Meeting Details

The 17th Annual General Meeting was held on September 16, 2026, from 11:00 AM to 12:45 PM. The meeting was conducted through video conferencing/other audio visual means. The record date for determining shareholder eligibility to vote was September 9, 2026, on which date there were 32,116 shareholders.

Shareholder Participation

  • Total shareholders present through video conferencing: 31 (2 Promoters/Promoter Group + 29 Public)
  • No shareholders were present in person or through proxy at a physical venue
  • Total number of votes cast across all resolutions: 17,758,011 shares, representing 47.8601% of outstanding shares

Proposed Resolutions and Voting Outcomes

Resolution 1: Adoption of Financial Statements

Description: To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

  • Total votes cast: 17,758,011 shares (47.8601% of outstanding shares)
  • Votes in favor: 17,753,010 shares (99.9718%)
  • Votes against: 5,001 shares (0.0282%)

Outcome: PASSED

Resolution 2: Final Dividend Declaration

Description: To declare a final dividend of Rs. 0.50 per equity share for the financial year 2025-26.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

  • Total votes cast: 17,758,011 shares (47.8601% of outstanding shares)
  • Votes in favor: 17,753,010 shares (99.9718%)
  • Votes against: 5,001 shares (0.0282%)

Outcome: PASSED

Resolution 3: Director Re-appointment

Description: To appoint a Director in place of Mr. Jogindersingh Jaswal (DIN: 02385809), who retires by rotation, and being eligible, offers himself for re-appointment.

Type: Ordinary Resolution

Promoter Interest: Yes

Voting Results:

  • Total votes cast: 17,758,011 shares (47.8601% of outstanding shares)
  • Votes in favor: 17,753,010 shares (99.9718%)
  • Votes against: 5,001 shares (0.0282%)

Outcome: PASSED

Resolution 4: Cost Auditor Remuneration Ratification

Description: To ratify the remuneration payable to the Cost Auditors for the financial year 2026-27.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

  • Total votes cast: 17,758,011 shares (47.8601% of outstanding shares)
  • Votes in favor: 17,753,010 shares (99.9718%)
  • Votes against: 5,001 shares (0.0282%)

Outcome: PASSED

Voting Process and Methodology

Voting was conducted through two methods:

1. Remote E-voting: Available from September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM) through Kfin Technologies Limited

2. Electronic Voting during AGM: Conducted at the meeting for shareholders attending through video conferencing

The votes were unblocked on September 16, 2026, at 1:00 PM in the presence of two independent witnesses: Mr. Yusuf Fatepurwala and Ms. Moksha Pathak.

Scrutinizer Details

Mr. Devesh A. Pathak of Devesh Pathak & Associates (Practising Company Secretary, Membership No. 4559) was appointed as scrutinizer by the Board of Directors on August 12, 2026. His role included conducting both the remote e-voting process and electronic voting during the AGM, and preparing this combined scrutinizer's report.

Category-wise Voting Breakdown

Promoter & Promoter Group (27,534,000 shares):

  • 64.4207% participation (17,737,600 shares)
  • 100% voted in favor on all resolutions
  • No votes against from this category

Public Institutions (975,244 shares):

  • 1.0269% participation (10,015 shares)
  • 100% voted in favor on all resolutions
  • No votes against from this category

Public Non-Institutions (8,594,756 shares):

  • 0.1210% participation (10,396 shares)
  • Mixed voting pattern: 51.8950% in favor, 48.1050% against on three resolutions
  • All 5,001 votes against originated from this category

Compliance Statement

The company confirms compliance with Regulation 44 of SEBI (LODR) Regulations, 2015, Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Additional Information

  • No invalid votes were recorded in any category for any resolution
  • No votes were abstained for any resolution
  • The scrutinizer handed over all related papers/registers/records to Mr. Nikhil Goswami, Company Secretary, for safe custody