Meeting Details

The 22nd Annual General Meeting was held on Wednesday, 12th August 2026 at 1:00 PM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The record date for determining shareholder eligibility was 5th August 2026.

Shareholder Participation

  • Total shareholders on record date: 75,483
  • Shareholders attending via video conferencing: 57 (13 Promoters/Promoter Group, 44 Public)
  • No shareholders attended in person or through proxy

Voting Process and Methods

The voting process utilized multiple methods:

  • Remote e-voting was conducted through MUFG Intime India Private Limited from Sunday, 9th August 2026 (9:00 AM) to Tuesday, 11th August 2026 (5:00 PM)
  • E-voting was available during the AGM for members who did not vote remotely
  • Scrutinizer: Sweta Gupta of RSG & Associates Company Secretaries (Membership No. 459873)

Resolution Summary and Voting Outcomes

Eight resolutions were considered and all were passed:

Resolution 1: Adoption of Audited Financial Statements

  • Type: Ordinary
  • Promoter interest: No
  • Total votes polled: 168,794,756 shares (63.3899% of outstanding)
  • Votes in favor: 168,794,756 (100%)
  • Result: Passed unanimously

Resolution 2: Appointment of Mr. Sanjeev Binani (DIN: 01149866) as Director

  • Type: Ordinary
  • Promoter interest: No
  • Total votes polled: 168,794,756 shares (63.3899% of outstanding)
  • Votes in favor: 168,794,756 (100%)
  • Result: Passed unanimously

Resolution 3: Re-appointment of Mr. Hanuman Prasad Agarwal (DIN: 00654218) as Managing Director

  • Type: Special
  • Promoter interest: Yes (promoter votes excluded)
  • Public votes polled: 198,789 shares (0.2035% of public holdings)
  • Votes in favor: 198,609 (99.9095%)
  • Votes against: 180 (0.0905%)
  • Result: Passed with requisite majority

Resolution 4: Re-appointment of Mr. Ankush Agarwal (DIN: 08071021) as Whole-Time Director

  • Type: Special
  • Promoter interest: Yes (promoter votes excluded)
  • Public votes polled: 198,789 shares (0.2035% of public holdings)
  • Votes in favor: 198,609 (99.9095%)
  • Votes against: 180 (0.0905%)
  • Result: Passed with requisite majority

Resolution 5: Re-appointment of Mr. Naresh Kumar Agarwal (DIN: 01020334) as Chairman cum Whole-Time Director

  • Type: Special
  • Promoter interest: Yes (promoter votes excluded)
  • Public votes polled: 198,789 shares (0.2035% of public holdings)
  • Votes in favor: 198,609 (99.9095%)
  • Votes against: 180 (0.0905%)
  • Result: Passed with requisite majority

Resolution 6: Appointment of Mr. Hunny Bhalotia (DIN: 11101662) as Non-Executive Independent Director

  • Type: Special
  • Promoter interest: No
  • Total votes polled: 168,794,756 shares (63.3899% of outstanding)
  • Votes in favor: 168,794,756 (100%)
  • Result: Passed unanimously

Resolution 7: Ratification of Remuneration of Cost Auditor

  • Type: Ordinary
  • Total votes polled: 168,794,756 shares (63.3899% of outstanding)
  • Votes in favor: 168,794,576 (99.9999%)
  • Votes against: 180 (0.0001%)
  • Result: Passed with requisite majority

Resolution 8: Corporate Guarantee to Banks for HM Power and Cables Private Limited

  • Type: Special
  • Promoter interest: Yes (promoter votes excluded)
  • Public votes polled: 198,789 shares (0.2035% of public holdings)
  • Votes in favor: 198,609 (99.9095%)
  • Votes against: 180 (0.0905%)
  • Banks covered: State Bank of India, YES Bank Ltd., Axis Bank Ltd., and ICICI Bank Ltd.
  • Result: Passed with requisite majority

Voting Breakdown by Category

Promoter and Promoter Group

  • Shares held: 168,595,967
  • Votes cast: 168,595,967 (100% of holdings)
  • Voting method: 100% via e-voting

Public Institutions

  • Shares held: 0
  • Votes cast: 0

Public Non-Institutions

  • Shares held: 97,684,033
  • Votes cast: 198,789 (0.2035% of holdings)
  • Voting method: 198,649 via e-voting, 140 via poll during AGM

Scrutinizer's Findings

  • 78 shareholders cast votes through remote e-voting
  • 3 shareholders cast votes through e-voting during the AGM
  • 57 shareholders attended the AGM through video conferencing
  • The scrutinizer confirmed the voting process was fair and transparent
  • All resolutions were determined to have passed with the requisite majority or unanimously

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA and SEBI circulars