Meeting Details

  • Meeting Type: 37th Annual General Meeting
  • Date: 28th August, 2026
  • Time: 03:30 PM (IST)
  • Mode: Conducted through Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Deemed Location: Registered office at 131 Maker Tower - F Premises, 13th Floor, Cuffe Parade, V.W.T.C., Mumbai, Maharashtra - 400005

Shareholder Participation

  • Total shareholders on record date: 351,015
  • Shareholders present in meeting: 1 Promoter/Promoter Group, 0 Public
  • Shareholders attended through video conferencing: 0 Promoter/Promoter Group, 88 Public

Proposed Resolutions and Voting Outcomes

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

To receive, consider and adopt the audited (standalone & consolidated) financial statements for FY ended March 31, 2026 and Reports of Auditors

  • Total votes cast: 443,939,312 (80.707% of outstanding shares)
  • Votes in favor: 443,935,400 (99.999% of votes polled)
  • Votes against: 3,912 (0.0009% of votes polled)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 248,842,495 votes (100% in favor)
  • Public Institutions: 194,949,760 votes (100% in favor)
  • Public Non-Institutions: 147,057 votes (97.34% in favor, 2.66% against)

Resolution 2: Ordinary Resolution - Final Dividend Declaration

To declare final dividend of Rs. 10/- per equity share for FY ended March 31, 2026

  • Total votes cast: 443,966,800 (80.712% of outstanding shares)
  • Votes in favor: 443,874,355 (99.9792% of votes polled)
  • Votes against: 92,445 (0.0208% of votes polled)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 248,842,495 votes (100% in favor)
  • Public Institutions: 194,977,075 votes (99.9562% in favor, 0.0438% against)
  • Public Non-Institutions: 147,230 votes (95.2795% in favor, 4.7205% against)

Resolution 3: Ordinary Resolution - Director Re-appointment

To appoint Shri P Koteswara Rao (DIN: 06389741) who retires by rotation

  • Total votes cast: 443,945,327 (80.7081% of outstanding shares)
  • Votes in favor: 397,310,712 (89.4954% of votes polled)
  • Votes against: 46,634,615 (10.5046% of votes polled)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 248,842,495 votes (100% in favor)
  • Public Institutions: 194,956,104 votes (76.0896% in favor, 23.9104% against)
  • Public Non-Institutions: 146,728 votes (86.5056% in favor, 13.4944% against)

Resolution 4: Special Resolution - NCD Issuance Authority

Authority to Board for approval and issuance of Redeemable Non-Convertible Debentures up to Rs. 55,000 crore on private placement basis

  • Total votes cast: 443,863,589 (80.6932% of outstanding shares)
  • Votes in favor: 443,636,764 (99.9489% of votes polled)
  • Votes against: 226,825 (0.0511% of votes polled)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 248,842,495 votes (100% in favor)
  • Public Institutions: 194,874,204 votes (99.8878% in favor, 0.1122% against)
  • Public Non-Institutions: 146,890 votes (94.4101% in favor, 5.5899% against)

Voting Process and Methods

  • Remote e-voting period: August 25, 2026 (9:00 AM IST) to August 27, 2026 (5:00 PM IST)
  • E-voting service provider: MUFG Intime India Private Limited
  • Voting methods used: Remote e-voting only (no poll, postal ballot, or physical voting conducted)
  • Cut-off date for voting eligibility: August 21, 2026

Scrutinizer's Role and Findings

  • Scrutinizer: Bhargav Prakashbhai Pattani, Proprietor of BPP & Co., Practicing Company Secretaries
  • Appointment: By Board of Directors on 30th July, 2026
  • Scope: Scrutinized remote e-voting and e-voting at AGM based on reports from MUFG Intime
  • Witnesses: Mrs. Darshana Pattani and Mr. Omkar Vetal (not employed by Company or MUFG Intime)
  • Findings: All votes were valid with no invalid votes recorded
  • Result: All four resolutions passed with requisite majority

Compliance Statements

  • Conducted in compliance with Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014
  • Compliant with MCA Circulars: General Circular no. 09/2023, 09/2024, and 03/2025
  • Compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Newspaper advertisements published in Financial Express, Free Press Journal, Jansatta, Business Standard (English & Hindi), and Loksatta on 5th August, 2026

Additional Information

  • Total number of resolutions passed: 89 (though only 4 voting resolutions detailed)
  • Company CIN: L65922MH1989PLC052257
  • Note: Voting rights of certain FPIs were restricted due to non-submission of required disclosures as per SEBI circular dated August 24, 2023