Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Type of Meeting: Annual General Meeting (AGM)
  • Date: Tuesday, September 29, 2026
  • Time: Commenced at 10:00 AM and concluded at 10:27 AM
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Video Means (OAVM)
  • Record Date: September 22, 2026
  • Total Shareholders on Record Date: 320,087

Attendance Details

  • Promoters and Promoter Group attended through VC: 1 member
  • Public shareholders attended through VC: 54 members
  • No shareholders present in person or through proxy

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Open from Saturday, September 26, 2026 at 9:00 AM to Monday, September 28, 2026 at 5:00 PM
  • E-voting during AGM: Facilitated by Central Depository Services (India) Limited (CDSL) for shareholders present through VC/OAVM who had not voted remotely
  • Votes unblocked on: September 29, 2026 at approximately 10:43 AM in the presence of witnesses Mr. Raimeen Maradiya and Mr. Malav Bhavsar

Resolution Summary and Voting Outcomes

Resolution 1 - Ordinary Resolution: To receive, consider and adopt audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

  • Total Votes Polled: 122,895,877 (62.1721% of outstanding shares)
  • In Favor: 122,895,877 (100.00%)
  • Against: 0 (0.00%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 2 - Ordinary Resolution: To confirm payment of Interim Dividends during FY 2025-26

  • Total Votes Polled: 122,895,798 (62.1721%)
  • In Favor: 122,895,798 (100.00%)
  • Against: 0 (0.00%)
  • Abstained: 429 shares
  • Result: Passed

Resolution 3 - Ordinary Resolution: To declare final dividend for FY ended March 31, 2026

  • Total Votes Polled: 122,895,877 (62.1721%)
  • In Favor: 122,895,877 (100.00%)
  • Against: 0 (0.00%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 4 - Ordinary Resolution: To reappoint Mrs. Bhadrabala Dhimantrai Joshi (DIN: 07244587) as director retiring by rotation

  • Total Votes Polled: 122,896,836 (62.1721%)
  • In Favor: 122,699,091 (99.84%)
  • Against: 197,745 (0.16%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 5 - Ordinary Resolution: To appoint M S K C & Associates LLP as Statutory Auditors

  • Total Votes Polled: 122,896,836 (62.1721%)
  • In Favor: 122,895,611 (99.9990%)
  • Against: 1,225 (0.0010%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 6 - Special Resolution: To reappoint Mr. Sharadchandra Patil (DIN: 09345575) as non-executive independent director for second term of five years

  • Total Votes Polled: 122,896,836 (62.1721%)
  • In Favor: 122,158,445 (99.3992%)
  • Against: 738,391 (0.6008%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 7 - Ordinary Resolution: To appoint Prof. Sunil Kumar Maheshwari (DIN: 02317160) as non-executive non-independent director designated as Vice Chairman

  • Total Votes Polled: 122,896,836 (62.1721%)
  • In Favor: 122,230,378 (99.4577%)
  • Against: 666,458 (0.5423%)
  • Abstained: 350 shares
  • Result: Passed

Resolution 8 - Special Resolution: To approve payment of remuneration to Non-Executive Director(s), including Independent Director(s)

  • Total Votes Polled: 122,897,186 (62.1723%)
  • In Favor: 113,772,666 (92.5755%)
  • Against: 9,124,520 (7.4245%)
  • Abstained: 0 shares
  • Result: Passed

Resolution 9 - Ordinary Resolution: To ratify remuneration of cost auditor

  • Total Votes Polled: 122,896,836 (62.1721%)
  • In Favor: 122,895,611 (99.9990%)
  • Against: 1,225 (0.0010%)
  • Abstained: 350 shares
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group:

  • Shares Held: 97,658,531
  • Votes Polled: 100% across all resolutions
  • Unanimous support for all resolutions (100% in favor)

Public Institutions:

  • Shares Held: 16,130,326
  • Votes Polled: 65.6264% across resolutions
  • Varied support: 100% in favor for dividends and auditor appointment, but significant opposition for director remuneration (86.17% against) and director reappointments (6.28-6.96% against)

Public Non-Institutions:

  • Shares Held: 83,883,111
  • Votes Polled: 17.4677-17.4682% across resolutions
  • Strong support for all resolutions (99.98-99.99% in favor for most items)

Scrutinizer Details

  • Name: Chirag B Shah
  • Firm: Chirag Shah & Associates
  • Qualification: CS
  • Membership Number: 5545
  • Appointment Date: September 2, 2026
  • Report Issuance Date: September 29, 2026

Scrutinizer's Findings

The scrutinizer certified that:

  • The voting process complied with Companies Act 2013, SEBI LODR Regulations 2015, and Secretarial Standard-2
  • All nine resolutions were passed by the required majority
  • The electronic voting system was properly administered with votes unblocked in presence of independent witnesses
  • All voting records and papers will remain in scrutinizer's custody until minutes are approved

Compliance Confirmation

The company confirmed compliance with applicable regulations including SEBI LODR Regulations 2015 and Companies Act 2013. The voting process followed all required procedures for remote e-voting and e-voting during the AGM.