Meeting Details

The 20th Annual General Meeting (AGM) of the Company was held on Thursday, September 24, 2026, through Video Conferencing (VC) / Other Audio Video Means (OAVM). The meeting commenced at 03:00 PM and concluded at 03:25 PM. The record date for determining shareholders eligible to vote was September 17, 2026.

Proposed Resolutions and Implications

Eight resolutions were proposed and voted upon at the AGM:

1. Ordinary Resolution: Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026.

2. Ordinary Resolution: Adoption of the Audited Consolidated Financial Statements for the financial year ended March 31, 2026.

3. Ordinary Resolution: Declaration of a Final Dividend of ₹1.50 per equity share (face value ₹5 each, i.e., 30%) for the Financial Year 2025-26.

4. Ordinary Resolution: Appointment of Mr. Paras Somani (DIN: 02742256), who retires by rotation, as a Director.

5. Special Resolution: Reappointment of Mr. Manish Chokhani (DIN: 00204011) as an Independent Director.

6. Special Resolution: Reappointment of Mr. Gautam Trivedi (DIN: 02647162) as an Independent Director.

7. Special Resolution: Appointment of Ms. Rita Teaotia (DIN: 02876666) as an Independent Director.

8. Special Resolution: Consideration and approval of payment of commission to Non-Executive Directors.

Voting Process and Methods

The voting process combined remote e-voting and e-voting during the AGM:

  • Remote e-Voting: Conducted by MUFG Intime India Private Limited (MUFG). The voting period commenced on Monday, September 21, 2026, at 9:00 AM IST and ended on Wednesday, September 23, 2026, at 5:00 PM IST.
  • E-Voting during the AGM: Facilitated during the meeting held on September 24, 2026.
  • The Scrutinizer, Vaibhav Dandawate of M/s. Makarand M. Joshi & Co., was appointed by the Board on August 11, 2026, to oversee both processes.
  • The Notice of the AGM was dispatched on September 02, 2026, and newspaper advertisements were published in the Financial Express (English and Gujarati editions) on September 03, 2026.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on the record date: 40,019
  • Shareholders attending the meeting via VC/OAVM: 53 (6 Promoters/Promoter Group, 47 Public)
  • Total number of shares outstanding: 4,14,64,910
  • Total number of votes polled (shares): 2,98,26,585
  • Overall percentage of votes polled: 71.9321%

Resolution-wise Results

  • Resolution 1 (Standalone Financials): Passed. Votes in favor: 2,98,26,583 (100.0000%), Against: 2 (0.0000%).
  • Resolution 2 (Consolidated Financials): Passed. Votes in favor: 2,98,26,583 (100.0000%), Against: 2 (0.0000%).
  • Resolution 3 (Final Dividend): Passed. Votes in favor: 2,98,26,583 (100.0000%), Against: 2 (0.0000%).
  • Resolution 4 (Appointment of Paras Somani): Passed. Votes in favor: 2,98,26,426 (99.9995%), Against: 159 (0.0005%).
  • Resolution 5 (Reappointment of Manish Chokhani): Passed. Votes in favor: 2,98,26,479 (99.9996%), Against: 106 (0.0004%).
  • Resolution 6 (Reappointment of Gautam Trivedi): Passed. Votes in favor: 2,98,26,479 (99.9996%), Against: 106 (0.0004%).
  • Resolution 7 (Appointment of Rita Teaotia): Passed. Votes in favor: 2,98,26,411 (99.9994%), Against: 174 (0.0006%).
  • Resolution 8 (Commission to Non-Exec Directors): Passed. Votes in favor: 2,38,41,342 (79.9332%), Against: 59,85,243 (20.0668%). This resolution saw significant opposition from Public Institutional shareholders, with 80.1980% voting against.

Participation Breakdown by Shareholder Category

  • Promoter & Promoter Group: Held 2,07,03,256 shares. Voted 2,07,03,256 shares (100% participation). Voted 100% in favor on all resolutions.
  • Public Institutions: Held 96,45,612 shares. Voted 74,62,823 shares (77.3701% participation). Voted 100% in favor on all resolutions except Resolution 8, where only 19.8020% were in favor.
  • Public Non-Institutions: Held 1,11,16,042 shares. Voted 16,60,506 shares (14.9379% participation). Voted overwhelmingly in favor (99.98%+) on all resolutions.

Scrutinizer's Role and Findings

Vaibhav Dandawate, the appointed Scrutinizer, confirmed:

  • The voting process was conducted in compliance with the Companies Act, 2013, and SEBI LODR Regulations.
  • The electronic voting register was maintained as required.
  • There were no invalid or abstained votes for any resolution.
  • All resolutions were passed with the requisite majority.
  • The votes were unblocked in the presence of two witnesses, Ms. Shrena Suhane and Ms. Krati Pandya.
  • The Scrutinizer's report was issued on September 25, 2026.

Compliance Confirmation

The disclosure confirms compliance with the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Secretarial Standard on General Meetings. The voting results have been uploaded on the company's website at www.grouplandmark.in.