Meeting Details

The voting was conducted via a Postal Ballot with remote e-voting facilities. There was no physical meeting. The record date for determining shareholder eligibility was 18th September, 2026. The total number of shareholders on the record date was 339,957. The voting period commenced on Wednesday, 23rd September, 2026, at 9:00 A.M. (IST) and concluded on Thursday, 22nd October, 2026, at 5:00 P.M. (IST).

Summary of Proposed Resolution and Implications

The single ordinary resolution proposed was for the appointment of Shri Sandeep Kumar (DIN: 11239285) as the Managing Director & Chief Executive Officer of the Company. The promoters/promoter group were not interested in this resolution. The approval of this resolution confirms the leadership appointment, providing stability and continuity in the company's management.

Voting Process and Methods Used

The voting was conducted entirely through remote e-voting. The company appointed Mr. Bhargav Pattani, Partner of M/s. BPP & Co., Company Secretaries, Pune (Unique Code No. S2018MH565200), as the Scrutinizer to ensure a fair and transparent process. The e-voting facility was provided by MUFG Intime India Private Limited and was accessible to shareholders registered with CDSL and NSDL, including those holding shares in demat and physical form. No votes were received via poll or postal ballot.

Key Voting Outcomes

Overall Results

  • Total Votes Cast: 451,785,910
  • Percentage of Votes Polled on Outstanding Shares: 82.1335%
  • Votes in Favor: 447,070,338 (98.9562% of votes polled)
  • Votes Against: 4,715,572 (1.0438% of votes polled)

Category-wise Breakdown

Promoter and Promoter Group
  • Shares Held: 248,842,495
  • Votes Polled: 248,842,495 (100.0000% of shares held)
  • Votes in Favor: 248,842,495 (100.0000%)
  • Votes Against: 0 (0.0000%)
Public Institutions
  • Shares Held: 223,984,222
  • Votes Polled: 202,776,802 (90.5317% of shares held)
  • Votes in Favor: 198,080,277 (97.6839% of votes polled)
  • Votes Against: 4,696,525 (2.3161% of votes polled)
Public Non-Institutions
  • Shares Held: 77,236,283
  • Votes Polled: 166,613 (0.2157% of shares held)
  • Votes in Favor: 147,566 (88.5681% of votes polled)
  • Votes Against: 19,047 (11.4319% of votes polled)

Shareholder Participation

  • Total Shareholders who Voted: 1,095
  • Shareholders Voting in Favor: 1,031
  • Shareholders Voting Against: 64
  • Invalid Votes: 0 members, representing 0 votes

Scrutinizer's Role, Findings, and Conclusions

Mr. Bhargav Pattani was appointed as the Scrutinizer by the Board of Directors on 28th August, 2026. His responsibility was to scrutinize the e-voting process and report the results. The unblocking of votes after the e-voting period concluded was witnessed by two independent witnesses, Mrs. Darshana Pattani and Mr. Omkar Vetal. The Scrutinizer relied on the reports generated by MUFG Intime India Private Limited and performed a test check. He concluded that the resolution was passed with the requisite majority. His report was submitted on 23rd October, 2026.

Compliance with Laws and Regulations

The entire process was conducted in compliance with Section 108 & 110 of the Companies Act, 2013, read with Rule 20 & 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (LODR) Regulations, 2015. The company published advertisements in multiple newspapers (Financial Express, Loksatta, Jansatta, Business Standard (English & Hindi), Free Press Journal, and Navshakti) on 23rd September, 2026, as required. A note confirms compliance with SEBI circular regarding restricted voting rights for certain FPIs who did not submit required disclosures.