 to 2030-31)

4. Ratification of remuneration payable to Cost Auditors M/s. Gurvinder Chopra & Co. for FY 2027 (₹80,000 + GST)

Special Business:

5. Re-appointment and remuneration of Mr. Manoj Kumar Lohariwala as Whole-Time Director for 5 years (₹25,000,000 per annum)

6. Re-appointment and remuneration of Mr. Vinay Lohariwala as Managing Director for 5 years (₹25,000,000 per annum)

7. Re-appointment of Mr. Sudhir Kumar Bassi as Non-Executive Independent Director for 5 years

8. Re-appointment of Ms. Priyanka Dixit as Non-Executive Independent Director for 5 years

9. Re-appointment of Mr. Mahendar Korthiwada as Non-Executive Independent Director for 5 years

10. Re-appointment of Mr. Shirish Gundopant Belapure as Non-Executive Independent Director for 5 years

Voting Process and Methods

  • Remote e-voting period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • E-voting during AGM: Provided for members attending through VC/OAVM who hadn't voted earlier
  • Voting agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates (Appointed on 25th May 2026)
  • Votes unblocked in presence of: CS Zainab Pooanwala and Mansi Kamble (not employed by company)

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 36,400
  • Promoters attending through VC: 3
  • Public shareholders attending through VC: 45
  • Total shares outstanding: 57,224,929
  • Total votes polled: 51,621,002 (90.2072% participation)

Resolution-wise Results:

Resolution 1 (Ordinary) - Adoption of Financial Statements:

  • Votes in favor: 51,621,000 (100%)
  • Votes against: 2 (0.00%)
  • Passed: Yes

Resolution 2 (Ordinary) - Re-appointment of Jayant Vasudeo Rao:

  • Votes in favor: 48,686,866 (94.3161%)
  • Votes against: 2,934,103 (5.6839%)
  • Passed: Yes

Resolution 3 (Ordinary) - Re-appointment of Statutory Auditors:

  • Votes in favor: 51,621,000 (100%)
  • Votes against: 2 (0.00%)
  • Passed: Yes

Resolution 4 (Ordinary) - Ratification of Cost Auditors' Remuneration:

  • Votes in favor: 51,621,000 (100%)
  • Votes against: 2 (0.00%)
  • Passed: Yes

Resolution 5 (Ordinary) - Re-appointment of Manoj Kumar Lohariwala:

  • Votes in favor: 48,687,550 (94.3174%)
  • Votes against: 2,933,419 (5.6826%)
  • Passed: Yes

Resolution 6 (Ordinary) - Re-appointment of Vinay Lohariwala:

  • Votes in favor: 48,681,802 (94.3063%)
  • Votes against: 2,939,167 (5.6937%)
  • Passed: Yes

Resolution 7 (Special) - Re-appointment of Sudhir Kumar Bassi:

  • Votes in favor: 46,470,721 (90.0230%)
  • Votes against: 5,150,248 (9.9770%)
  • Passed: Yes

Resolution 8 (Special) - Re-appointment of Priyanka Dixit:

  • Votes in favor: 48,687,717 (94.3177%)
  • Votes against: 2,933,252 (5.6823%)
  • Passed: Yes

Resolution 9 (Special) - Re-appointment of Mahendar Korthiwada:

  • Votes in favor: 48,687,717 (94.3177%)
  • Votes against: 2,933,252 (5.6823%)
  • Passed: Yes

Resolution 10 (Special) - Re-appointment of Shirish Gundopant Belapure:

  • Votes in favor: 51,614,694 (99.9878%)
  • Votes against: 6,275 (0.0122%)
  • Passed: Yes

Category-wise Voting Breakdown:

Promoter and Promoter Group (29,127,371 shares):

  • 100% participation across all resolutions
  • 100% voted in favor of all resolutions

Public Institutions (11,463,993 shares):

  • 88.8098% participation
  • Varied voting patterns on director appointments

Public Non-Institutions (16,633,565 shares):

  • 74.0217-74.0219% participation
  • Nearly unanimous support (99.9995%) for most resolutions

Scrutinizer's Role and Findings

CS Sandhya R. Malhotra was appointed as Scrutinizer to scrutinize the e-voting process. The scrutinizer:

  • Verified the voting process was conducted fairly and transparently
  • Based the report on data downloaded from NSDL's e-voting system
  • Confirmed all resolutions passed with requisite majority
  • Submitted the consolidated report on 2nd October 2026

Compliance Confirmation

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules thereunder
  • MCA Circulars regarding VC/OAVM meetings
  • All resolutions passed with required majorities

Additional Information

  • The scrutinizer's report and voting results are hosted on company website and NSDL website
  • No invalid votes were recorded across any resolutions
  • The notice was sent to shareholders via email on 4th September 2026 based on register of members as of 28th August 2026