Meeting Details

  • Date of Meeting: 25th September, 2026
  • Time: 03:00 P.M. (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type of Meeting: 17th Annual General Meeting
  • Total shareholders on record date: 549,951
  • Shareholders present in person or through proxy: 0
  • Shareholders attended through Video Conferencing: 84 (Promoters and Promoter Group: 11, Public: 73)

Proposed Resolutions and Implications

Seven resolutions were presented for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended 31st March, 2026 and Audited Consolidated Financial Statements with reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Director liable to retire by rotation

3. Special Resolution: Re-appointment of Ms. Madhurima Sayan Das (DIN: 06387873) as an Independent Director

4. Special Resolution: Approval for increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013

5. Special Resolution: Approval for creation of mortgage, charge, hypothecation and other security interests on company assets pursuant to Section 180(1)(a) of the Companies Act, 2013

6. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY ending 31st March, 2027

7. Ordinary Resolution: Approval of Material Related Party Transactions (Promoter/Promoter Group interested in this resolution)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting via National Securities Depository Limited (NSDL) platform
  • Remote e-voting period: Tuesday, September 22, 2026 at 9:00 A.M. (IST) to Thursday, September 24, 2026 at 5:00 P.M. (IST)
  • E-voting during AGM: Provided for members who attended through VC/OAVM and hadn't voted remotely
  • Scrutinizer: Suresh Kumar Kabra, Partner, Samdani Shah and Kabra, Company Secretaries

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 1,177,893,990 (68.1558% of outstanding shares)
  • In favor: 1,177,879,656 (99.9988%)
  • Against: 14,334 (0.0012%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 100% in favor (325,078,496 votes)
  • Public Non-Institutions: 99.9839% in favor (89,288,056 votes), 0.0161% against (14,334 votes)

Resolution 2: Re-appointment of Mukesh Manglik

  • Total votes cast: 1,177,954,067 (68.1593% of outstanding shares)
  • In favor: 944,195,567 (80.1556%)
  • Against: 233,758,500 (19.8444%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 28.1152% in favor (91,414,006 votes), 71.8848% against (233,726,292 votes)
  • Public Non-Institutions: 99.9639% in favor (89,268,457 votes), 0.0361% against (32,208 votes)

Resolution 3: Re-appointment of Madhurima Sayan Das

  • Total votes cast: 1,177,954,067 (68.1593% of outstanding shares)
  • In favor: 1,134,452,280 (96.3070%)
  • Against: 43,501,787 (3.6930%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 86.6301% in favor (281,669,266 votes), 13.3699% against (43,471,032 votes)
  • Public Non-Institutions: 99.9656% in favor (89,269,910 votes), 0.0344% against (30,755 votes)

Resolution 4: Increase in Borrowing Limits

  • Total votes cast: 1,177,954,217 (68.1593% of outstanding shares)
  • In favor: 1,177,920,398 (99.9971%)
  • Against: 33,819 (0.0029%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 100% in favor (325,140,298 votes)
  • Public Non-Institutions: 99.9621% in favor (89,266,996 votes), 0.0379% against (33,819 votes)

Resolution 5: Creation of Security Interests

  • Total votes cast: 1,177,954,217 (68.1593% of outstanding shares)
  • In favor: 1,102,577,820 (93.6011%)
  • Against: 75,376,397 (6.3989%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 76.8288% in favor (249,801,366 votes), 23.1712% against (75,338,932 votes)
  • Public Non-Institutions: 99.9580% in favor (89,263,350 votes), 0.0420% against (37,465 votes)

Resolution 6: Ratification of Cost Auditor Remuneration

  • Total votes cast: 1,177,954,217 (68.1593% of outstanding shares)
  • In favor: 1,177,926,094 (99.9976%)
  • Against: 28,123 (0.0024%)
  • Category breakdown:
  • Promoter & Promoter Group: 100% in favor (76,351,310 votes)
  • Public Institutions: 100% in favor (325,140,298 votes)
  • Public Non-Institutions: 99.9685% in favor (89,272,692 votes), 0.0315% against (28,123 votes)

Resolution 7: Material Related Party Transactions

  • Total votes cast: 414,431,113 (23.9800% of outstanding shares)
  • In favor: 324,281,340 (78.2473%)
  • Against: 90,149,773 (21.7527%)
  • Category breakdown:
  • Promoter & Promoter Group: 0 votes (abstained as interested party)
  • Public Institutions: 72.2826% in favor (235,019,818 votes), 27.7174% against (90,120,480 votes)
  • Public Non-Institutions: 99.9672% in favor (89,261,522 votes), 0.0328% against (29,293 votes)

Scrutinizer's Role and Findings

Suresh Kumar Kabra, Partner of Samdani Shah and Kabra, Company Secretaries, was appointed as Scrutinizer. Key findings:

  • The e-voting process was conducted through NSDL's platform
  • Remote e-voting was available from September 22-24, 2026
  • Votes were unblocked and downloaded on September 25, 2026 at 03:56 P.M. (IST) in presence of witnesses Kunjan Mehta and Revati Mohllkar
  • All resolutions passed with requisite majority
  • No invalid votes were recorded across all categories
  • The scrutinizer confirmed compliance with Companies Act, 2013; SEBI LODR Regulations; and Secretarial Standards

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars No. 14/2020, 17/2020, 20/2020, and 03/2025
  • Secretarial Standard - 2 on General Meetings