Meeting Details

  • Date of Meeting: 29th September 2026
  • Type of Meeting: Annual General Meeting
  • Mode of Meeting: Video conferencing
  • Cut-off Date: 22nd September 2026 (for determining shareholders entitled to vote)
  • Notice Date: 14th August 2026

Proposed Resolutions and Voting Outcomes

Fourteen resolutions were proposed and all were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

  • Description: To receive, consider and adopt the Financial Statements (including Consolidated Financial Statements) for FY ended 31st March 2026 with Reports of Board of Directors and Auditors
  • Type: Ordinary Resolution
  • Total Votes Polled: 30,24,79,027 shares (70.7768% of outstanding)
  • Votes in Favor: 30,24,76,776 shares (99.9993%)
  • Votes Against: 2,251 shares (0.0007%)

Resolution 2: Re-appointment of Mr. Abhishek Jaiswal

  • Description: Re-appointment of director retiring by rotation (DIN: 07936627)
  • Type: Ordinary Resolution
  • Total Votes Polled: 30,24,79,179 shares (70.7768%)
  • Votes in Favor: 29,68,92,911 shares (98.1532%)
  • Votes Against: 55,86,268 shares (1.8468%)

Resolution 3: Re-appointment of Mr. Swapan Kumar Chaudhury

  • Description: Re-appointment of director retiring by rotation (DIN: 10694552)
  • Type: Ordinary Resolution
  • Total Votes Polled: 30,24,79,179 shares (70.7768%)
  • Votes in Favor: 28,85,03,156 shares (95.3795%)
  • Votes Against: 1,39,76,023 shares (4.6205%)

Resolution 4: Re-appointment of Mrs. Madhuchhanda Chatterjee

  • Description: Re-appointment as Independent Director (DIN: 02510507)
  • Type: Special Resolution
  • Total Votes Polled: 30,24,79,679 shares (70.7769%)
  • Votes in Favor: 29,83,64,825 shares (98.6396%)
  • Votes Against: 41,14,854 shares (1.3604%)

Resolution 5: Re-appointment of Mr. Avinash Gupta

  • Description: Re-appointment as Independent Director (DIN: 02783217)
  • Type: Special Resolution
  • Total Votes Polled: 30,24,79,679 shares (70.7769%)
  • Votes in Favor: 29,92,09,572 shares (98.9189%)
  • Votes Against: 32,70,107 shares (1.0811%)

Resolution 6: Re-appointment of Mr. Vivek Lohia

  • Description: Re-appointment as Managing Director for 5 years (DIN: 00574035)
  • Type: Special Resolution
  • Total Votes Polled: 29,46,82,639 shares (68.9525%)
  • Votes in Favor: 28,23,23,324 shares (95.8059%)
  • Votes Against: 1,23,59,315 shares (4.1941%)

Resolution 7: Re-appointment of Mr. Vikash Lohia

  • Description: Re-appointment as Deputy Managing Director for 5 years (DIN: 00572725)
  • Type: Special Resolution
  • Total Votes Polled: 29,10,52,706 shares (68.1032%)
  • Votes in Favor: 27,79,03,448 shares (95.4822%)
  • Votes Against: 1,31,49,258 shares (4.5178%)

Resolution 8: Appointment of Ms. Ranjini Roy

  • Description: Appointment as Non-Executive Independent Director (DIN: 11774372)
  • Type: Special Resolution
  • Total Votes Polled: 30,24,79,679 shares (70.7769%)
  • Votes in Favor: 30,24,77,129 shares (99.9992%)
  • Votes Against: 2,550 shares (0.0008%)

Resolution 9: Appointment of Ms. Siddhi Singhania

  • Description: Appointment as Non-Executive Independent Director (DIN: 07144036)
  • Type: Special Resolution
  • Total Votes Polled: 30,24,79,679 shares (70.7769%)
  • Votes in Favor: 30,24,77,129 shares (99.9992%)
  • Votes Against: 2,550 shares (0.0008%)

