Meeting Details

The 32nd Annual General Meeting of Lincoln Pharmaceuticals Limited was held on Wednesday, September 30, 2026, at 11:00 a.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was conducted in accordance with relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Proposed Resolutions and Implications

The AGM considered five resolutions:

Ordinary Businesses:

1. Resolution No. 1: To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended March 31, 2026, along with reports of Board of Directors and Auditors

2. Resolution No. 2: To declare dividend of ₹1.80 (18%) per equity share of ₹10 each for financial year 2025-2026

3. Resolution No. 3: To appoint Mr. Hashmukh I. Patel (DIN: 00104834) as director who retires by rotation

4. Resolution No. 4: To appoint Mr. Munjal Mahendrabhai Patel (DIN: 02319308) as director who retires by rotation

Special Business:

5. Resolution No. 5: Ratification of remuneration payable to Cost auditors of the Company for Financial Year 2026-2027

Voting Process and Methods

The voting was conducted through two methods:

1. Remote e-voting: Commenced on Saturday, September 26, 2026, at 09:00 AM IST and concluded on Tuesday, September 29, 2026, at 5:00 PM IST through CDSL's e-voting platform

2. E-voting at AGM: Members attending the meeting through VC/OAVM could vote during the meeting

The cut-off date for determining voting eligibility was Wednesday, September 23, 2026.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 29,882
  • Total equity shares outstanding: 2,00,29,728

Resolution-wise Results:

Resolution No. 1 (Ordinary Resolution)

  • Total votes polled: 1,11,92,067 (55.88% of outstanding shares)
  • Votes in favor: 1,11,91,005 (99.99% of votes polled)
  • Votes against: 1,062 (0.01% of votes polled)
  • One shareholder holding 9,878 equity shares abstained

Resolution No. 2 (Ordinary Resolution)

  • Total votes polled: 1,12,01,945 (55.93% of outstanding shares)
  • Votes in favor: 1,12,01,900 (100.00% of votes polled)
  • Votes against: 45 (negligible)

Resolution No. 3 (Ordinary Resolution)

  • Total votes polled: 1,12,01,945 (55.93% of outstanding shares)
  • Votes in favor: 1,06,94,272 (95.47% of votes polled)
  • Votes against: 5,07,673 (4.53% of votes polled)

Resolution No. 4 (Ordinary Resolution)

  • Total votes polled: 1,12,01,945 (55.93% of outstanding shares)
  • Votes in favor: 1,06,95,289 (95.48% of votes polled)
  • Votes against: 5,06,656 (4.52% of votes polled)

Resolution No. 5 (Ordinary Resolution)

  • Total votes polled: 1,12,01,945 (55.93% of outstanding shares)
  • Votes in favor: 1,12,01,800 (100.00% of votes polled)
  • Votes against: 145 (negligible)

Category-wise Voting Breakdown:

Promoter and Promoter Group (99,69,930 shares)

  • Voted 93.33% of their shareholding across all resolutions
  • Voted 100% in favor of all resolutions except Resolution 3 and 4 where they were interested parties

Public - Institutions (9,22,286 shares)

  • Participation: 54.27-55.34% across resolutions
  • Voted overwhelmingly against director re-appointments (Resolutions 3 & 4)

Public - Non-Institutions (91,37,512 shares)

  • Participation: 15.08-15.35% across resolutions
  • Majority supported all resolutions with minimal opposition

Scrutinizer's Role and Findings

Umesh G. Parikh, partner of Parikh Dave & Associates, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM. The scrutinizer confirmed:

  • The voting process was conducted in a fair and transparent manner
  • All votes were properly recorded and counted
  • Electronic data and relevant records are under safe custody
  • The process complied with Companies Act, 2013 and SEBI LODR Regulations

The scrutinizer's report was prepared pursuant to Sections 108 and 109 of the Companies Act, 2013 and Rule 20 and 21(2) of the Companies (Management and Administration) Rules, 2014.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA and SEBI circulars regarding AGM conduct through VC/OAVM