Meeting Details

The 32nd Annual General Meeting was originally convened on Wednesday, September 30, 2026 at 11:30 AM at the Registered Office in Village Bairsen, P.O. Manjholi, Tehsil-Nalagarh, Solan, Himachal Pradesh.

Due to lack of quorum, the meeting was adjourned to Wednesday, October 7, 2026 at 11:30 AM at the same venue. The adjourned meeting commenced at 11:30 AM and concluded at 1:30 PM.

Cut-off Date and Shareholding

Cut-off date for determining voting eligibility was Wednesday, September 23, 2026. Total number of shareholders as on cut-off date: 7,842.

Total share capital: 84,881,870 shares (84.88 crore shares)

  • Promoter and promoter group holding: 63,047,058 shares (74.30%)
  • Public institution holding: 1,124,031 shares (1.32%)
  • Public non-institution holding: 20,710,781 shares (24.38%)

Attendance at Adjourned AGM

  • Promoter and promoter group: 1 member present
  • Public: 15 members present
  • No shareholders attended through video conferencing

Remote E-Voting Process

Remote e-voting facility was provided through CDSL from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM). Scrutinizer was Sudhakar Jha of M/s. Sudhakar & Co., Company Secretaries.

Resolution Details

Total Resolutions: 6 passed (Originally 7 resolutions proposed)

Resolution No. 1: Ordinary Resolution

To receive, consider and adopt the audited financial statements for the year ended March 31, 2026 together with reports of Board of Directors and Auditors.

Result: PASSED

  • Total votes cast: 630,495,686 (74.30% of outstanding shares)
  • Votes in favor: 630,495,686 (100% of votes cast)
  • Votes against: 0
  • Invalid/Abstained: 0

Resolution No. 2: Ordinary Resolution

To appoint director in place of Mr. Naveen Kumar Gupta (DIN: 11023859) who retires by rotation.

Result: NOT PUT TO VOTE

Reason: Mr. Naveen Kumar Gupta resigned as director effective October 1, 2026, prior to the adjourned AGM date. Consequently, the resolution for his reappointment could not be acted upon.

Resolution No. 3: Ordinary Resolution

Re-appointment of M/s. Bhakoo & Co., Chartered Accountants (Firm Registration No. 022641N) as Statutory Auditors and to fix their remuneration.

Result: PASSED

  • Total votes cast: 630,495,522 (74.30% of outstanding shares)
  • Votes in favor: 630,495,358 (99.97% of votes cast)
  • Votes against: 164 (0.03% of votes cast)
  • Invalid/Abstained: 0

Resolution No. 4: Special Resolution

Adoption of a new set of Memorandum of Association of the Company.

Result: PASSED

  • Total votes cast: 630,495,686 (74.30% of outstanding shares)
  • Votes in favor: 630,495,686 (100% of votes cast)
  • Votes against: 0
  • Invalid/Abstained: 0

Resolution No. 5: Special Resolution

Adoption of a new set of Articles of Association of the Company.

Result: PASSED

  • Total votes cast: 630,495,686 (74.30% of outstanding shares)
  • Votes in favor: 630,495,686 (100% of votes cast)
  • Votes against: 0
  • Invalid/Abstained: 0

Resolution No. 6: Special Resolution

Approval under Section 185 of the Companies Act, 2013 (Loans to directors, etc.).

Result: PASSED

  • Total votes cast: 630,495,686 (74.30% of outstanding shares)
  • Votes in favor: 630,495,686 (100% of votes cast)
  • Votes against: 0
  • Invalid/Abstained: 0

Resolution No. 7: Special Resolution

To make equity investment(s) in addition to loan in excess of prescribed limits under Section 186 of the Companies Act, 2013.

Result: PASSED

  • Total votes cast: 630,495,686 (74.30% of outstanding shares)
  • Votes in favor: 630,495,686 (100% of votes cast)
  • Votes against: 0
  • Invalid/Abstained: 0

Voting Pattern Analysis

Promoter and promoter group voted 100% in favor of all resolutions they voted on. Public institution shareholders did not participate in voting. Public non-institution shareholders showed minimal participation with only 314 votes cast via e-voting and 24,792 votes cast at AGM.

Scrutinizer Report

The Consolidated Scrutinizer's Report was prepared by Sudhakar Jha and confirmed the voting results. All relevant records will remain with the scrutinizer until the minutes are approved and signed by the Chairperson.