Meeting Details
- Meeting Type: 16th Annual General Meeting
- Date: Monday, September 28, 2026
- Time: 11:00 AM
- Location: Registered Office at S. No. 243/A, Hissa NO. 6, CTS No. 4519, 4519/1, near Chinchwad Station, Chinchwad, Taluka – Haveli, Pune, Maharashtra 411019
- Record Date: September 21, 2026
- Total Shareholders on Record Date: 51,817
Proposed Resolutions and Implications
Five ordinary resolutions were proposed for shareholder approval:
1. Adoption of Financial Statements: To receive, consider, approve and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements for the financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors.
2. Final Dividend Declaration: To declare a Final Dividend of ₹2.00 (Rupees Two only) per equity share, being 40% of the face value of ₹5 (Rupees Five only) each, for the financial year ended March 31, 2026.
3. Director Re-appointment: To appoint Mr. Yash Prithviraj Mutha (DIN: 07285523) as Director who retires by rotation under Section 152(6) of Companies Act, 2013 and offers himself for re-appointment.
4. Statutory Auditor Appointment: To appoint M/s Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057) as Statutory Auditors for a first term of five consecutive years and to fix their remuneration.
5. Cost Auditor Remuneration: Ratification of remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants, as Cost Auditors for Financial Year 2026-27.
Voting Process and Methods
- Remote E-voting: Conducted through NSDL from Friday, September 25, 2026 at 09:00 AM to Sunday, September 27, 2026 at 05:00 PM
- Physical Voting: Voting through ballot papers conducted during the AGM for shareholders present who had not cast their vote earlier
- Scrutinizer: Dinesh Shivnarayan Birla, proprietor of Dinesh Birla & Associates, Practicing Company Secretary
- Notice Dispatch: Completed on Saturday, September 5, 2026 to members via email and physical mode
- Advertisement: Published in Financial Express and Loksatta newspapers on September 6, 2026
Key Voting Outcomes
Resolution-wise Voting Results:
Resolution 1 - Adoption of Financial Statements
- Total Votes Cast: 13,912,474
- Votes in Favor: 13,909,598 (99.9506%)
- Votes Against: 6,876 (0.0494%)
- Invalid Votes: 331
Resolution 2 - Final Dividend Declaration
- Total Votes Cast: 13,916,438
- Votes in Favor: 13,916,402 (99.9997%)
- Votes Against: 36 (0.0003%)
- Invalid Votes: 331
Resolution 3 - Director Re-appointment
- Total Votes Cast: 13,909,598
- Votes in Favor: 13,909,598 (99.9506%)
- Votes Against: 6,876 (0.0494%)
- Invalid Votes: 331
Resolution 4 - Statutory Auditor Appointment
- Total Votes Cast: 13,891,574
- Votes in Favor: 13,830,791 (99.5624%)
- Votes Against: 60,783 (0.4376%)
- Invalid Votes: 331
Resolution 5 - Cost Auditor Remuneration
- Total Votes Cast: 13,891,574
- Votes in Favor: 13,891,417 (99.9989%)
- Votes Against: 157 (0.0011%)
- Invalid Votes: 331
Category-wise Participation:
- Promoter and Promoter Group: 8,795,605 shares (100% participation through e-voting)
- Public Institutions: 5,913,088 shares (70.77% participation through e-voting)
- Public Non-Institutions: 17,729,979 shares (5.14% participation through combined voting)
Scrutinizer's Findings and Conclusions
- All five ordinary resolutions were passed with requisite majority
- The scrutinizer verified the remote e-voting process and physical ballot voting
- The locked ballot box was opened in the scrutinizer's presence and ballot papers were reconciled with RTA records
- A soft copy of the detailed voting list (FOR, AGAINST, invalid) has been provided to the Company Secretary
- The voting process complied with Section 108 and 110 of Companies Act, 2013 and relevant rules
Compliance Confirmation
- Compliance with SEBI (LODR) Regulations, 2015, Regulation 44(3)
- Compliance with Companies Act, 2013 and Companies (Management & Administration) Rules, 2014
- Notice dispatched in accordance with Section 101 of Companies Act, 2013