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

Meeting Details

The 29th Annual General Meeting was held on Friday, August 21, 2026, at 11:00 AM (IST) through Video Conference/Other Audio Visual Means. The meeting concluded at 12:30 PM. The cut-off date for determining shareholder eligibility was Friday, August 14, 2026.

Proposed Resolutions and Implications

Five ordinary resolutions were proposed and approved:

1. Resolution No. 1: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Resolution No. 2: To appoint Mr. Hong Ju Jeon (DIN: 10041232) as Director who retires by rotation

3. Resolution No. 3: To appoint M/s. Deloitte Haskins & Sells Chartered Accountants LLP (ICAI Firm Registration No. 117364W/W100739) as Statutory Auditors

4. Resolution No. 4: Ratification of Cost Auditor's Remuneration

5. Resolution No. 5: Appointment of M/s. Dhananjay Shukla & Associates, Practising Company Secretaries as Secretarial Auditors

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting: Commenced on Tuesday, August 18, 2026 at 09:00 AM and ended on Thursday, August 20, 2026 at 05:00 PM via NSDL's e-voting platform
  • E-voting during AGM: Facility provided to members who attended the virtual AGM but had not voted through remote e-voting

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 895,378
  • Shareholders attended through video conferencing: 161 (1 Promoter, 160 Public)
  • Total votes cast across all resolutions: Approximately 64.44 crore shares

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total Valid Votes: 64,44,34,329 shares
  • Votes in Favor: 64,44,33,876 shares (100.000%)
  • Votes Against: 453 shares (0.000%)

Resolution 2 - Director Re-appointment

  • Total Valid Votes: 64,44,34,290 shares
  • Votes in Favor: 63,39,92,602 shares (98.380%)
  • Votes Against: 1,04,41,688 shares (1.620%)

Resolution 3 - Statutory Auditors Appointment

  • Total Valid Votes: 64,44,34,276 shares
  • Votes in Favor: 64,44,32,180 shares (100.000%)
  • Votes Against: 2,096 shares (0.000%)

Resolution 4 - Cost Auditor Remuneration

  • Total Valid Votes: 64,44,34,292 shares
  • Votes in Favor: 64,44,33,470 shares (100.000%)
  • Votes Against: 822 shares (0.000%)

Resolution 5 - Secretarial Auditors Appointment

  • Total Valid Votes: 64,44,34,286 shares
  • Votes in Favor: 64,44,32,461 shares (100.000%)
  • Votes Against: 1,825 shares (0.000%)

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Total shares held: 57,69,56,533
  • Votes polled: 57,69,56,529 shares (100% participation)
  • Voted in favor of all resolutions unanimously

Public Institutions

  • Total shares held: 7,48,20,078
  • Votes polled: 6,54,51,164 shares (87.4781% participation)
  • Nearly unanimous support for all resolutions except Resolution 2 (84.049% in favor)

Public Non-Institutions

  • Total shares held: 2,69,95,781
  • Votes polled: 20,26,636 shares (7.5072% participation)
  • Strong support for all resolutions with minor dissent

Scrutinizer's Role and Findings

Neeraj Arora, Proprietor of M/s Neeraj Arora & Associates, Practising Company Secretaries, was appointed as Scrutinizer by the Board of Directors on July 21, 2026. His responsibilities included:

  • Scrutinizing the voting process for both remote e-voting and e-voting during AGM
  • Making a consolidated report of votes cast for or against each resolution
  • Using the report generated from NSDL's e-voting system
  • Ensuring votes were unblocked in presence of two independent witnesses (Ms. Saika Parveen and Mr. Karan)

The scrutinizer confirmed that all resolutions were approved with requisite majority and found no invalid votes across any category of shareholders.

Compliance with Laws and Regulations

The meeting and voting process complied with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 2/2022, 10/2022, 09/2023, 09/2024 and 03/2025
  • SEBI circulars issued from time to time