Resolution 10: Remuneration to Mr. Mark Damian Stevenson

  • Description: Payment of remuneration to Non-Executive, Non-Independent Director (DIN: 11089244)
  • Type: Special Resolution
  • Total Votes Polled: 30,24,80,064 shares (70.7770%)
  • Votes in Favor: 29,24,87,849 shares (96.6966%)
  • Votes Against: 99,92,215 shares (3.3034%)

Resolution 11: Ratification of Cost Auditors Remuneration

  • Description: Ratification of remuneration of Cost Auditors for FY 2026-2027
  • Type: Ordinary Resolution
  • Total Votes Polled: 30,24,80,064 shares (70.7770%)
  • Votes in Favor: 30,24,76,919 shares (99.9990%)
  • Votes Against: 3,145 shares (0.0010%)

Resolution 12: Alteration of Object Clause and MOA

  • Description: Alteration of Object Clause and adoption of new Memorandum of Association
  • Type: Special Resolution
  • Total Votes Polled: 30,24,80,064 shares (70.7770%)
  • Votes in Favor: 30,24,77,274 shares (99.9991%)
  • Votes Against: 2,790 shares (0.0009%)

Resolution 13: Adoption of New Articles of Association

  • Description: Adoption of new set of Articles of Association as per Companies Act, 2013
  • Type: Special Resolution
  • Total Votes Polled: 30,24,80,064 shares (70.7770%)
  • Votes in Favor: 28,81,83,059 shares (95.2734%)
  • Votes Against: 1,42,97,005 shares (4.7266%)

Resolution 14: Modification to Object Clause for QIP Funds

  • Description: Modification to object clause for utilization of funds raised via QIP in December 2023
  • Type: Special Resolution
  • Total Votes Polled: 30,24,79,564 shares (70.7769%)
  • Votes in Favor: 30,24,76,374 shares (99.9989%)
  • Votes Against: 3,190 shares (0.0011%)

Voting Process and Methods

  • Remote E-voting Period: 26th September 2026 (9:00 AM IST) to 28th September 2026 (5:00 PM IST)
  • E-voting at Meeting: Conducted on 29th September 2026 for members who hadn't voted remotely
  • Service Provider: Kfin Technologies Limited (also Registrar and Share Transfer Agent)
  • E-voting Website: https://evoting.kfintech.com
  • Votes Unblocking: Done on 29th September 2026 after AGM conclusion in presence of two witnesses (Mr. Shivam Singhania and Ms. Muskan Singhania)

Shareholder Participation Breakdown

Total outstanding shares: 42,73,70,389

Promoter and Promoter Group:

  • Shares held: 29,19,31,776
  • Voting participation: 98.66% average across resolutions
  • Consistently voted 100% in favor on all resolutions

Public Institutions:

  • Shares held: 4,22,93,964
  • Voting participation: 34.09% average across resolutions
  • Varied voting patterns on director appointments

Public Non-Institutions:

  • Shares held: 9,31,44,649
  • Voting participation: 0.046-0.047% average across resolutions
  • Generally supported resolutions with minor opposition

Scrutinizer's Role and Findings

  • Scrutinizer: Shruti Singhania, Practising Company Secretary (F.C.S. No.: 11752 / C.P. No.: 18028)
  • Appointment: Made at board meeting held on 14th August 2026
  • Responsibilities: Examined records of electronic voting and relevant documents
  • Findings: Confirmed votes were cast only by entitled members through Kfin's designated system
  • Report Date: 30th September 2026 at Kolkata

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Various MCA circulars (No.14/2020, 17/2020, 20/2020, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025)
  • SEBI circulars (SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/POD-2/CIR/P/2023/4, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, and circular dated 30th January 2026)

Additional Information

  • Company CIN: L28100MP1979PLC049375
  • Scrutinizer Contact: Mobile: +9874847954/+9123862259, Email: singhania.shruti19@gmail.com/office.ssinghania@gmail.com
  • Address: 309, B.B. Ganguly Street, 2nd Floor, Room no. 5, Kolkata- 700012