Meeting Details

  • Date of Meeting: Tuesday, 1st September, 2026
  • Time: 03:00 P.M. (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type of Meeting: 40th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Resolution No. 1: Adoption of Financial Statements for Financial Year 2025-2026 and the Boards Report and Auditors Report thereon

2. Resolution No. 2: Re-appointment of Mr. Vikram Pushpak Oza (DIN: 01192552) as a Non-Executive Non-Independent Director liable to retire by rotation under Section 152 of the Companies Act, 2013

3. Resolution No. 3: Ratification of remuneration of cost auditors of the company for the financial year 2026-2027

4. Resolution No. 4: Re-appointment of Mr. Amit Yamunadutt Agarwal (DIN: 00169061) as a Managing Director of the company

5. Resolution No. 5: Increase in authorized share capital and consequent alteration to the capital clause of the Memorandum of Association of the company

Voting Process and Methods

  • Remote e-voting period: Saturday, 29th August, 2026 (9:00 am) to Monday, 31st August, 2026 (5:00 pm)
  • Cut-off date for eligibility: Tuesday, 25th August, 2026
  • Voting methods: Remote e-voting and e-voting at AGM conducted through VC/OAVM
  • Scrutinizer: Jitendra Pravinbhai Leeya, Company Secretary in Practice
  • Electronic voting system provider: Central Depository Services (India) Limited (CDSL)
  • Vote unblocking: Conducted on Tuesday, 1st September, 2026 after AGM conclusion, witnessed by Ms. Hemakshi Patel and Mr. Krutarth Raval

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 63,269
  • Total votes polled: 730,052,112 shares (72.82% of outstanding shares)
  • Shareholders present through video conferencing: 58 (3 promoters, 55 public)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements
  • Total votes cast: 730,052,112
  • In favor: 729,720,857 votes (99.95%)
  • Against: 331,255 votes (0.05%)
  • Invalid votes: 0
  • Abstained: 0
Resolution 2: Re-appointment of Mr. Vikram Pushpak Oza
  • Total votes cast: 730,052,112
  • In favor: 729,479,950 votes (99.92%)
  • Against: 572,162 votes (0.08%)
  • Invalid votes: 0
  • Abstained: 0
Resolution 3: Ratification of Cost Auditor Remuneration
  • Total votes cast: 730,052,112
  • In favor: 729,715,834 votes (99.95%)
  • Against: 336,278 votes (0.05%)
  • Invalid votes: 0
  • Abstained: 0
Resolution 4: Re-appointment of Mr. Amit Yamunadutt Agarwal
  • Total votes cast: 298,402,112
  • In favor: 298,052,849 votes (99.88%)
  • Against: 349,263 votes (0.12%)
  • Invalid votes: 0
  • Abstained: 431,650,000 votes
Resolution 5: Increase in Authorized Share Capital
  • Total votes cast: 730,052,112
  • In favor: 729,702,795 votes (99.95%)
  • Against: 349,317 votes (0.05%)
  • Invalid votes: 0
  • Abstained: 0

Category-wise Voting Breakdown

Promoter and Promoter Group
  • Shares held: 619,217,993
  • Votes polled: 432,570,000 (69.86% of shares held)
  • Supported all resolutions: 100% in favor for all resolutions where they voted
Public Institutions
  • Shares held: 736,690
  • Votes polled: 223,434 (30.33% of shares held)
  • Supported resolutions: 100% in favor for most resolutions, except Resolution 2 (99.76% in favor)
Public Non-Institutions
  • Shares held: 382,647,317
  • Votes polled: 297,258,678 (77.68% of shares held)
  • Support levels: Ranged from 99.88% to 99.92% in favor across resolutions

Scrutinizer's Role and Findings

Jitendra Pravinbhai Leeya was appointed as scrutinizer by the Board of Directors to scrutinize the e-voting process. His responsibilities included:

  • Scrutinizing remote e-voting before the AGM
  • Scrutinizing e-voting at the AGM through electronic voting system
  • Verifying compliance with Companies Act, 2013, MCA Circulars, and SEBI LODR Regulations
  • Preparing consolidated scrutinizer's report based on reports generated from CDSL's electronic voting system

The scrutinizer confirmed that all electronic data and relevant records are under his safe custody and will be handed over to the Company Secretary after minutes approval.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated 5th May 2020, 13th January 2021, 8th December 2021, 14th December 2021, 5th May 2022, 28th December 2022, 25th September 2023, 19th September 2024, and 22nd September 2025

Additional Information

  • Date of Board Meeting appointing scrutinizer: 31st July, 2026
  • Scrutinizer's report date: 1st September, 2026
  • Company disclosure date: 2nd September, 2026