Summary of Proceedings

Meeting Details

The Thirty Fifth Annual General Meeting (AGM) of IP Rings Limited was held on Monday, August 24, 2026, from 11:30 AM to 12:31 PM (IST) through Video Conference/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs and Securities Exchange Board of India.

Attendance

A total of 48 members attended the meeting through VC. The quorum was present.

Directors and Key Managerial Personnel Present:

  • Mr. A. Venkataramani (Managing Director)
  • Mr. Navin Paul (Independent Director)
  • Mr. Vikram Vijayaraghavan (Independent Director)
  • Ms. Anandi Iyer (Independent Director)
  • Mr. M. Govindarajan (Non-Executive, Non-Independent Director)
  • Mr. Nagarajan Balavijayan (Non-Executive, Non-Independent Director)
  • Mr. R. Janakiraman (Chief Financial Officer)
  • Mr. M. Sathyanarayanan (Company Secretary & Compliance Officer)

Other Invitees Present:

  • Mr. R. Mukundan and Mr. M. Francis (Statutory Auditors)
  • M/s. Francis Pavithra & Associates LLP (Secretarial Auditors/Scrutinizer)

Proceedings

The meeting was chaired by Mr. A. Venkataramani, Managing Director. The Chief Financial Officer confirmed quorum and noted that the Notice, Statutory Auditors report, and Secretarial Auditors report were taken as read.

Remote e-voting commenced on August 21, 2026, at 9:00 AM (IST) and concluded on August 23, 2026, at 5:00 PM (IST), using the NSDL platform.

The Chairman delivered a speech covering:

  • Global and Indian economic environment
  • Developments in the automotive sector
  • Review of company performance for FY 2025-26, focusing on Piston Ring Division and Near Net Shaped Cold Forging Division
  • Strategic investments in new product lines (EATS) and portfolio expansion
  • Technology leverage in business operations
  • Future growth prospects

Six shareholders participated as speakers, raising queries on financial, secretarial, and growth-related matters, which were addressed by the Chairman, Independent Directors, and CFO.

Resolutions Passed

ORDINARY BUSINESS:

1. Adoption of Audited Financial Statements (Standalone & Consolidated) along with reports of Board of Directors and Auditors for FY ended March 31, 2026

SPECIAL BUSINESS:

1. Re-appointment of Mr. M. Govindarajan (DIN: 09264840) as Non-Executive, Non-Independent director for one year from August 02, 2026, to August 01, 2027

2. Appointment of Mr. Nagarajan Balavijayan (DIN: 02751431) as Non-Executive, Non-Independent Director

3. Ratification of remuneration payable to Cost Auditor for FY 2026-27

Voting Results

Record Date: August 17, 2026

Total Shareholders on Record Date: 6,364

Attendance Breakdown:

  • Promoters and Promoter Group through VC: 4
  • Public through VC: 44

Resolution 1 - Adoption of Financial Statements:

  • Total shares voted: 7,420,539 (58.5407% of outstanding)
  • Votes in favor: 7,420,495 (99.9994% of votes polled)
  • Votes against: 44 (0.0006% of votes polled)

Resolution 2 - Re-appointment of M. Govindarajan:

  • Total shares voted: 7,420,409 (58.5397% of outstanding)
  • Votes in favor: 7,420,345 (99.9991% of votes polled)
  • Votes against: 64 (0.0009% of votes polled)

Resolution 3 - Appointment of Nagarajan Balavijayan:

  • Total shares voted: 7,420,409 (58.5397% of outstanding)
  • Votes in favor: 7,420,365 (99.9994% of votes polled)
  • Votes against: 44 (0.0006% of votes polled)

Resolution 4 - Ratification of Cost Auditor Remuneration:

  • Total shares voted: 7,420,409 (58.5397% of outstanding)
  • Votes in favor: 7,420,285 (99.9983% of votes polled)
  • Votes against: 124 (0.0017% of votes polled)

Scrutinizer Report

M/s. Francis Pavithra & Associates LLP, represented by CS M. Francis, was appointed as Scrutinizer. The remote e-voting period was from August 21, 2026 (9:00 AM) to August 23, 2026 (5:00 PM).

Consolidated Voting Results:

  • All four resolutions passed with 99.99% votes in favor
  • 0.01% votes against across all resolutions
  • No invalid votes found

The scrutinizer report and all relevant records will remain in safe custody until the Chairman approves and signs the minutes.