Meeting Details

  • Date of Meeting: Thursday, September 24, 2026
  • Location: Registered Office of the Company at Falta SEZ, Sector II, Near Pump House No 3, Village & Mouza-Akalmegh, South 24 Parganas-743504
  • Type of Meeting: 53rd Annual General Meeting

Proposed Resolutions and Implications

Four resolutions were proposed and approved:

1. Ordinary Resolution: Adoption of audited financial statements (Standalone & Consolidated) for the financial year ended March 31, 2026, and reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of Dividend of ₹0.50 per equity share (face value of ₹1 each) for FY ended March 31, 2026

3. Ordinary Resolution: Appointment of Shri Udit Sethia (DIN-08722143) as Director who retires by rotation

4. Special Resolution: Re-appointment of Shri Sunit Mehra (DIN-00359482) as Non-Executive Independent Director

Voting Process and Methods

The voting process utilized:

  • Remote e-voting through National Securities Depository Limited (NSDL) from September 21, 2026 (09:00 AM) to September 23, 2026 (05:00 PM)
  • Physical polling at the meeting venue for shareholders who did not opt for remote e-voting
  • The meeting was held physically at the registered office with no video conferencing facilities arranged

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 32,410
  • Shareholders present in person or through proxy: 36 (9 Promoters/Promoter Group, 27 Public)
  • Total paid-up equity share capital: ₹6,37,81,000 divided into 6,37,81,000 equity shares of ₹1 each

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 4,67,39,051 (73.2805% of outstanding shares)
  • In favor: 4,67,38,734 votes (99.9993%)
  • Against: 317 votes (0.0007%)
  • Invalid votes: NIL

Resolution 2: Dividend Declaration

  • Total votes cast: 4,67,39,051 (73.2805% of outstanding shares)
  • In favor: 4,67,38,634 votes (99.9991%)
  • Against: 417 votes (0.0009%)
  • Invalid votes: NIL

Resolution 3: Re-appointment of Udit Sethia

  • Total votes cast: 4,63,37,051 (73.1110% of outstanding shares)
  • In favor: 4,63,36,729 votes (99.9993%)
  • Against: 322 votes (0.0007%)
  • Invalid votes: 1 member with 4,02,000 votes declared invalid

Resolution 4: Re-appointment of Sunit Mehra

  • Total votes cast: 4,67,39,051 (73.2805% of outstanding shares)
  • In favor: 4,67,38,734 votes (99.9993%)
  • Against: 317 votes (0.0007%)
  • Invalid votes: NIL

Shareholder Category Breakdown

Promoter and Promoter Group

  • Shares held: 4,49,05,554
  • Votes polled: 4,40,84,195 (98.1709% participation)
  • Voted 100% in favor on all resolutions

Public Institutions

  • Shares held: 3,33,510
  • Votes polled: 123 (0.0369% participation)
  • Voted 100% in favor on all resolutions

Public Non-Institutions

  • Shares held: 1,85,41,936
  • Votes polled: 26,54,733 (14.3175% participation)
  • Majority in favor with minimal opposition across all resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Harsh Vardhan Bolia, Chartered Accountant (H V Bolia & Associates, Registration No. 332157E)
  • Appointment: By Board of Directors under Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management & Administration) Rules, 2014
  • Responsibilities: Scrutinizing e-voting process and ascertaining requisite majority
  • Findings: All resolutions passed with requisite majority as per generated reports from NSDL e-voting platform
  • Vote unblocking: Conducted on September 24, 2026 after AGM completion in presence of witnesses Mr. Nirupam Sahoo and Ms. Dhwani Agarwal

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 (Section 108)
  • Companies (Management & Administration) Rules, 2014 (Rule 20)