AGM Details

The 44th Annual General Meeting was held on Tuesday, July 21, 2026 through Video Conferencing/Other Audio Visual Means. The meeting commenced at 11:00 AM and concluded at 11:55 AM.

Scrutinizer Appointment

CS Ritesh Gupta, Practicing Company Secretary, was appointed as scrutinizer by the Board of Directors in their meeting held on May 14, 2026.

Voting Process

Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) from July 18, 2026 (9:00 AM) to July 20, 2026 (5:00 PM). The record date for determining voting eligibility was July 14, 2026, with 54,289 shareholders on record.

Shareholder Participation

  • 6 promoters/promoter group members attended via video conferencing
  • 56 public shareholders attended via video conferencing
  • No physical meeting or proxy arrangements were made

Resolution Results

All seven resolutions were approved with requisite majority:

Item 1: Adoption of Audited Financial Statements for FY26

  • Total votes: 70,538,468 shares (100% in favor)
  • Remote e-voting: 42 members, 70,537,466 shares (100% in favor)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 2: Reappointment of Shri Praveen Uniyal (DIN: 08714038) as Director

  • Total votes: 70,481,116 shares (99.92% in favor)
  • Remote e-voting: 35 members, 70,480,114 shares (99.92% in favor)
  • Against: 9 members, 56,877 shares (0.08%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 3: Declaration of Dividend of ₹1/- per share for FY26

  • Total votes: 70,538,468 shares (99.99% in favor)
  • Remote e-voting: 41 members, 70,533,510 shares (99.99% in favor)
  • Against: 4 members, 4,182 shares (0.01%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 4: Ratification of Cost Auditors' Remuneration for FY27

  • Total votes: 70,481,048 shares (99.92% in favor)
  • Remote e-voting: 35 members, 70,480,046 shares (99.92% in favor)
  • Against: 9 members, 56,945 shares (0.08%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 5: Increase in Borrowing Limits under Section 180(1)(c) to ₹800 Crores

  • Total votes: 70,532,625 shares (99.99% in favor)
  • Remote e-voting: 37 members, 70,531,623 shares (99.99% in favor)
  • Against: 8 members, 6,069 shares (0.01%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 6: Creation of Charge on Assets for Borrowings up to ₹800 Crores

  • Total votes: 70,532,625 shares (99.99% in favor)
  • Remote e-voting: 37 members, 70,531,623 shares (99.99% in favor)
  • Against: 8 members, 6,069 shares (0.01%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Item 7: Reappointment of Shri Utsav Khaitan (DIN: 03021454) as Joint Managing Director

  • Total votes: 65,529,827 shares (92.90% in favor)
  • Remote e-voting: 32 members, 65,528,825 shares (92.90% in favor)
  • Against: 7 members, 52,677 shares (0.07%)
  • Invalid votes: 4 members, 4,955,469 shares (7.03%)
  • E-voting at AGM: 3 members, 1,002 shares (100% in favor)

Invalid Votes Note

For Item 7, 4,955,469 votes (7.03%) were declared invalid as they were cast by members and their family members who were not eligible for voting.

Scrutinizer Report

The scrutinizer's report was issued on July 22, 2026, confirming all resolutions passed with requisite majority. The voting data was unblocked in the presence of two independent witnesses (Ms. Shreya Singh and Ms. Pragya Singh) at 12:18 PM on July 21, 2026.