Meeting Details

The 93rd Annual General Meeting (AGM) of ISGEC Heavy Engineering Limited was convened on Monday, September 28, 2026, at 11:00 a.m. Indian Standard Time. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA), circulars issued by SEBI, and applicable provisions of the Companies Act, 2013.

Proposed Resolutions and Agenda Items

The AGM considered the following agenda items as set out in the notice:

Ordinary Business:

  • 1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors (Ordinary Resolution)
  • 2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors (Ordinary Resolution)
  • 3. Declaration of Dividend of Rs.6 per equity share of Re.1/- each for FY ended March 31, 2026, as recommended by Board of Directors (Ordinary Resolution)
  • 4. Appointment of Mr. Sanjay Gulati as Director, liable to retire by rotation (Ordinary Resolution)

Special Business:

  • 5. Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027 (Ordinary Resolution)
  • 6. Revision in remuneration of Ms. Nayna Puri, related party, holding office or place of profit in material wholly owned subsidiary, Saraswati Sugar Mills Limited (Ordinary Resolution)

Voting Process and Methods

The Company engaged National Securities Depositories Limited (NSDL) to provide facility of remote e-voting and e-voting during the AGM. Remote e-voting commenced on Friday, September 25, 2026, at 9:00 a.m. IST and ended on Sunday, September 27, 2026, at 5:00 p.m. IST. E-voting facility was kept active for 15 minutes after conclusion of the AGM for members who had not exercised their vote through remote e-voting.

Attendance and Participation Details

The number of members as on cut-off date (Monday, September 21, 2026) was 39,332. A total of 91 members attended the AGM, including four (04) members from Promoters and Promoters group. Quorum was confirmed to be present. All directors of the Company attended the AGM. Mr. Ranjit Puri chaired the meeting.

Additional Information Shared with Members

Mr. Sachin Saluja, Company Secretary, informed members about a Special Window opened by SEBI from February 05, 2026 to February 04, 2027 for re-lodgement of transfer requests and dematerialisation of physical securities. This facility covers securities sold or purchased prior to April 01, 2019, including cases earlier rejected, returned, or kept pending due to deficiencies in documentation.

Scrutinizer and Results Disclosure

It was confirmed that the consolidated voting results along with the Scrutinizer's Report would be disclosed on the Company's website (www.isgec.com), BSE Ltd. website, National Stock Exchange of India Limited website, and NSDL website within 2 working days from conclusion of the AGM.

Compliance Confirmation

The meeting was confirmed to be conducted in compliance with the Companies Act, 2013, rules and Secretarial Standards made thereunder. The reports of the Statutory Auditor's and Secretarial Auditors were noted to contain no qualifications, observations, or adverse remarks.

Meeting Duration and Conclusion

The AGM commenced at 11:00 a.m. and concluded at 11:37 a.m. Indian Standard Time, lasting 37 minutes including the 15-minute e-voting period after the meeting.

Signatories and Confirmation

The document was digitally signed by Kalyan Ghosh, Compliance Officer (Membership No. A10790). Confirmation of the meeting was provided by the Compliance Officer, Managing Director, Joint Managing Director & Chief Financial Officer, and Chairman.