Meeting Details

The 12th Annual General Meeting was held on Tuesday, September 29, 2026 through Video Conferencing/Other Audio Visual Means from 11:30 AM to 12:16 PM. The record date for determining voting rights was September 22, 2026, with 78,548 total shareholders on record.

Proposed Resolutions and Voting Outcomes

All five resolutions were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

  • Description: To receive, consider and adopt (a) Audited Standalone Financial Statements for FY ended March 31, 2026 with Board and Auditor reports, and (b) Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditor report
  • Total votes cast: 45,271,967 shares (9.2633% of outstanding shares)
  • In favor: 45,271,954 votes (99.9999%)
  • Against: 13 votes (0.0001%)
  • Result: Passed

Resolution 2: Final Dividend Declaration

  • Description: To declare Final Dividend @ 50% (₹0.50 per equity share of face value ₹1 each) for Financial Year 2025-26
  • Total votes cast: 45,827,523 shares
  • In favor: 45,827,510 votes (99.9999%)
  • Against: 13 votes (0.0001%)
  • Result: Passed

Resolution 3: Director Re-appointment

  • Description: To appoint Ms. Ashka Anand Pandit (DIN: 10594507) who retires by rotation
  • Total votes cast: 45,271,967 shares (9.2633% of outstanding shares)
  • In favor: 43,952,234 votes (97.0849%)
  • Against: 1,319,733 votes (2.9151%)
  • Result: Passed

Resolution 4: Cost Auditor Remuneration

  • Description: To ratify Remuneration of Cost Auditors for Financial Year 2026-27
  • Total votes cast: 45,271,967 shares (9.2633% of outstanding shares)
  • In favor: 45,271,954 votes (99.9999%)
  • Against: 13 votes (0.0001%)
  • Result: Passed

Resolution 5: Executive Director Appointment

  • Description: To approve appointment of Mr. Paarth Deepak Chheda (DIN: 06430713) as Executive Director
  • Total votes cast: 45,271,967 shares (9.2633% of outstanding shares)
  • In favor: 43,028,522 votes (95.0445%)
  • Against: 2,243,445 votes (4.9555%)
  • Result: Passed

Voting Process and Participation

The voting was conducted through electronic means (remote e-voting and voting at meeting). KFin Technology Limited provided the e-voting facility. The remote e-voting period commenced on September 26, 2026 at 9:00 AM and ended on September 28, 2026 at 5:00 PM.

Shareholder Participation:

  • 0 shareholders present in person or through proxy
  • 44 shareholders attended through video conferencing (3 Promoters and Promoter Group, 41 Public)

Category-wise Voting Breakdown:

  • Promoter and Promoter Group: Held 390,338,600 shares, voted 32,012,000 shares (8.2011%)
  • Public Institutions: Held 27,906,101 shares, voted 13,135,710 shares (47.0711%)
  • Public Non-Institutions: Held 70,479,009 shares, voted 124,257 shares (0.1763%)

Scrutinizer's Report

CS Sandhya R. Malhotra, Partner of M/s. Manish Ghia & Associates, was appointed as Scrutinizer (Board Meeting date: September 1, 2026). The scrutinizer confirmed:

  • No invalid votes were cast in remote e-voting or e-voting during AGM
  • The voting process was conducted fairly and transparently
  • All resolutions passed with requisite majority
  • Report submitted to company on September 30, 2026

Compliance Confirmation

The company confirmed compliance with SEBI Listing Regulations, Companies Act 2013, and relevant MCA circulars. Advertisements were published in Financial Express (English) and Pratahkal (Marathi) newspapers on September 5, 2026 and September 8, 2026.