Meeting Details

The 73rd Annual General Meeting was held on Thursday, 6th August 2026 at 3:15 P.M. IST at Jaykaygram, PO - Tyre Factory, Kankroli - 313 342 (Rajasthan). The cut-off date for determining shareholder eligibility to vote was Thursday, 30th July 2026, with 306,569 shareholders on record.

Proposed Resolutions and Implications

Six resolutions were presented for shareholder approval:

1. Ordinary Resolution: Receiving, considering and adoption of audited standalone financial statements for FY ended 31st March 2026 and Reports of Board of Directors and Auditors thereon; and audited consolidated financial statements for FY ended 31st March 2026 and Report of Auditors thereon.

2. Ordinary Resolution: Declaration of Dividend @ ₹4/- per Equity Share (₹2/- each) for the financial year ended 31st March 2026.

3. Special Resolution: Re-appointment of Smt Sunanda Singhania as a Director, who retires by rotation.

4. Special Resolution: Payment of remuneration to Shri Bharat Hari Singhania, non-executive Director for the financial year ending 31st March 2027.

5. Special Resolution: Re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director for a period of five years with effect from 1st October 2026.

6. Ordinary Resolution: Ratification of remuneration payable to the Cost Auditors for the financial year 2026-27.

Voting Process and Methods

The voting process utilized two methods:

  • Remote E-voting: Facilitated by Central Depository Services (India) Limited (CDSL), available from Monday, 3rd August 2026 (10:00 A.M.) to Wednesday, 5th August 2026 (5:00 P.M.)
  • Physical Poll Voting: Conducted at the AGM venue for members attending in person but who had not voted via remote e-voting

Advertisement for the voting process was published in Business Standard (English) and Pratahkal (Hindi, Udaipur Edition) on 15th July 2026.

Key Voting Outcomes

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements Adoption)

  • Total valid votes cast: 208,590,939
  • Votes in favor: 208,449,012 (99.93%)
  • Votes against: 141,927 (0.07%)
  • 557 members voted in favor, 13 against

Resolution 2 (Ordinary - Dividend Declaration)

  • Total valid votes cast: 208,657,978
  • Votes in favor: 208,657,740 (100.00%)
  • Votes against: 238 (0.00%)
  • 557 members voted in favor, 14 against

Resolution 3 (Special - Director Re-appointment)

  • Total valid votes cast: 208,657,978
  • Votes in favor: 208,472,308 (99.91%)
  • Votes against: 185,670 (0.09%)
  • 536 members voted in favor, 40 against

Resolution 4 (Special - Director Remuneration)

  • Total valid votes cast: 208,657,878
  • Votes in favor: 178,090,785 (85.35%)
  • Votes against: 30,567,093 (14.65%)
  • 428 members voted in favor, 146 against

Resolution 5 (Special - CMD Re-appointment)

  • Total valid votes cast: 221,954,376
  • Votes in favor: 192,415,231 (86.69%)
  • Votes against: 29,539,145 (13.31%)
  • 435 members voted in favor, 140 against

Resolution 6 (Ordinary - Cost Auditor Remuneration)

  • Total valid votes cast: 221,954,375
  • Votes in favor: 221,953,786 (100.00%)
  • Votes against: 589 (0.00%)
  • 553 members voted in favor, 18 against

Category-wise Participation:

The total outstanding shares were 288,289,511 across all shareholder categories.

Promoter and Promoter Group

  • Held: 149,114,536 shares (100% participation across all resolutions)
  • Voted 100% in favor on all resolutions except Resolution 4 where they were interested

Public - Institutions

  • Held: 67,314,600 shares
  • Participation ranged from 73.16% to 93.02% across resolutions
  • Showed significant opposition to Resolutions 4 (61.98% against) and 5 (47.17% against)

Public - Non Institutions

  • Held: 71,860,375 shares
  • Participation ranged from 14.20% to 14.23% across resolutions
  • Voted overwhelmingly in favor on all resolutions (99.98-100%)

Scrutinizer's Role and Findings

Dr. CS Ronak Jhuthawat of M/s Ronak Jhuthawat & Co., Company Secretaries (Firm Registration Number: P2025RJ104300) was appointed as Scrutinizer. The scrutinizer:

  • Supervised both remote e-voting and physical poll voting processes
  • Opened the locked ballot box in presence of two independent witnesses (Ms. Pooja Mehta and Ms. Payal Chhabra)
  • Reconciled ballot papers with records maintained by Alankit Assignments Limited (RTA)
  • Unblocked electronic votes in presence of witnesses on 6th August 2026 at 04:17 P.M.
  • Found no invalid or defective ballot papers
  • Concluded all resolutions passed with requisite majority

Compliance Confirmation

The document confirms compliance with:

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