Meeting Details

The 37th Annual General Meeting was held on Friday, August 14, 2026, from 11:00 A.M. to 11:40 A.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of members, in compliance with MCA circulars dated April 08, 2020, and subsequent extensions.

Proposed Resolutions and Implications

Four resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, including Reports of Auditors and Board of Directors

2. Ordinary Resolution: Re-appointment of Mr. Arjun B. Kothari (DIN: 07117816) who retires by rotation

3. Ordinary Resolution: Ratification of Remuneration to Cost Auditor M/s. P. Raju Iyer, M. Pandurangan & Associates for FY 2026-2027

4. Special Resolution: Payment of commission to Mrs. Nina B. Kothari (DIN: 00020119), Non-Executive Chairperson for FY 2026-2027

Voting Process and Methods

The voting process utilized multiple methods:

  • Remote E-voting: Conducted through CDSL from August 10, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
  • E-voting at AGM: Conducted during the meeting for members who had not voted remotely
  • Physical polling and postal ballot were not applicable due to the virtual nature of the meeting

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date (August 7, 2026): 40,105
  • Shareholders attending meeting via VC/OAVM: 76 (5 Promoter/Promoter Group, 71 Public)
  • Total shareholders voting: 117
  • Total votes cast: 46,723,141 (79.3985% of outstanding shares)
  • Invalid votes: NIL across all resolutions

Resolution-wise Results

Resolution 1 (Ordinary - Financial Statements)

  • Votes in favor: 46,723,127 (100% of votes cast)
  • Votes against: 14 (0% of votes cast)

Resolution 2 (Ordinary - Director Re-appointment)

  • Votes in favor: 46,722,727 (99.9991% of votes cast)
  • Votes against: 414 (0.0009% of votes cast)

Resolution 3 (Ordinary - Cost Auditor Remuneration)

  • Votes in favor: 46,722,727 (99.9991% of votes cast)
  • Votes against: 414 (0.0009% of votes cast)

Resolution 4 (Special - Chairperson Commission)

  • Votes in favor: 46,721,896 (99.9973% of votes cast)
  • Votes against: 1,245 (0.0027% of votes cast)

Shareholder Category Breakdown

Promoter & Promoter Group

  • Shares held: 42,497,005
  • Votes cast: 42,497,005 (100% of shares held)
  • Voted unanimously in favor on all resolutions

Public Institutions

  • Shares held: 58,258
  • Votes cast: 0 (0% of shares held)

Public Non-Institutions

  • Shares held: 16,291,137
  • Votes cast: 4,226,136 (25.9413% of shares held)
  • Majority in favor across all resolutions with minor dissent

Scrutinizer's Role and Findings

M/s. SJN Associates, Practising Company Secretaries (Firm Registration No: P2024TN103100) were appointed as scrutinizers. Their responsibilities included:

  • Scrutinizing votes cast through remote e-voting and e-voting at AGM
  • Ensuring fair and transparent voting process
  • Counting votes and preparing results from CDSL system data
  • Confirming no invalid votes were cast
  • Maintaining electronic voting records until minutes approval

The scrutinizer confirmed that all resolutions were passed with requisite majority and the meeting maintained quorum throughout.

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 SEBI (LODR) Regulations, 2015
  • Relevant MCA circulars permitting virtual meetings