Meeting Details

The 31st Annual General Meeting was held on Wednesday, September 30, 2026, at 10:00 AM IST at the company's registered office: 31-36, 1st Main, 2nd Stage, Arekere MICO Layout, Bannerghatta Road, Bengaluru - 560076, Karnataka, India. The meeting concluded at 10:30 AM IST.

Proposed Resolutions and Implications

The AGM considered and approved 12 resolutions:

Ordinary Business (3 resolutions):

1. Adoption of Standalone and Consolidated Audited Financial Statements for FY 2025-2026

2. Re-appointment of Mr. Chennareddy Shivakumarreddy (DIN: 01189348) as Director liable to retire by rotation

3. Re-appointment of Mrs. R. H. Kasturi (DIN: 00291851) as Director liable to retire by rotation

Special Business (9 resolutions):

4. Revision of limit for Material Related Party Transactions with Samoro Telecoms Private Limited (Ordinary Resolution)

5. Approval of Material Related Party Transactions with Til-Tek Antenna Inc. (Ordinary Resolution)

6. Approval of Material Related Party Transactions with DCI-Digital Communications Ltd. (Ordinary Resolution)

7. Approval of Material Related Party Transactions with Kaytech Coverage Solutions Inc. (Ordinary Resolution)

8. Approval of Material Related Party Transactions with Kavveri Technologies Inc. (Ordinary Resolution)

9. Payment of remuneration and commission to Mr. Chennareddy Shivakumarreddy, Managing Director (Special Resolution)

10. Payment of remuneration and commission to Mrs. R. H. Kasturi, Whole-Time Director and CFO (Special Resolution)

11. Payment of remuneration and commission to Mr. Chenna Reddy Sanketh Ram Reddy (DIN: 10862507), Whole-Time Director (Special Resolution)

12. Re-appointment of Mr. Keerthi Narayan (DIN: 06745995) as Non-Executive and Independent Director (Special Resolution)

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Conducted through Central Depository Services (India) Limited (CDSL) from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • Physical voting: Conducted at the AGM venue on September 30, 2026

The record date for determining shareholder eligibility was September 23, 2026, with 38,294 shareholders registered.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 38,294
  • Shareholders present in meeting: 55 (4 Promoters/Promoter group + 51 Public)
  • Shareholders attended through video conferencing: 0
  • Total resolutions passed: 12

Resolution-wise Voting Results

Resolution 1 (Adoption of Financial Statements - Ordinary):

  • Total votes cast: 8,239,423 (13.704% of outstanding shares)
  • Votes in favor: 8,237,112 (99.972%)
  • Votes against: 2,311 (0.028%)

Resolution 2 (Re-appointment of Mr. Chennareddy Shivakumarreddy - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 3 (Re-appointment of Mrs. R. H. Kasturi - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 4 (Related Party - Samoro Telecoms - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 5 (Related Party - Til-Tek Antenna - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 6 (Related Party - DCI-Digital - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 7 (Related Party - Kaytech Coverage - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 8 (Related Party - Kavveri Technologies - Ordinary):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,181 (98.8056%)
  • Votes against: 2,311 (1.1944%)

Resolution 9 (Remuneration - Mr. Shivakumarreddy - Special):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,131 (98.7798%)
  • Votes against: 2,361 (1.2202%)

Resolution 10 (Remuneration - Mrs. Kasturi - Special):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,131 (98.7798%)
  • Votes against: 2,361 (1.2202%)

Resolution 11 (Remuneration - Mr. Sanketh Ram Reddy - Special):

  • Total votes cast: 193,492 (0.3218% of outstanding shares)
  • Votes in favor: 191,131 (98.7798%)
  • Votes against: 2,361 (1.2202%)

Resolution 12 (Appointment of Mr. Keerthi Narayan - Special):

  • Total votes cast: 8,239,423 (13.704% of outstanding shares)
  • Votes in favor: 8,237,062 (99.97%)
  • Votes against: 2,361 (0.03%)

Category-wise Voting Breakdown

All resolutions showed consistent voting patterns:

  • Promoter and Promoter Group: Did not participate in voting for resolutions where they were interested parties
  • Public Institutions: Minimal to no participation across all resolutions
  • Public Non-Institutions: Primary voting constituency with consistent approval rates around 98.78-98.81%

Scrutinizer's Role and Findings

CS Guruprasada Bhat (FCS No.: 11713, CP No.: 18963) of M/S G Bhat and Associates was appointed as scrutinizer at the Board Meeting held on September 4, 2026. The scrutinizer issued his report on September 30, 2026.

Voting Participation Details:

  • 42 members cast votes through remote e-voting
  • 38 members cast votes at the AGM through physical polling
  • Total members voted: 80
  • No invalid votes were recorded across any shareholder category

The scrutinizer confirmed that all resolutions were passed by requisite majority and that the voting process was conducted fairly and transparently.

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30
  • Sections 108 & 109 of the Companies Act, 2013
  • Companies (Management & Administration) Rules, 2014
  • All relevant MCA circulars regarding e-voting procedures

Additional Information

  • Company CIN: L85110KA1996PLC019627
  • NSE Symbol: KAVDEFENCE
  • Total outstanding shares: 60,124,260
  • Shareholding pattern: Promoter & Promoter Group (14,765,931 shares), Public Institutions (1,246,168 shares), Public Non-Institutions (44,112,161 shares)