Meeting Details

  • Type of Meeting: 41st Annual General Meeting (AGM)
  • Date: May 29, 2026
  • Time: 11:30 AM to 1:15 PM
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: May 22, 2026
  • Total Shareholders on Record Date: 186,469

Attendance Details

  • Promoters and Promoter Group attended through VC: 19 shareholders
  • Public shareholders attended through VC: 47 shareholders
  • No shareholders present in person or through proxy

Scrutinizer Appointment

  • Name: Awanish K. Dwivedi of Awanish Dwivedi & Associates
  • Firm: Awanish Dwivedi & Associates
  • Qualification: Company Secretary
  • Membership Number: F8055
  • Appointment Date: April 27, 2026 (Board Meeting)
  • Report Issuance Date: June 1, 2026

Voting Process

  • Remote e-voting period: May 26, 2026 (9:00 AM) to May 28, 2026 (5:00 PM)
  • E-voting facility provided by National Securities Depositories Limited (NSDL)
  • Voting conducted through https://www.evoting.nsdl.com/
  • Process monitored through scrutinizer's secured link
  • Votes unblocked in presence of two witnesses: Ms. Esha Rana and Ms. Kanchan Manral

Resolution-wise Voting Results

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Description: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with reports of Directors and Auditors
  • Total Votes Polled: 522,040,861 (81.63% of outstanding shares)
  • Votes in Favor: 522,040,557 (99.9999% of votes polled)
  • Votes Against: 304 (0.0001% of votes polled)
  • Result: Passed

Resolution 2: Dividend Declaration

  • Type: Ordinary Resolution
  • Description: To declare a dividend on equity shares
  • Total Votes Polled: 523,932,309 (81.93% of outstanding shares)
  • Votes in Favor: 523,931,709 (99.9999% of votes polled)
  • Votes Against: 600 (0.0001% of votes polled)
  • Result: Passed

Resolution 3: Re-appointment of Director (Ms. Shraddha Prithvi RJ)

  • Type: Ordinary Resolution
  • Description: To appoint Ms. Shraddha Prithvi RJ (DIN: 00016940), Joint Managing Director, who retires by rotation
  • Total Votes Polled: 523,985,227 (81.94% of outstanding shares)
  • Votes in Favor: 458,420,562 (87.49% of votes polled)
  • Votes Against: 65,564,665 (12.51% of votes polled)
  • Result: Passed

Resolution 4: Re-appointment of Director (Shri Neeraj Kumar)

  • Type: Ordinary Resolution
  • Description: To appoint Shri Neeraj Kumar (DIN: 01776688), Director, who retires by rotation
  • Total Votes Polled: 523,985,227 (81.94% of outstanding shares)
  • Votes in Favor: 475,303,529 (90.71% of votes polled)
  • Votes Against: 48,681,698 (9.29% of votes polled)
  • Result: Passed

Resolution 5: Appointment of Independent Director (Dr. Ashutosh Karnatak)

  • Type: Special Resolution
  • Description: To appoint Dr. Ashutosh Karnatak (DIN: 03267102) as Independent Director
  • Total Votes Polled: 523,925,827 (81.93% of outstanding shares)
  • Votes in Favor: 523,596,657 (99.94% of votes polled)
  • Votes Against: 329,170 (0.06% of votes polled)
  • Result: Passed

Resolution 6: Continuation of Directorship (Shri Prithavi Raj Jindal)

  • Type: Special Resolution
  • Description: To approve continuation of Shri Prithavi Raj Jindal (DIN: 00005301) as Non-Executive Director upon attaining age of 75 years
  • Total Votes Polled: 523,985,227 (81.94% of outstanding shares)
  • Votes in Favor: 466,797,440 (89.09% of votes polled)
  • Votes Against: 57,187,787 (10.91% of votes polled)
  • Result: Passed

Resolution 7: Related Party Transaction with JWIL Infra Limited

  • Type: Ordinary Resolution
  • Description: To approve Material Related Party Transaction(s) with JWIL Infra Limited
  • Promoter Group: Not voted (0 votes polled)
  • Public Institutions Votes Polled: 117,407,934 (86.50% of their holding)
  • Public Non-Institutions Votes Polled: 2,057,143 (2.07% of their holding)
  • Total Votes Polled: 119,465,077 (18.68% of outstanding shares)
  • Votes in Favor: 119,460,248 (99.9960% of votes polled)
  • Votes Against: 4,829 (0.0040% of votes polled)
  • Result: Passed

Resolution 8: Related Party Transaction with JSW Steel Limited

  • Type: Ordinary Resolution
  • Description: To approve Material Related Party Transaction(s) with JSW Steel Limited
  • Promoter Group: Not voted (0 votes polled)
  • Public Institutions Votes Polled: 117,407,934 (86.50% of their holding)
  • Public Non-Institutions Votes Polled: 2,053,643 (2.07% of their holding)
  • Total Votes Polled: 119,461,577 (18.68% of outstanding shares)
  • Votes in Favor: 119,460,248 (99.9989% of votes polled)
  • Votes Against: 1,329 (0.0011% of votes polled)
  • Result: Passed

Resolution 9: Related Party Transaction with Jindal Steel Limited

  • Type: Ordinary Resolution
  • Description: To approve Material Related Party Transaction(s) with Jindal Steel Limited
  • Promoter Group: Not voted (0 votes polled)
  • Public Institutions Votes Polled: 117,407,934 (86.50% of their holding)
  • Public Non-Institutions Votes Polled: 2,057,143 (2.07% of their holding)
  • Total Votes Polled: 119,465,077 (18.68% of outstanding shares)
  • Votes in Favor: 119,463,748 (99.9989% of votes polled)
  • Votes Against: 1,329 (0.0011% of votes polled)
  • Result: Passed

Resolution 10: Ratification of Cost Auditor Remuneration

  • Type: Ordinary Resolution
  • Description: To ratify remuneration to M/s K.J. Goel & Co., Cost Accountants for FY 2026-27
  • Total Votes Polled: 523,925,827 (81.93% of outstanding shares)
  • Votes in Favor: 523,924,423 (99.9997% of votes polled)
  • Votes Against: 1,404 (0.0003% of votes polled)
  • Result: Passed

Resolution 11: Issuance of Non-Convertible Debentures

  • Type: Special Resolution
  • Description: To approve issuance of Non-Convertible Debentures on private placement basis
  • Total Votes Polled: 523,925,647 (81.93% of outstanding shares)
  • Votes in Favor: 523,922,041 (99.9993% of votes polled)
  • Votes Against: 3,606 (0.0007% of votes polled)
  • Result: Passed

Shareholding Pattern

  • Promoter and Promoter Group: 404,460,750 shares
  • Public Institutions: 135,735,181 shares
  • Public Non-Institutions: 99,312,303 shares
  • Total Outstanding Shares: 639,508,234

Scrutinizer's Conclusion

All 11 resolutions received the requisite majority and are deemed to be passed. Electronic voting data and records remain in scrutinizer's safe custody until Chairperson approves and signs the meeting minutes.